Insider Buying: 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 dated Friday, March 13th. The shares were purchased at an average price of $27.75 per share, with a total value of $27,750.00. Following the acquisition, the director owned 32,469 shares of the company’s stock, valued at approximately $901,014.75. This trade represents a 3.18% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Dine Brands Global Trading Down 1.6%

Dine Brands Global stock opened at $28.20 on Thursday. The company has a market capitalization of $368.00 million, a price-to-earnings ratio of 29.07 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’s 50 day moving average is $33.35 and its 200-day moving average is $30.00.

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

Dine Brands Global Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be issued 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 2.7%. Dine Brands Global’s dividend payout ratio (DPR) is currently 78.35%.

Analysts Set New Price Targets

A number of research firms recently commented on DIN. Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. Barclays decreased 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 research 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. Finally, 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. One equities research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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. Vanguard Group Inc. lifted its position in Dine Brands Global by 10.8% during the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock worth $25,742,000 after purchasing an additional 101,304 shares during the period. Cibc World Market Inc. raised its position in shares of Dine Brands Global by 14.0% in 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 in the last quarter. Millennium Management LLC raised its position in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares in the last quarter. Marshall Wace LLP lifted its holdings in shares of Dine Brands Global by 4.1% during the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator’s stock worth $10,472,000 after acquiring an additional 16,970 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of 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 acquiring an additional 54,506 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

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.