Dine Brands Global Inc (NYSE:DIN) Director Larry Alan Kay sold 400 shares of the business’s stock in a transaction on Wednesday, November 7th. The stock was sold at an average price of $90.32, for a total transaction of $36,128.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
DIN stock opened at $93.40 on Friday. The firm has a market capitalization of $1.61 billion, a P/E ratio of 22.51 and a beta of -0.06. Dine Brands Global Inc has a 12-month low of $42.05 and a 12-month high of $95.00.
Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.01. The business had revenue of $194.10 million for the quarter, compared to analyst estimates of $185.98 million. Dine Brands Global had a net margin of 19.41% and a negative return on equity of 40.87%. Dine Brands Global’s revenue for the quarter was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.91 earnings per share. Equities analysts expect that Dine Brands Global Inc will post 5.25 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be issued a $0.63 dividend. The ex-dividend date of this dividend is Wednesday, December 19th. This represents a $2.52 annualized dividend and a yield of 2.70%. Dine Brands Global’s payout ratio is 60.72%.
Hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp lifted its holdings in Dine Brands Global by 1.1% in the second quarter. Bank of New York Mellon Corp now owns 460,808 shares of the restaurant operator’s stock valued at $34,469,000 after buying an additional 5,162 shares during the period. Bank of America Corp DE raised its holdings in shares of Dine Brands Global by 56.0% during the second quarter. Bank of America Corp DE now owns 63,207 shares of the restaurant operator’s stock valued at $4,728,000 after purchasing an additional 22,680 shares during the period. Raymond James Financial Services Advisors Inc. acquired a new position in shares of Dine Brands Global during the second quarter valued at about $310,000. Victory Capital Management Inc. acquired a new position in shares of Dine Brands Global during the second quarter valued at about $46,074,000. Finally, State Board of Administration of Florida Retirement System raised its holdings in shares of Dine Brands Global by 69.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 6,638 shares of the restaurant operator’s stock valued at $497,000 after purchasing an additional 2,720 shares during the period.
Several research firms recently issued reports on DIN. ValuEngine upgraded shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Saturday. TheStreet upgraded shares of Dine Brands Global from a “d+” rating to a “c+” rating in a report on Friday, November 2nd. Zacks Investment Research lowered shares of Dine Brands Global from a “hold” rating to a “sell” rating in a report on Monday, November 5th. Maxim Group restated a “buy” rating and issued a $101.00 target price (up previously from $95.00) on shares of Dine Brands Global in a report on Wednesday, August 1st. Finally, Raymond James lowered shares of Dine Brands Global from a “strong-buy” rating to an “outperform” rating and boosted their target price for the company from $92.50 to $108.00 in a report on Monday, September 10th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $104.00.
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About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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