Dine Brands Global Reports Better Than Expected Q2 Results
<p><a href='https://financialmodelingprep.com/financial-summary/DIN'>Dine Brands Global, Inc. (NYSE:DIN)</a> reported its Q2 results last week, with EPS of $1.65 coming in slightly better than the Street estimate of $1.64. Revenue was $237.8 million, compared to the Street estimate of $236.41 million.</p>
<p>While management did not comment directly on Q3 trends, analysts at Deutsche Bank noted that the company was able to reiterate its full 2022-year adjusted EBITDA guidance range of $235-$250 million, which is clearly positive in this backdrop. </p>
<p>In addition, the analysts highlighted the fact that the company was active with its share repurchase program in Q2, repurchasing approximately 910,000 shares at an average price of $68.57.</p>
<p>The analysts lowered their price target on the company’s shares to $82 from $85, while maintaining their buy rating.</p>

NYSE:DIN