Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Douglas Pasquale acquired 1,000 shares of the firm's stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average cost of $27.75 per share, for a total transaction of $27,750.00. Following the purchase, the director owned 32,469 shares of the company's stock, valued at approximately $901,014.75. The trade was a 3.18% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
Dine Brands Global Trading Down 1.1%
Shares of DIN stock opened at $27.61 on Tuesday. The firm has a 50-day moving average price of $33.66 and a 200 day moving average price of $29.98. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $39.68. The company has a market capitalization of $360.35 million, a price-to-earnings ratio of 28.47 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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.10 by $0.36. The company had revenue of $217.57 million for 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%. The firm's quarterly revenue was up 6.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.87 EPS. As a group, research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.
Dine Brands Global Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Wednesday, March 18th will be paid a dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.8%. Dine Brands Global's dividend payout ratio is presently 78.35%.
Wall Street Analyst Weigh In
Several research firms have commented on DIN. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dine Brands Global in a research note on Monday, December 29th. UBS Group reduced their price target on 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. Barclays decreased their price objective on Dine Brands Global from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. Zacks Research lowered Dine Brands Global from a "hold" rating to a "strong sell" rating in a research note on Friday, January 30th. Finally, Benchmark reiterated a "hold" rating on shares of Dine Brands Global in a research report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, Dine Brands Global presently has an average rating of "Hold" and a consensus target price of $30.17.
Read Our Latest Analysis on Dine Brands Global
Institutional Investors Weigh In On Dine Brands Global
A number of large investors have recently added to or reduced their stakes in DIN. Olstein Capital Management L.P. boosted its stake in Dine Brands Global by 21.4% during the 3rd quarter. Olstein Capital Management L.P. now owns 310,711 shares of the restaurant operator's stock valued at $7,681,000 after acquiring an additional 54,711 shares during the last quarter. SummerHaven Investment Management LLC acquired a new stake in shares of Dine Brands Global in the 3rd quarter valued at about $837,000. SG Americas Securities LLC bought a new position in shares of Dine Brands Global during the third quarter worth about $1,983,000. Creative Planning lifted its position in shares of Dine Brands Global by 61.3% during the second quarter. Creative Planning now owns 40,786 shares of the restaurant operator's stock worth $992,000 after purchasing an additional 15,497 shares during the last quarter. Finally, Los Angeles Capital Management LLC acquired a new position in Dine Brands Global in the second quarter worth about $330,000. 92.83% of the stock is owned by institutional investors and hedge funds.
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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