Dine Brands Global, Inc. (NYSE:DIN) Expected to Post Quarterly Sales of $196.14 Million


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Wall Street analysts expect Dine Brands Global, Inc. (NYSE:DIN) to post $196.14 million in sales for the current fiscal quarter, Zacks reports. Six analysts have issued estimates for Dine Brands Global’s earnings. The highest sales estimate is $205.23 million and the lowest is $185.70 million. Dine Brands Global reported sales of $206.88 million during the same quarter last year, which would suggest a negative year-over-year growth rate of 5.2%. The company is expected to issue its next quarterly earnings results before the market opens on Wednesday, May 5th.

According to Zacks, analysts expect that Dine Brands Global will report full year sales of $830.42 million for the current financial year, with estimates ranging from $809.80 million to $852.27 million. For the next financial year, analysts anticipate that the firm will post sales of $872.32 million, with estimates ranging from $770.88 million to $907.11 million. Zacks’ sales averages are a mean average based on a survey of research analysts that cover Dine Brands Global.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Monday, March 1st. The restaurant operator reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.67 by ($0.28). The business had revenue of $196.00 million during the quarter, compared to analyst estimates of $192.49 million. Dine Brands Global had a negative net margin of 10.52% and a negative return on equity of 17.91%. Dine Brands Global’s revenue was down 13.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.78 earnings per share.

Several research firms have issued reports on DIN. Barclays boosted their price objective on Dine Brands Global from $80.00 to $95.00 in a report on Wednesday, March 3rd. Zacks Investment Research upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a report on Friday, March 19th. Wedbush boosted their price objective on Dine Brands Global from $95.00 to $104.00 and gave the stock an “outperform” rating in a report on Monday. MKM Partners upped their target price on Dine Brands Global from $83.00 to $92.00 in a report on Thursday, April 1st. Finally, Raymond James upped their target price on Dine Brands Global from $90.00 to $100.00 and gave the company an “outperform” rating in a report on Monday, March 29th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Dine Brands Global presently has an average rating of “Buy” and an average target price of $93.80.

In other Dine Brands Global news, SVP Bryan R. Adel sold 10,592 shares of the company’s stock in a transaction that occurred on Wednesday, February 10th. The stock was sold at an average price of $78.56, for a total transaction of $832,107.52. Following the completion of the sale, the senior vice president now owns 21,212 shares of the company’s stock, valued at $1,666,414.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Jay D. Johns sold 2,407 shares of the company’s stock in a transaction that occurred on Thursday, March 4th. The stock was sold at an average price of $81.56, for a total value of $196,314.92. Following the sale, the insider now directly owns 17,668 shares of the company’s stock, valued at approximately $1,441,002.08. The disclosure for this sale can be found here. In the last three months, insiders sold 15,113 shares of company stock valued at $1,206,301. 2.75% of the stock is currently owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. US Bancorp DE grew its holdings in Dine Brands Global by 61.9% in the 4th quarter. US Bancorp DE now owns 442 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 169 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in Dine Brands Global by 3.9% in the 4th quarter. The Manufacturers Life Insurance Company now owns 9,311 shares of the restaurant operator’s stock valued at $540,000 after buying an additional 346 shares during the last quarter. Aperio Group LLC grew its holdings in Dine Brands Global by 3.5% in the 4th quarter. Aperio Group LLC now owns 13,097 shares of the restaurant operator’s stock valued at $760,000 after buying an additional 442 shares during the last quarter. Freedman Financial Associates Inc. acquired a new stake in Dine Brands Global in the 4th quarter valued at approximately $29,000. Finally, UBS Asset Management Americas Inc. grew its holdings in Dine Brands Global by 5.9% in the 4th quarter. UBS Asset Management Americas Inc. now owns 15,705 shares of the restaurant operator’s stock valued at $911,000 after buying an additional 876 shares during the last quarter. 85.43% of the stock is currently owned by hedge funds and other institutional investors.

NYSE DIN traded up $0.49 on Tuesday, hitting $96.97. 303,153 shares of the company were exchanged, compared to its average volume of 379,745. The company’s 50 day moving average price is $91.22 and its 200-day moving average price is $73.63. The firm has a market capitalization of $1.65 billion, a P/E ratio of -21.36 and a beta of 2.02. Dine Brands Global has a twelve month low of $30.60 and a twelve month high of $98.75.

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

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