Dine Brands Global (NYSE:DIN) Director Douglas Pasquale Purchases 500 Shares

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale acquired 500 shares of the business’s stock in a transaction on Monday, March 9th. The shares were bought at an average price of $30.00 per share, with a total value of $15,000.00. Following the completion of the transaction, the director directly owned 23,522 shares of the company’s stock, valued at approximately $705,660. The trade was a 2.17% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Dine Brands Global Stock Down 1.9%

Shares of Dine Brands Global stock traded down $0.61 on Monday, hitting $30.97. The stock had a trading volume of 545,449 shares, compared to its average volume of 410,713. The stock has a market cap of $404.21 million, a price-to-earnings ratio of 31.93 and a beta of 0.96. The business’s 50 day moving average is $34.09 and its two-hundred day moving average is $29.77. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $39.68.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $217.57 million during the quarter, compared to the consensus estimate of $226.27 million. During the same period in the previous year, the company posted $0.87 EPS. The firm’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Wednesday, March 18th will be paid a $0.19 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. Dine Brands Global’s dividend payout ratio is 78.35%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. Zacks Research cut shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Friday, January 30th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. UBS Group cut their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Barclays lowered their price objective on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, February 26th. Finally, Mizuho upped their target price on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. One analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.17.

Institutional Investors Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada increased its stake in shares of Dine Brands Global by 10.7% in the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after purchasing an additional 6,908 shares during the last quarter. Millennium Management LLC grew its position in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Savant Capital LLC acquired a new position in Dine Brands Global during the second quarter worth about $347,000. Los Angeles Capital Management LLC bought a new position in shares of Dine Brands Global in the second quarter worth about $330,000. Finally, Geode Capital Management LLC boosted its stake in shares of Dine Brands Global by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock valued at $8,954,000 after purchasing an additional 5,717 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors.

Dine Brands Global Company Profile

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.