Dine Brands Global (NYSE:DIN) Director Michael Hyter Sells 1,800 Shares

Dine Brands Global, Inc. (NYSE:DIN) Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $28.88, for a total value of $51,984.00. Following the transaction, the director directly owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Dine Brands Global Trading Up 2.5%

Shares of DIN stock opened at $29.10 on Tuesday. The company has a market cap of $369.22 million, a price-to-earnings ratio of 28.81 and a beta of 0.94. The stock has a 50 day simple moving average of $28.08 and a 200-day simple moving average of $30.57. Dine Brands Global, Inc. has a 12-month low of $19.58 and a 12-month high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The business had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period last year, the company posted $1.03 earnings per share. On average, equities analysts forecast that Dine Brands Global, Inc. will post 4.62 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th were paid a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend was Wednesday, March 18th. Dine Brands Global’s dividend payout ratio is 75.25%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. UBS Group lowered 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. Barclays lowered their price target on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday. Finally, Mizuho lowered their price target on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Seven research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dine Brands Global has an average rating of “Hold” and an average target price of $30.40.

Institutional Investors Weigh In On Dine Brands Global

A number of large investors have recently bought and sold shares of the stock. AdvisorShares Investments LLC grew its holdings in Dine Brands Global by 8.2% during the 4th quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 284 shares during the last quarter. Quadrant Capital Group LLC grew its holdings in Dine Brands Global by 8.8% during the 4th quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 309 shares during the last quarter. Financial Management Professionals Inc. grew its holdings in Dine Brands Global by 45.4% during 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 last quarter. Russell Investments Group Ltd. grew its holdings in Dine Brands Global by 1.2% during the 4th quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock valued at $909,000 after buying an additional 326 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Dine Brands Global during the 4th quarter valued at $26,000. 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.