Q3 2024 Earnings Forecast for Dine Brands Global, Inc. (NYSE:DIN) Issued By Wedbush

Dine Brands Global, Inc. (NYSE:DIN) – Analysts at Wedbush decreased their Q3 2024 earnings estimates for shares of Dine Brands Global in a report issued on Tuesday, October 1st. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $1.40 for the quarter, down from their previous estimate of $1.42. Wedbush currently has a “Outperform” rating and a $47.00 target price on the stock. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.86 per share. Wedbush also issued estimates for Dine Brands Global’s Q1 2025 earnings at $1.48 EPS.

A number of other equities research analysts have also commented on the company. Truist Financial decreased their price objective on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. UBS Group lowered their price objective on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. StockNews.com upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd. Benchmark downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Finally, Barclays reduced their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, Dine Brands Global currently has an average rating of “Moderate Buy” and a consensus target price of $50.71.

Dine Brands Global Price Performance

Shares of DIN opened at $34.73 on Wednesday. The company has a 50-day moving average of $31.60 and a two-hundred day moving average of $37.49. The stock has a market cap of $535.02 million, a price-to-earnings ratio of 6.18 and a beta of 1.72. Dine Brands Global has a one year low of $28.25 and a one year high of $53.26.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.07. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. Dine Brands Global’s revenue for the quarter was down 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.82 earnings per share.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th will be issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.87%. The ex-dividend date of this dividend is Friday, September 20th. Dine Brands Global’s dividend payout ratio is 36.30%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the stock. LSV Asset Management boosted its holdings in Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after acquiring an additional 18,200 shares during the period. Marshall Wace LLP boosted its stake in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after purchasing an additional 8,518 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Dine Brands Global by 9.9% in the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after acquiring an additional 23,400 shares during the period. Olstein Capital Management L.P. grew its position in Dine Brands Global by 6.9% in the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock worth $8,746,000 after purchasing an additional 15,600 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Dine Brands Global by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock worth $8,451,000 after buying an additional 4,427 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.