Dine Brands Global Inc (NYSE:DIN) SVP Bryan R. Adel sold 983 shares of the firm’s stock in a transaction on Monday, March 5th. The stock was sold at an average price of $78.21, for a total value of $76,880.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of Dine Brands Global Inc (NYSE DIN) traded down $0.82 during midday trading on Wednesday, hitting $69.82. The stock had a trading volume of 559,858 shares, compared to its average volume of 442,505. The stock has a market capitalization of $1,341.38, a PE ratio of -3.81 and a beta of 0.10. Dine Brands Global Inc has a one year low of $36.71 and a one year high of $79.66. The company has a debt-to-equity ratio of -9.35, a quick ratio of 1.34 and a current ratio of 1.34.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Tuesday, February 20th. The restaurant operator reported $0.74 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.64 by $0.10. The company had revenue of $148.78 million during the quarter, compared to analyst estimates of $147.98 million. Dine Brands Global had a positive return on equity of 230.88% and a negative net margin of 54.71%. The firm’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company earned $1.37 earnings per share. analysts predict that Dine Brands Global Inc will post 5.09 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 6th. Investors of record on Monday, March 19th will be paid a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a yield of 3.61%. The ex-dividend date is Sunday, March 18th. Dine Brands Global’s dividend payout ratio is -21.16%.
Several brokerages have recently weighed in on DIN. Zacks Investment Research upgraded Dine Brands Global from a “sell” rating to a “hold” rating in a research report on Monday, January 15th. Standpoint Research reiterated a “hold” rating on shares of Dine Brands Global in a research report on Tuesday, February 27th. Raymond James Financial upgraded Dine Brands Global from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $36.71 to $85.00 in a research report on Monday, February 26th. ValuEngine cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Maxim Group reiterated a “buy” rating and issued a $87.00 price target (up from $62.00) on shares of Dine Brands Global in a research report on Tuesday, February 20th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $68.14.
A number of large investors have recently bought and sold shares of the stock. MetLife Investment Advisors LLC bought a new stake in Dine Brands Global during the fourth quarter valued at $436,000. Bramshill Investments LLC bought a new stake in Dine Brands Global during the fourth quarter valued at $1,217,000. LPL Financial LLC bought a new stake in Dine Brands Global during the fourth quarter valued at $207,000. Clearline Capital LP bought a new stake in Dine Brands Global during the fourth quarter valued at $364,000. Finally, Teachers Advisors LLC boosted its stake in Dine Brands Global by 3.1% during the fourth quarter. Teachers Advisors LLC now owns 32,753 shares of the restaurant operator’s stock valued at $1,662,000 after buying an additional 982 shares during the period. 96.90% of the stock is owned by institutional investors.
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About Dine Brands Global
Dine Brands Global, Inc, formerly DineEquity, Inc, through its subsidiaries, owns and franchises the Applebee’s Neighborhood Grill & Bar (Applebee’s) concept in the bar and grill segment within the casual dining category of the restaurant industry. The Company owns, franchises and operates the International House of Pancakes (IHOP) concept in the family dining category of the restaurant industry.
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