$227.70 Million in Sales Expected for Dine Brands Global Inc (NYSE:DIN) This Quarter

Wall Street brokerages expect that Dine Brands Global Inc (NYSE:DIN) will report sales of $227.70 million for the current quarter, Zacks reports. Three analysts have made estimates for Dine Brands Global’s earnings, with the highest sales estimate coming in at $228.05 million and the lowest estimate coming in at $227.06 million. Dine Brands Global reported sales of $194.10 million in the same quarter last year, which would suggest a positive year over year growth rate of 17.3%. The company is expected to report its next earnings results on Wednesday, October 30th.

On average, analysts expect that Dine Brands Global will report full year sales of $941.60 million for the current year, with estimates ranging from $936.00 million to $945.70 million. For the next financial year, analysts forecast that the company will report sales of $928.12 million, with estimates ranging from $845.00 million to $971.88 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side analysts that that provide coverage for Dine Brands Global.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.85 by ($0.14). Dine Brands Global had a negative return on equity of 53.27% and a net margin of 11.30%. The firm had revenue of $228.08 million for the quarter, compared to analysts’ expectations of $233.69 million. During the same quarter in the prior year, the business posted $1.03 earnings per share. Dine Brands Global’s revenue was up 23.6% on a year-over-year basis.

Several research firms have weighed in on DIN. Raymond James lowered Dine Brands Global from a “strong-buy” rating to an “outperform” rating and cut their target price for the company from $125.00 to $105.00 in a report on Thursday. Deutsche Bank cut their target price on Dine Brands Global from $116.00 to $104.00 and set a “buy” rating on the stock in a report on Thursday. Wedbush restated an “outperform” rating and set a $120.00 target price (down from $135.00) on shares of Dine Brands Global in a report on Thursday. ValuEngine lowered Dine Brands Global from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Zacks Investment Research lowered Dine Brands Global from a “hold” rating to a “sell” rating in a report on Thursday, May 2nd. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. Dine Brands Global currently has a consensus rating of “Hold” and a consensus price target of $110.83.

NYSE DIN traded up $1.95 during trading on Thursday, hitting $84.04. 645,200 shares of the company traded hands, compared to its average volume of 369,667. Dine Brands Global has a 12 month low of $65.63 and a 12 month high of $104.00. The business’s fifty day simple moving average is $95.26. The company has a market cap of $1.56 billion, a P/E ratio of 15.65 and a beta of 0.37.

The business also recently announced a quarterly dividend, which was paid on Friday, July 12th. Shareholders 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 annualized dividend and a yield of 3.28%. Dine Brands Global’s dividend payout ratio (DPR) is currently 51.40%.

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

Several institutional investors have recently bought and sold shares of DIN. Coastal Investment Advisors Inc. bought a new position in shares of Dine Brands Global in the second quarter worth about $29,000. KBC Group NV bought a new position in shares of Dine Brands Global in the second quarter worth about $29,000. Advisor Group Inc. increased its stake in shares of Dine Brands Global by 4,107.7% in the second quarter. Advisor Group Inc. now owns 547 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 534 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Dine Brands Global by 39.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the restaurant operator’s stock worth $127,000 after purchasing an additional 395 shares during the period. Finally, Contravisory Investment Management Inc. bought a new position in shares of Dine Brands Global in the second quarter worth about $157,000.

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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