Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through five segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill + Bar in the bar and grill segment of the casual dining category; and IHOP in the family dining category of the restaurant industry. Its Applebee's restaurants offer American fare with drinks and drafts; and IHOP restaurants provide full table services, and food and beverage offerings. As of December 31, 2021, the company had 1,611 Applebee's franchised restaurants, and 1,751 IHOP franchised and area licensed restaurants. It is also involved in the lease or sublease of 598 IHOP franchised restaurants and two Applebee's franchised restaurants; and the financing of franchise fees and equipment leases. the company was formerly known as DineEquity, Inc. and changed its name to Dine Brands Global, Inc. in February 2018. Dine Brands Global, Inc. was founded in 1958 and is headquartered in Glendale, California.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the stock. KeyCorp lowered their price target on shares of Dine Brands Global from $90.00 to $85.00 and set an "overweight" rating on the stock in a research note on Friday, July 22nd. Truist Financial lowered their target price on shares of Dine Brands Global from $106.00 to $97.00 and set a "buy" rating on the stock in a research report on Wednesday, August 10th. Barclays lifted their price target on shares of Dine Brands Global from $88.00 to $90.00 and gave the company an "overweight" rating in a research report on Wednesday, August 10th. StockNews.com cut Dine Brands Global from a "buy" rating to a "hold" rating in a report on Saturday. Finally, Raymond James reduced their price objective on Dine Brands Global from $95.00 to $85.00 in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $93.00.
Dine Brands Global Stock Performance
DIN Stock traded down $0.64 on Monday, reaching $74.52. The company had a trading volume of 179,354 shares, compared to its average volume of 264,179. The company's fifty day moving average is $68.96 and its 200 day moving average is $72.34. The company has a market cap of $1.17 billion, a P/E ratio of 14.00 and a beta of 1.83. Dine Brands Global has a 1 year low of $61.29 and a 1 year high of $95.00.
Dine Brands Global (NYSE:DIN - Get Rating) last issued its quarterly earnings data on Tuesday, August 9th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.01. The business had revenue of $237.79 million for the quarter, compared to the consensus estimate of $236.25 million. Dine Brands Global had a negative return on equity of 38.58% and a net margin of 9.90%. The business's revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the business earned $1.94 earnings per share. On average, sell-side analysts predict that Dine Brands Global will post 5.78 earnings per share for the current year.