Key Points
- Director Douglas Pasquale bought 2,000 shares on March 12 at $28.25 each ($56,500), bringing his total to 31,469 shares — a 6.79% increase in his ownership, disclosed in an SEC filing.
- Dine Brands beat quarterly EPS expectations ($1.46 vs. $1.10) with revenue up 6.3% year-over-year, but reported a low net margin (1.88%) and negative ROE; the company also declared a $0.19 quarterly dividend (2.7% yield, 78.35% payout ratio).
- The stock traded around $27.82, carries a consensus “Hold” rating with a $30.17 price target, and shows heavy institutional ownership (92.83%) alongside recent sizable inflows from funds like Millennium and the Healthcare of Ontario Pension Plan.
Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Douglas Pasquale purchased 1,000 shares of Dine Brands Global stock in a transaction dated Tuesday, March 10th. The shares were bought at an average cost of $29.00 per share, for a total transaction of $29,000.00. Following the transaction, the director directly owned 29,469 shares of the company's stock, valued at approximately $854,601. The trade was a 3.51% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Dine Brands Global Trading Down 1.2%
Dine Brands Global stock traded down $0.34 during midday trading on Friday, hitting $27.78. The stock had a trading volume of 194,805 shares, compared to its average volume of 424,957. The business has a fifty day moving average price of $33.90 and a 200 day moving average price of $29.80. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $39.68. The stock has a market cap of $362.50 million, a P/E ratio of 28.64 and a beta of 0.96.
Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 EPS for the quarter, topping analysts' consensus estimates of $1.10 by $0.36. The company had revenue of $217.57 million for the quarter, compared to the consensus estimate of $226.27 million. Dine Brands Global had a negative return on equity of 27.12% and a net margin of 1.88%.During the same quarter last year, the business posted $0.87 EPS. Dine Brands Global's quarterly revenue was up 6.3% compared to the same quarter last year. On average, equities analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.
Dine Brands Global Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global's payout ratio is currently 78.35%.
Institutional Trading of Dine Brands Global
Large investors have recently added to or reduced their stakes in the business. Corient Private Wealth LLC raised its stake in Dine Brands Global by 22.3% during the 4th quarter. Corient Private Wealth LLC now owns 22,653 shares of the restaurant operator's stock valued at $728,000 after acquiring an additional 4,124 shares in the last quarter. Invesco Ltd. lifted its holdings in Dine Brands Global by 31.5% in the fourth quarter. Invesco Ltd. now owns 97,241 shares of the restaurant operator's stock worth $3,125,000 after purchasing an additional 23,277 shares during the period. State of Tennessee Department of Treasury acquired a new position in Dine Brands Global during the 4th quarter valued at about $194,000. Garton & Associates Financial Advisors LLC bought a new stake in shares of Dine Brands Global during the 4th quarter worth about $26,000. Finally, XTX Topco Ltd increased its stake in shares of Dine Brands Global by 391.3% during the fourth quarter. XTX Topco Ltd now owns 87,958 shares of the restaurant operator's stock valued at $2,827,000 after acquiring an additional 70,054 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on DIN shares. UBS Group dropped their target price on shares of Dine Brands Global from $35.00 to $33.00 and set a "neutral" rating on the stock in a report on Thursday, February 26th. Mizuho increased their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a "neutral" rating in a research note on Friday, January 9th. Weiss Ratings reissued a "hold (c-)" rating on shares of Dine Brands Global in a report on Monday, December 29th. Barclays lowered their target price on Dine Brands Global from $40.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, February 26th. Finally, Zacks Research downgraded Dine Brands Global from a "hold" rating to a "strong sell" rating in a report on Friday, January 30th. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $30.17.
Check Out Our Latest Report on Dine Brands Global
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.
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