Q3 2022 Earnings Forecast for Dine Brands Global, Inc. Issued By Wedbush (NYSE:DIN) – MarketBeat

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Dine Brands Global, Inc. (NYSE:DINGet Rating) – Investment analysts at Wedbush lowered their Q3 2022 EPS estimates for Dine Brands Global in a research note issued on Wednesday, August 10th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $1.18 per share for the quarter, down from their previous forecast of $1.23. The consensus estimate for Dine Brands Global’s current full-year earnings is $5.82 per share. Wedbush also issued estimates for Dine Brands Global’s Q4 2022 earnings at $1.43 EPS, Q1 2023 earnings at $1.81 EPS, Q3 2023 earnings at $1.32 EPS and Q4 2023 earnings at $1.62 EPS.
Dine Brands Global (NYSE:DINGet Rating) last posted its quarterly earnings results on Tuesday, August 9th. The restaurant operator reported $1.65 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.60 by $0.05. Dine Brands Global had a net margin of 9.90% and a negative return on equity of 38.58%. The firm had revenue of $237.79 million during the quarter, compared to analyst estimates of $236.25 million. During the same quarter in the prior year, the business posted $1.94 earnings per share. The company’s quarterly revenue was up 1.8% compared to the same quarter last year.
Several other research firms have also weighed in on DIN. Truist Financial dropped their price objective on shares of Dine Brands Global from $106.00 to $97.00 and set a “buy” rating for the company in a report on Wednesday. StockNews.com lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Wednesday, August 3rd. KeyCorp dropped their price objective on shares of Dine Brands Global from $90.00 to $85.00 and set an “overweight” rating for the company in a report on Friday, July 22nd. Barclays raised their price objective on shares of Dine Brands Global from $88.00 to $90.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Raymond James dropped their price objective on shares of Dine Brands Global from $95.00 to $85.00 in a report on Tuesday, July 19th. Two equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $93.00.

Dine Brands Global Trading Up 5.7 %

NYSE DIN opened at $75.65 on Thursday. The firm has a market cap of $1.27 billion, a price-to-earnings ratio of 14.09 and a beta of 1.82. The company has a 50 day moving average of $68.99 and a 200-day moving average of $72.15. Dine Brands Global has a 1-year low of $61.29 and a 1-year high of $95.00.

Institutional Trading of Dine Brands Global

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Divisadero Street Capital Management LP bought a new position in Dine Brands Global in the fourth quarter valued at approximately $34,000. Raleigh Capital Management Inc. bought a new position in Dine Brands Global in the first quarter valued at approximately $39,000. Truvestments Capital LLC bought a new position in Dine Brands Global in the second quarter valued at approximately $46,000. Captrust Financial Advisors boosted its stake in Dine Brands Global by 132.3% in the first quarter. Captrust Financial Advisors now owns 929 shares of the restaurant operator’s stock valued at $73,000 after acquiring an additional 529 shares during the last quarter. Finally, Point72 Hong Kong Ltd bought a new position in Dine Brands Global in the first quarter valued at approximately $85,000. Institutional investors and hedge funds own 91.51% of the company’s stock.

Dine Brands Global Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, July 8th. Investors of record on Monday, June 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Thursday, June 16th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 2.70%. This is a positive change from Dine Brands Global’s previous quarterly dividend of $0.46. Dine Brands Global’s dividend payout ratio (DPR) is currently 37.99%.

Dine Brands Global Company Profile

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

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Earnings History and Estimates for Dine Brands Global (NYSE:DIN)
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