Dine Brands Global (NYSE:DIN) Hits New 52-Week Low After Earnings Miss

Shares of Dine Brands Global, Inc. (NYSE:DIN) reached a new 52-week low during mid-day trading on Wednesday following a weaker than expected earnings announcement. The company traded as low as $41.29 and last traded at $41.29, with a volume of 16417 shares traded. The stock had previously closed at $43.58.

The restaurant operator reported $1.33 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.59 by ($0.26). Dine Brands Global had a negative return on equity of 37.72% and a net margin of 11.69%. The firm had revenue of $206.24 million for the quarter, compared to analyst estimates of $210.54 million. During the same period in the previous year, the company posted $1.97 EPS. Dine Brands Global’s revenue was down 3.5% on a year-over-year basis.

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 5th. Investors of record on Wednesday, March 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 4.74%. The ex-dividend date was Tuesday, March 19th. Dine Brands Global’s payout ratio is 32.74%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on DIN shares. Truist Financial increased their target price on Dine Brands Global from $70.00 to $74.00 and gave the stock a “buy” rating in a research note on Thursday, February 29th. Benchmark increased their price target on Dine Brands Global from $63.00 to $68.00 and gave the company a “buy” rating in a research report on Monday, March 4th. Barclays dropped their price objective on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating on the stock in a report on Thursday. KeyCorp dropped their price objective on Dine Brands Global from $57.00 to $52.00 and set an “overweight” rating on the stock in a report on Tuesday, April 9th. Finally, Piper Sandler dropped their price objective on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a report on Thursday. Two investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, Dine Brands Global presently has a consensus rating of “Moderate Buy” and a consensus target price of $58.57.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the stock. Quarry LP boosted its stake in shares of Dine Brands Global by 207.2% in the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 489 shares in the last quarter. Headlands Technologies LLC boosted its stake in shares of Dine Brands Global by 438.7% in the first quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after buying an additional 623 shares in the last quarter. Longfellow Investment Management Co. LLC purchased a new stake in shares of Dine Brands Global in the fourth quarter valued at approximately $187,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dine Brands Global by 127.1% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,254 shares of the restaurant operator’s stock valued at $211,000 after buying an additional 2,381 shares in the last quarter. Finally, D.A. Davidson & CO. purchased a new stake in shares of Dine Brands Global in the third quarter valued at approximately $223,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Dine Brands Global Price Performance

The stock has a market capitalization of $665.25 million, a PE ratio of 6.91 and a beta of 1.68. The stock has a 50 day moving average of $45.47 and a two-hundred day moving average of $46.15.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.