Dine Brands Global (NYSE:DIN) Releases Earnings Results, Misses Estimates By $0.14 EPS

Dine Brands Global (NYSE:DIN) posted its quarterly earnings results on Wednesday. The restaurant operator reported $1.71 EPS for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.14), Briefing.com reports. Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The business had revenue of $228.08 million for the quarter, compared to analyst estimates of $233.69 million. During the same period last year, the firm posted $1.03 EPS. Dine Brands Global’s quarterly revenue was up 23.6% on a year-over-year basis. Dine Brands Global updated its FY19 guidance to $6.80-7.05 EPS.

Shares of Dine Brands Global stock traded down $4.38 during trading on Wednesday, reaching $82.09. 1,314,300 shares of the company’s stock were exchanged, compared to its average volume of 367,779. The stock has a market cap of $1.52 billion, a P/E ratio of 15.29 and a beta of 0.37. Dine Brands Global has a 1-year low of $65.63 and a 1-year high of $104.00. The company has a 50-day simple moving average of $95.44.

The firm also recently declared a quarterly dividend, which was paid on Friday, July 12th. Stockholders of record on Thursday, June 20th were issued a dividend of $0.69 per share. The ex-dividend date of this dividend was Wednesday, June 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.36%. Dine Brands Global’s dividend payout ratio (DPR) is currently 51.40%.

A number of equities analysts have recently commented on the company. Deutsche Bank assumed coverage on Dine Brands Global in a report on Friday, June 28th. They set a “buy” rating and a $116.00 price target for the company. Barclays assumed coverage on Dine Brands Global in a report on Thursday, July 11th. They set an “overweight” rating and a $115.00 price target for the company. Wedbush reissued an “outperform” rating on shares of Dine Brands Global in a report on Wednesday, June 12th. Zacks Investment Research cut Dine Brands Global from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Finally, Maxim Group reissued a “buy” rating and set a $115.00 price target on shares of Dine Brands Global in a report on Thursday, July 25th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $115.83.

In related news, Director Larry Alan Kay sold 400 shares of the business’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $89.16, for a total transaction of $35,664.00. Following the sale, the director now owns 7,239 shares in the company, valued at approximately $645,429.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Bryan R. Adel sold 8,000 shares of the business’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $102.63, for a total value of $821,040.00. Following the sale, the senior vice president now owns 21,505 shares in the company, valued at approximately $2,207,058.15. The disclosure for this sale can be found here. Insiders have sold a total of 8,800 shares of company stock worth $892,272 in the last 90 days. 2.71% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Thrivent Financial for Lutherans grew its position in Dine Brands Global by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 12,735 shares of the restaurant operator’s stock worth $858,000 after acquiring an additional 280 shares during the last quarter. Everence Capital Management Inc. bought a new stake in Dine Brands Global during the 1st quarter worth $287,000. William Blair Investment Management LLC grew its position in Dine Brands Global by 4.0% during the 1st quarter. William Blair Investment Management LLC now owns 157,769 shares of the restaurant operator’s stock worth $14,403,000 after acquiring an additional 6,010 shares during the last quarter. Bank of America Corp DE grew its position in Dine Brands Global by 26.8% during the 4th quarter. Bank of America Corp DE now owns 77,624 shares of the restaurant operator’s stock worth $5,226,000 after acquiring an additional 16,408 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Dine Brands Global in the 4th quarter valued at about $13,326,000.

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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