Equities analysts expect that Dine Brands Global, Inc. (NYSE:DIN) will report $197.26 million in sales for the current quarter, Zacks reports. Five analysts have provided estimates for Dine Brands Global’s earnings, with estimates ranging from $186.52 million to $211.34 million. Dine Brands Global reported sales of $227.51 million in the same quarter last year, which would suggest a negative year-over-year growth rate of 13.3%. The firm is expected to report its next quarterly earnings results before the market opens on Tuesday, March 2nd.
On average, analysts expect that Dine Brands Global will report full year sales of $690.49 million for the current year, with estimates ranging from $679.76 million to $704.58 million. For the next fiscal year, analysts expect that the company will post sales of $819.59 million, with estimates ranging from $785.82 million to $867.32 million. Zacks’ sales averages are a mean average based on a survey of research firms that cover Dine Brands Global.
Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft cut shares of Dine Brands Global from a “buy” rating to a “hold” rating and set a $80.00 price objective for the company. in a research report on Wednesday, February 10th. Zacks Investment Research cut shares of Dine Brands Global from a “hold” rating to a “sell” rating in a report on Friday, January 8th. Wedbush increased their target price on shares of Dine Brands Global from $70.00 to $73.00 and gave the stock an “outperform” rating in a report on Thursday, October 29th. Raymond James upped their price objective on Dine Brands Global from $75.00 to $85.00 and gave the company an “outperform” rating in a research note on Tuesday, January 26th. Finally, Sidoti assumed coverage on Dine Brands Global in a research note on Monday, November 30th. They issued a “buy” rating for the company. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $79.57.
Shares of NYSE:DIN traded down $2.02 on Tuesday, hitting $78.79. The company had a trading volume of 340,034 shares, compared to its average volume of 394,970. The stock has a 50 day moving average price of $71.97 and a 200 day moving average price of $62.54. The stock has a market cap of $1.29 billion, a price-to-earnings ratio of -17.35 and a beta of 2.02. Dine Brands Global has a 1-year low of $14.16 and a 1-year high of $104.46.
In other Dine Brands Global news, SVP Bryan R. Adel sold 11,805 shares of Dine Brands Global stock in a transaction dated Thursday, January 14th. The stock was sold at an average price of $71.03, for a total transaction of $838,509.15. Following the completion of the transaction, the senior vice president now owns 22,425 shares of the company’s stock, valued at approximately $1,592,847.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Bryan R. Adel sold 10,592 shares of Dine Brands Global stock in a transaction dated Wednesday, February 10th. The shares were sold at an average price of $78.56, for a total value of $832,107.52. Following the transaction, the senior vice president now directly owns 21,212 shares of the company’s stock, valued at approximately $1,666,414.72. The disclosure for this sale can be found here. 2.75% of the stock is owned by company insiders.
Hedge funds have recently bought and sold shares of the business. US Bancorp DE grew its holdings in Dine Brands Global by 61.9% during 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 in the last quarter. Freedman Financial Associates Inc. bought a new stake in shares of Dine Brands Global during the 4th quarter valued at about $29,000. Fifth Third Bancorp bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $33,000. NEXT Financial Group Inc bought a new stake in shares of Dine Brands Global during the 3rd quarter valued at about $55,000. Finally, Truvestments Capital LLC bought a new stake in shares of Dine Brands Global during the 4th quarter valued at about $63,000. 85.43% of the stock is owned by institutional investors and hedge funds.
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.
Further Reading: Analyst Ratings Trading
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.