Dine Brands Global (NYSE:DIN) Releases Earnings Results

Dine Brands Global (NYSE:DIN) issued its quarterly earnings data on Wednesday. The restaurant operator reported $1.71 earnings per share for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.14), Briefing.com reports. The firm had revenue of $228.08 million during the quarter, compared to analyst estimates of $233.69 million. Dine Brands Global had a negative return on equity of 59.85% and a net margin of 11.73%. The company’s revenue was up 23.6% on a year-over-year basis. During the same quarter last year, the company posted $1.03 EPS. Dine Brands Global updated its FY19 guidance to $6.80-7.05 EPS.

Shares of DIN traded down $1.51 during mid-day trading on Friday, hitting $82.53. 451,870 shares of the company were exchanged, compared to its average volume of 400,407. Dine Brands Global has a 1-year low of $65.63 and a 1-year high of $104.00. The firm’s 50 day simple moving average is $94.99. The stock has a market cap of $1.45 billion, a PE ratio of 15.37 and a beta of 0.36.

The business also recently declared a quarterly dividend, which was paid on Friday, July 12th. Investors of record on Thursday, June 20th were given a dividend of $0.69 per share. The ex-dividend date of this dividend was Wednesday, June 19th. This represents a $2.76 annualized dividend and a dividend yield of 3.34%. Dine Brands Global’s dividend payout ratio (DPR) is presently 51.40%.

DIN has been the subject of a number of analyst reports. Deutsche Bank decreased their price objective on shares of Dine Brands Global from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday. Wedbush decreased their price objective on shares of Dine Brands Global from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday. Barclays initiated coverage on shares of Dine Brands Global in a research report on Thursday, July 11th. They issued an “overweight” rating and a $115.00 price objective for the company. ValuEngine downgraded shares of Dine Brands Global from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, Maxim Group set a $110.00 price objective on shares of Dine Brands Global and gave the stock a “buy” rating in a research report on Wednesday. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $110.00.

In related news, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $89.16, for a total transaction of $35,664.00. Following the completion of the transaction, the director now owns 7,239 shares in the company, valued at approximately $645,429.24. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, SVP Bryan R. Adel sold 8,000 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was sold at an average price of $102.63, for a total transaction of $821,040.00. Following the transaction, the senior vice president now owns 21,505 shares of the company’s stock, valued at approximately $2,207,058.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,800 shares of company stock valued at $892,272. Insiders own 2.71% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Rothschild & Co. Asset Management US Inc. acquired a new position in shares of Dine Brands Global during the 2nd quarter worth about $39,390,000. Norges Bank acquired a new position in shares of Dine Brands Global during the 4th quarter worth about $13,326,000. Waratah Capital Advisors Ltd. raised its position in shares of Dine Brands Global by 1,120.2% during the 1st quarter. Waratah Capital Advisors Ltd. now owns 212,589 shares of the restaurant operator’s stock worth $19,407,000 after purchasing an additional 195,166 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Dine Brands Global by 27.3% during the 1st quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock worth $76,292,000 after purchasing an additional 179,234 shares during the last quarter. Finally, Skyline Asset Management LP acquired a new position in shares of Dine Brands Global during the 1st quarter worth about $12,991,000.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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Earnings History for Dine Brands Global (NYSE:DIN)

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