Dine Brands Global (NYSE:DIN) Director Purchases $29,000.00 in Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale acquired 1,000 shares of the firm’s stock in a transaction on Tuesday, March 10th. The stock was acquired at an average cost of $29.00 per share, with a total value of $29,000.00. Following the acquisition, the director owned 29,469 shares of the company’s stock, valued at $854,601. This trade represents a 3.51% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dine Brands Global Price Performance

DIN stock opened at $27.97 on Friday. Dine Brands Global, Inc. has a 1-year low of $18.63 and a 1-year high of $39.68. The firm has a fifty day moving average price of $33.79 and a two-hundred day moving average price of $29.89. The firm has a market cap of $364.96 million, a price-to-earnings ratio of 28.83 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share for the quarter, topping analysts’ consensus estimates of $1.10 by $0.36. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The company had revenue of $217.57 million for the quarter, compared to analysts’ expectations of $226.27 million. During the same period in the prior year, the company earned $0.87 earnings per share. The firm’s revenue was up 6.3% compared to the same quarter last year. As a group, analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm 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 is Wednesday, March 18th. This represents a $0.76 annualized dividend and a yield of 2.7%. Dine Brands Global’s dividend payout ratio is 78.35%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. Barclays cut their target price on shares of 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. Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. UBS Group cut their price target on 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 boosted their price objective 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. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. One investment 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. Based on data from MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and an average price target of $30.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DIN. Royal Bank of Canada grew its position in 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 worth $1,662,000 after purchasing an additional 6,908 shares during the last quarter. Millennium Management LLC increased its stake in shares of 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 purchasing an additional 172,013 shares during the period. Savant Capital LLC bought a new stake in shares of Dine Brands Global during the second quarter valued at approximately $347,000. Los Angeles Capital Management LLC bought a new stake in shares of Dine Brands Global during the second quarter valued at approximately $330,000. Finally, Geode Capital Management LLC boosted its position in shares of Dine Brands Global by 1.6% during the second quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock worth $8,954,000 after buying an additional 5,717 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

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.