Dine Brands Global Inc (DIN) Expected to Post Quarterly Sales of $245.14 Million
Equities analysts predict that Dine Brands Global Inc (NYSE:DIN) will post sales of $245.14 million for the current quarter, according to Zacks Investment Research. Two analysts have issued estimates for Dine Brands Global’s earnings, with the highest sales estimate coming in at $245.42 million and the lowest estimate coming in at $244.87 million. Dine Brands Global reported sales of $188.16 million during the same quarter last year, which indicates a positive year-over-year growth rate of 30.3%. The business is scheduled to issue its next quarterly earnings results on Wednesday, May 1st.
On average, analysts expect that Dine Brands Global will report full year sales of $957.78 million for the current financial year, with estimates ranging from $955.77 million to $959.79 million. For the next fiscal year, analysts anticipate that the company will report sales of $988.73 million. Zacks’ sales averages are a mean average based on a survey of research firms that follow Dine Brands Global.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Thursday, February 21st. The restaurant operator reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.57 by $0.13. The firm had revenue of $174.60 million during the quarter, compared to analyst estimates of $197.28 million. Dine Brands Global had a negative return on equity of 45.41% and a net margin of 10.29%. Dine Brands Global’s quarterly revenue was up 21.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.48 EPS.
Shares of DIN traded down $3.21 during trading hours on Friday, hitting $86.98. The company had a trading volume of 628,927 shares, compared to its average volume of 362,013. The firm has a market cap of $1.58 billion, a PE ratio of 16.20 and a beta of 0.52. Dine Brands Global has a 52-week low of $61.89 and a 52-week high of $101.18.
The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Shareholders of record on Wednesday, March 20th will be given a $0.69 dividend. This is a positive change from Dine Brands Global’s previous quarterly dividend of $0.63. The ex-dividend date is Tuesday, March 19th. This represents a $2.76 dividend on an annualized basis and a yield of 3.17%. Dine Brands Global’s payout ratio is 46.93%.
In other Dine Brands Global news, SVP Bryan R. Adel sold 13,806 shares of the business’s stock in a transaction dated Friday, March 1st. The stock was sold at an average price of $97.46, for a total value of $1,345,532.76. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Bryan R. Adel sold 6,990 shares of the business’s stock in a transaction dated Thursday, February 21st. The stock was sold at an average price of $99.50, for a total value of $695,505.00. Following the completion of the transaction, the senior vice president now directly owns 23,397 shares of the company’s stock, valued at approximately $2,328,001.50. The disclosure for this sale can be found here. In the last three months, insiders sold 21,496 shares of company stock valued at $2,110,338. 2.75% of the stock is owned by insiders.
Several institutional investors have recently added to or reduced their stakes in the business. Piedmont Investment Advisors Inc. grew its stake in shares of Dine Brands Global by 3.4% during the 4th quarter. Piedmont Investment Advisors Inc. now owns 4,198 shares of the restaurant operator’s stock valued at $283,000 after purchasing an additional 137 shares during the period. ETRADE Capital Management LLC grew its stake in shares of Dine Brands Global by 2.2% during the 4th quarter. ETRADE Capital Management LLC now owns 9,772 shares of the restaurant operator’s stock valued at $658,000 after purchasing an additional 209 shares during the period. Thrivent Financial for Lutherans grew its stake in shares of 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 valued at $858,000 after purchasing an additional 280 shares during the period. GSA Capital Partners LLP grew its stake in shares of Dine Brands Global by 8.1% during the 4th quarter. GSA Capital Partners LLP now owns 4,143 shares of the restaurant operator’s stock valued at $279,000 after purchasing an additional 309 shares during the period. Finally, Meeder Asset Management Inc. grew its stake in shares of Dine Brands Global by 2,426.7% during the 4th quarter. Meeder Asset Management Inc. now owns 379 shares of the restaurant operator’s stock valued at $25,000 after purchasing an additional 364 shares during the period.
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 through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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