Key Points
- Director Richard Dahl bought 3,600 shares on Nov. 21 at an average price of $27.47, a transaction valued at $98,892 disclosed in an SEC filing.
- Quarterly results missed expectations: Dine Brands reported EPS of $0.73 vs. $0.82 consensus and revenue of $216.17M vs. $221.61M, with a 5.4% net margin and a negative ROE of 31.66%.
- The company announced a quarterly dividend of $0.19 per share (annualized $0.76), payable Jan. 7 with record/ex-dividend date on Dec. 23, implying a yield of about 2.7%.
Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Richard Dahl bought 3,600 shares of Dine Brands Global stock in a transaction dated Friday, November 21st. The stock was acquired at an average price of $27.47 per share, with a total value of $98,892.00. Following the completion of the transaction, the director directly owned 3,600 shares of the company's stock, valued at approximately $98,892. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.
Dine Brands Global Trading Down 0.3%
DIN opened at $28.32 on Tuesday. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $35.99. The firm has a market capitalization of $408.53 million, a PE ratio of 9.44 and a beta of 1.04. The firm's 50-day moving average price is $26.04 and its 200 day moving average price is $24.72.
Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts' consensus estimates of $0.82 by ($0.09). The business had revenue of $216.17 million during the quarter, compared to analyst estimates of $221.61 million. Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The firm's revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.44 EPS. As a group, analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.
Dine Brands Global Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.7%. Dine Brands Global's payout ratio is 33.93%.
Institutional Inflows and Outflows
A number of large investors have recently bought and sold shares of DIN. Millennium Management LLC increased its position in shares of Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Nomura Holdings Inc. purchased a new position in shares of Dine Brands Global during the 3rd quarter worth approximately $4,175,000. Maverick Capital Ltd. purchased a new position in shares of Dine Brands Global during the 1st quarter worth approximately $3,602,000. Landscape Capital Management L.L.C. increased its holdings in Dine Brands Global by 670.2% in the 1st quarter. Landscape Capital Management L.L.C. now owns 127,451 shares of the restaurant operator's stock valued at $2,966,000 after purchasing an additional 110,903 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Dine Brands Global by 10.8% in the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator's stock valued at $25,742,000 after purchasing an additional 101,304 shares during the period. Institutional investors and hedge funds own 92.83% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have issued reports on DIN shares. Zacks Research downgraded Dine Brands Global from a "hold" rating to a "strong sell" rating in a research note on Tuesday, November 4th. KeyCorp upped their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Monday, October 20th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Dine Brands Global in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $29.00 target price on shares of Dine Brands Global in a report on Wednesday, October 22nd. Finally, Barclays cut their price target on shares of Dine Brands Global from $29.00 to $26.00 and set an "equal weight" rating for the company in a report on Thursday, November 6th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and a consensus price target of $26.43.
Read Our Latest Report on Dine Brands Global
About Dine Brands Global
(
Get Free Report)
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.
Further Reading
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