Wedbush Weighs in on Dine Brands Global Inc’s Q2 2019 Earnings (DIN)

Dine Brands Global Inc (NYSE:DIN) – Stock analysts at Wedbush dropped their Q2 2019 EPS estimates for Dine Brands Global in a note issued to investors on Thursday, May 2nd, according to Zacks Investment Research. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $1.90 per share for the quarter, down from their prior estimate of $1.93. Wedbush has a “Buy” rating and a $135.00 price objective on the stock. Wedbush also issued estimates for Dine Brands Global’s Q3 2019 earnings at $1.66 EPS.

DIN has been the subject of several other reports. Maxim Group reiterated a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, May 1st. Zacks Investment Research upgraded shares of Dine Brands Global from a “hold” rating to a “strong-buy” rating and set a $106.00 target price for the company in a research report on Tuesday, April 2nd. One research analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $116.00.

NYSE:DIN traded up $2.32 during midday trading on Monday, hitting $90.45. The company had a trading volume of 21,431 shares, compared to its average volume of 372,646. Dine Brands Global has a 52-week low of $61.89 and a 52-week high of $101.18. The firm has a market capitalization of $1.55 billion, a PE ratio of 16.84 and a beta of 0.48.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 EPS for the quarter, beating analysts’ consensus estimates of $1.86 by $0.04. Dine Brands Global had a net margin of 11.30% and a negative return on equity of 53.27%. The firm had revenue of $237.18 million during the quarter, compared to analyst estimates of $248.96 million. During the same period in the previous year, the business earned $1.11 EPS. The business’s revenue for the quarter was up 26.0% on a year-over-year basis.

The business also recently announced a quarterly dividend, which will be paid on Friday, July 12th. Investors of record on Thursday, June 20th will be given a $0.69 dividend. The ex-dividend date is Wednesday, June 19th. This represents a $2.76 annualized dividend and a yield of 3.05%. Dine Brands Global’s dividend payout ratio (DPR) is presently 51.40%.

In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the business’s stock in a transaction on Friday, May 10th. The shares were sold at an average price of $88.92, for a total value of $35,568.00. Following the completion of the sale, the director now directly owns 7,739 shares of the company’s stock, valued at $688,151.88. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryan R. Adel sold 13,806 shares of the business’s stock in a transaction on Friday, March 1st. The stock was sold at an average price of $97.46, for a total transaction of $1,345,532.76. The disclosure for this sale can be found here. Insiders sold 14,606 shares of company stock valued at $1,416,765 over the last quarter. 2.71% of the stock is owned by company insiders.

Institutional investors have recently bought and sold shares of the business. Meeder Asset Management Inc. lifted its stake in Dine Brands Global by 2,426.7% in the fourth quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock worth $25,000 after purchasing an additional 364 shares during the last quarter. Enlightenment Research LLC bought a new stake in Dine Brands Global in the fourth quarter worth $27,000. Lindbrook Capital LLC bought a new stake in Dine Brands Global in the fourth quarter worth $51,000. NumerixS Investment Technologies Inc bought a new stake in Dine Brands Global in the first quarter worth $54,000. Finally, Captrust Financial Advisors lifted its stake in Dine Brands Global by 159.8% in the fourth quarter. Captrust Financial Advisors now owns 847 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 521 shares during the last quarter.

About Dine Brands Global

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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