Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Douglas Pasquale purchased 500 shares of the stock in a transaction dated Monday, March 9th. The shares were bought at an average price of $30.00 per share, for a total transaction of $15,000.00. Following the completion of the acquisition, the director owned 23,522 shares in the company, valued at $705,660. This represents a 2.17% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Dine Brands Global Trading Down 1.9%
NYSE DIN opened at $30.97 on Tuesday. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $39.68. The firm's fifty day simple moving average is $34.09 and its 200-day simple moving average is $29.77. The company has a market capitalization of $404.21 million, a PE ratio of 31.93 and a beta of 0.96.
Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.36. Dine Brands Global had a negative return on equity of 27.12% and a net margin of 1.88%.The firm had revenue of $217.57 million during the quarter, compared to analysts' expectations of $226.27 million. During the same quarter last year, the firm earned $0.87 earnings per share. The business's revenue for the quarter was up 6.3% on a year-over-year basis. As a group, analysts predict that Dine Brands Global, Inc. will post 5.84 EPS for the current year.
Dine Brands Global Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, March 18th. Dine Brands Global's payout ratio is currently 78.35%.
Institutional Inflows and Outflows
A number of institutional investors have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC acquired a new stake in Dine Brands Global in the 4th quarter worth approximately $26,000. Financial Management Professionals Inc. boosted its position in Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator's stock worth $34,000 after purchasing an additional 326 shares during the period. Advisory Services Network LLC acquired a new position in Dine Brands Global during the third quarter valued at approximately $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Dine Brands Global during the third quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Dine Brands Global by 307.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock valued at $51,000 after purchasing an additional 1,578 shares during the period. 92.83% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on DIN. Weiss Ratings restated a "hold (c-)" rating on shares of Dine Brands Global in a report on Monday, December 29th. Barclays reduced their target price on shares of 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, March 2nd. UBS Group dropped their price target on shares of Dine Brands Global from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, February 26th. Finally, Zacks Research downgraded shares of Dine Brands Global from a "hold" rating to a "strong sell" rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $30.17.
Get Our Latest Stock Analysis on DIN
About Dine Brands Global
(
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.
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