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.
Dine Brands Global Trading Up 3.5 %
DIN Stock opened at $75.16 on Friday. The company's 50 day moving average is $68.96 and its 200 day moving average is $72.29. The stock has a market cap of $1.18 billion, a price-to-earnings ratio of 14.00 and a beta of 1.82. 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 results on Tuesday, August 9th. The restaurant operator reported $1.65 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.01. The firm had revenue of $237.79 million for the quarter, compared to analyst estimates of $236.25 million. Dine Brands Global had a net margin of 9.90% and a negative return on equity of 38.58%. The business's revenue for the quarter was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.94 EPS. As a group, sell-side analysts forecast that Dine Brands Global will post 5.78 EPS for the current fiscal year.
Analysts Set New Price Targets
A number of analysts recently issued reports on the company. Truist Financial decreased their price objective on Dine Brands Global from $106.00 to $97.00 and set a "buy" rating on the stock in a research note on Wednesday. StockNews.com cut Dine Brands Global from a "buy" rating to a "hold" rating in a research report on Saturday. 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 report on Friday, July 22nd. Raymond James reduced their price objective on shares of Dine Brands Global from $95.00 to $85.00 in a research note on Tuesday, July 19th. Finally, Barclays increased their target price on shares of Dine Brands Global from $88.00 to $90.00 and gave the stock an "overweight" rating in a research note on Wednesday. Two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $93.00.