Dine Brands Global (NYSE:DIN) Director Buys $56,500.00 in Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale acquired 2,000 shares of the business’s stock in a transaction dated Thursday, March 12th. The stock was acquired at an average cost of $28.25 per share, with a total value of $56,500.00. Following the completion of the transaction, the director owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. The trade was a 6.79% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website.

Dine Brands Global Trading Down 0.5%

Shares of NYSE DIN opened at $27.97 on Friday. The company has a market capitalization of $364.96 million, a P/E ratio of 28.83 and a beta of 0.96. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $39.68. The stock has a 50 day moving average of $33.79 and a 200-day moving average of $29.89.

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

Dine Brands Global Dividend Announcement

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 given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.7%. Dine Brands Global’s dividend payout ratio is presently 78.35%.

Analysts Set New Price Targets

Several brokerages recently commented on DIN. UBS Group reduced their target price on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a report on Thursday, February 26th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Mizuho raised their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research report on Friday, January 9th. Zacks Research cut Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $30.17.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royal Bank of Canada boosted its stake in shares of Dine Brands Global by 10.7% in the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after buying an additional 6,908 shares during the period. Millennium Management LLC grew 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 buying an additional 172,013 shares in the last quarter. Savant Capital LLC bought a new position in Dine Brands Global during the 2nd quarter worth $347,000. Los Angeles Capital Management LLC bought a new position in Dine Brands Global during the 2nd quarter worth $330,000. Finally, Geode Capital Management LLC raised its holdings in 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 acquiring an additional 5,717 shares in the last quarter. 92.83% of the stock is currently 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.