Dine Brands Global (NYSE:DIN) Director Buys $27,750.00 in Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale acquired 1,000 shares of Dine Brands Global stock in a transaction that occurred on Friday, March 13th. The shares were bought at an average price of $27.75 per share, for a total transaction of $27,750.00. Following the transaction, the director owned 32,469 shares of the company’s stock, valued at $901,014.75. This represents a 3.18% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

Dine Brands Global Trading Down 1.1%

NYSE DIN traded down $0.32 on Monday, reaching $27.61. 329,364 shares of the company were exchanged, compared to its average volume of 422,819. The business’s fifty day moving average price is $33.66 and its 200 day moving average price is $29.98. The stock has a market capitalization of $360.35 million, a P/E ratio of 28.47 and a beta of 0.96. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 last year, the company earned $0.87 EPS. The company’s revenue for the quarter was up 6.3% on a year-over-year basis. Equities research analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

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 given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.8%. The ex-dividend date is Wednesday, March 18th. Dine Brands Global’s dividend payout ratio (DPR) is presently 78.35%.

Analysts Set New Price Targets

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Garton & Associates Financial Advisors LLC purchased a new position in shares of Dine Brands Global during the fourth quarter worth $26,000. Financial Management Professionals Inc. raised its holdings in shares of Dine Brands Global by 45.4% in the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 326 shares during the period. Advisory Services Network LLC acquired a new position in Dine Brands Global during the 3rd quarter worth about $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in Dine Brands Global during the 3rd quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings in Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 1,578 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.