Key Points
- Director sale: Dine Brands Global director Michael Hyter sold 1,800 shares at $28.88 each, worth about $51,984, reducing his stake by 16.19%.
- Quarterly results missed EPS estimates: The company reported $0.88 EPS versus the $1.00 consensus, though revenue of $225.2 million came in above expectations and rose 4.8% year over year.
- Wall Street remains cautious: Analysts largely rate DIN a Hold, with a consensus price target of $30.40, while the stock also pays a quarterly dividend of $0.19 per share.
Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Michael Hyter sold 1,800 shares of the stock in a transaction on Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the sale, the director owned 9,315 shares in the company, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.
Dine Brands Global Stock Up 2.5%
DIN stock opened at $29.10 on Tuesday. Dine Brands Global, Inc. has a 52-week low of $19.58 and a 52-week high of $39.68. The stock's fifty day simple moving average is $28.08 and its 200-day simple moving average is $30.57. The stock has a market capitalization of $369.22 million, a price-to-earnings ratio of 28.81 and a beta of 0.94.
Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. During the same quarter last year, the business earned $1.03 EPS. Dine Brands Global's revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts anticipate that Dine Brands Global, Inc. will post 4.62 earnings per share for the current fiscal year.
Dine Brands Global Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th were issued a dividend of $0.19 per share. The ex-dividend date was Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. Dine Brands Global's dividend payout ratio (DPR) is 75.25%.
Analysts Set New Price Targets
Several research firms have recently issued reports on DIN. KeyCorp restated a "sector weight" rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Benchmark restated a "hold" rating on shares of Dine Brands Global in a report on Monday, March 2nd. Mizuho decreased their price objective on Dine Brands Global from $34.00 to $30.00 and set a "neutral" rating on the stock in a report on Thursday, April 2nd. Zacks Research upgraded Dine Brands Global from a "strong sell" rating to a "hold" rating in a report on Thursday, April 2nd. Finally, Barclays cut their target price on Dine Brands Global from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research report on Thursday. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.40.
Get Our Latest Analysis on DIN
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Dine Brands Global in the 4th quarter worth $26,000. Advisory Services Network LLC acquired a new stake in shares of Dine Brands Global during the third quarter valued at about $27,000. Financial Management Professionals Inc. grew its stake in shares of 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 valued at $34,000 after acquiring an additional 326 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Dine Brands Global during the third quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC increased its holdings in 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 buying an additional 1,578 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.
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.
See Also
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
