Insider Buying: Dine Brands Global (NYSE:DIN) Director Acquires 1,500 Shares of Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale purchased 1,500 shares of the firm’s stock in a transaction that occurred on Monday, March 2nd. The stock was acquired at an average price of $30.04 per share, for a total transaction of $45,060.00. Following the completion of the purchase, the director owned 21,522 shares of the company’s stock, valued at approximately $646,520.88. This represents a 7.49% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Dine Brands Global Price Performance

Dine Brands Global stock traded up $0.27 during mid-day trading on Wednesday, reaching $31.19. The company had a trading volume of 397,349 shares, compared to its average volume of 416,671. The stock’s 50-day simple moving average is $34.18 and its 200-day simple moving average is $29.50. The company has a market capitalization of $407.03 million, a P/E ratio of 32.15 and a beta of 0.96. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.36. The firm had revenue of $217.57 million during the quarter, compared to analysts’ expectations of $226.27 million. Dine Brands Global had a negative return on equity of 27.12% and a net margin of 1.88%.Dine Brands Global’s revenue was up 6.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.4%. Dine Brands Global’s dividend payout ratio is currently 78.35%.

Analyst Ratings Changes

A number of research firms have recently issued reports on DIN. Zacks Research lowered 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. UBS Group cut 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 raised their price target on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research note on Friday, January 9th. Finally, Barclays cut their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $29.57.

Hedge Funds Weigh In On Dine Brands Global

A number of hedge funds have recently added to or reduced their stakes in DIN. Vanguard Group Inc. grew its stake in shares of Dine Brands Global by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock worth $25,742,000 after acquiring an additional 101,304 shares in the last quarter. Cibc World Market Inc. lifted its position in shares of Dine Brands Global by 14.0% during the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock valued at $26,393,000 after buying an additional 101,054 shares during the last quarter. Millennium Management LLC boosted its position in Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after purchasing an additional 172,013 shares during the period. Marshall Wace LLP raised its holdings in Dine Brands Global by 4.1% during the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator’s stock valued at $10,472,000 after acquiring an additional 16,970 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Dine Brands Global by 16.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock worth $12,130,000 after purchasing an additional 54,506 shares in the last quarter. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

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.