Key Points
- Director Douglas Pasquale bought 1,500 shares on March 2 at an average price of $30.04 (total ~$45,060), increasing his stake to 21,522 shares — a 7.49% boost in ownership.
- Dine Brands beat quarterly EPS estimates with $1.46 EPS vs. $1.10 expected and revenue grew 6.3% year-over-year to $217.6M, though revenue missed estimates and the company showed a slim net margin (1.88%) and a negative return on equity (27.12%).
- The company declared a quarterly dividend of $0.19 (annualized $0.76), yielding about 2.4%, with an ex-dividend date of March 18 and a payout ratio of 78.35%.
Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Douglas Pasquale purchased 1,500 shares of the stock in a transaction on Monday, March 2nd. The shares were purchased at an average cost of $30.04 per share, for a total transaction of $45,060.00. Following the acquisition, the director directly owned 21,522 shares of the company's stock, valued at approximately $646,520.88. This represents a 7.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Dine Brands Global Price Performance
Shares of NYSE DIN traded up $0.64 during mid-day trading on Thursday, reaching $31.86. The company's stock had a trading volume of 132,438 shares, compared to its average volume of 425,328. Dine Brands Global, Inc. has a 52 week low of $18.63 and a 52 week high of $39.68. The stock has a fifty day moving average of $34.18 and a two-hundred day moving average of $29.50. The firm has a market capitalization of $415.77 million, a PE ratio of 32.85 and a beta of 0.96.
Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share for the quarter, topping analysts' consensus estimates of $1.10 by $0.36. The firm had revenue of $217.57 million during the quarter, compared to analyst estimates of $226.27 million. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. Dine Brands Global's revenue for the quarter was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.87 earnings per share. Analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.
Dine Brands Global Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Wednesday, March 18th will be given a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, March 18th. Dine Brands Global's payout ratio is currently 78.35%.
Analyst Upgrades and Downgrades
Several analysts have recently issued reports on the company. Mizuho upped their price objective on Dine Brands Global from $28.00 to $34.00 and gave the stock a "neutral" rating in a report on Friday, January 9th. Barclays lowered their price objective on Dine Brands Global from $40.00 to $30.00 and set an "equal weight" rating for the company in a research note on Thursday, February 26th. Benchmark reissued a "hold" rating on shares of Dine Brands Global in a research report on Monday. UBS Group lowered their price target on Dine Brands Global from $35.00 to $33.00 and set a "neutral" rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Dine Brands Global in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Dine Brands Global has an average rating of "Hold" and a consensus target price of $29.57.
Check Out Our Latest Stock Analysis on Dine Brands Global
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its position in shares of Dine Brands Global by 10.8% during the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator's stock worth $25,742,000 after buying an additional 101,304 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Dine Brands Global by 14.0% in the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator's stock valued at $26,393,000 after purchasing an additional 101,054 shares in the last quarter. Millennium Management LLC lifted its position in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock worth $11,817,000 after purchasing an additional 172,013 shares during the period. Marshall Wace LLP boosted its stake in shares of Dine Brands Global by 4.1% during the second quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator's stock valued at $10,472,000 after purchasing an additional 16,970 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Dine Brands Global by 16.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator's stock worth $12,130,000 after buying an additional 54,506 shares in the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.
Dine Brands Global Company Profile
(
Get Free Report)
Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company's primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee's Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.
The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.
Further Reading
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