Dine Brands Global (NYSE:DIN) Director Martha Poulter Purchases 650 Shares

Dine Brands Global, Inc. (NYSE:DIN) Director Martha Poulter acquired 650 shares of the business’s stock in a transaction dated Friday, December 5th. The stock was bought at an average cost of $33.16 per share, with a total value of $21,554.00. Following the acquisition, the director owned 7,074 shares in the company, valued at $234,573.84. The trade was a 10.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Dine Brands Global Stock Up 3.3%

Shares of NYSE:DIN traded up $1.10 during midday trading on Monday, hitting $34.49. The stock had a trading volume of 492,790 shares, compared to its average volume of 564,427. The company has a market cap of $497.47 million, a P/E ratio of 15.40 and a beta of 0.91. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $35.17. The business’s 50-day simple moving average is $27.35 and its 200-day simple moving average is $25.19.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). Dine Brands Global had a net margin of 3.91% and a negative return on equity of 26.01%. The firm had revenue of $216.17 million during the quarter, compared to analyst estimates of $221.61 million. During the same quarter in the prior year, the business earned $1.44 EPS. The business’s revenue was up 10.8% compared to the same quarter last year. As a group, equities analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.93%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in DIN. GDS Wealth Management acquired a new stake in shares of Dine Brands Global during the 1st quarter worth approximately $609,000. Charles Schwab Investment Management Inc. raised its position in Dine Brands Global by 21.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 189,154 shares of the restaurant operator’s stock valued at $4,402,000 after purchasing an additional 33,731 shares in the last quarter. Nuveen LLC bought a new stake in Dine Brands Global during the first quarter worth $1,080,000. Ballentine Partners LLC acquired a new stake in shares of Dine Brands Global in the 2nd quarter valued at $259,000. Finally, Trexquant Investment LP boosted its holdings in shares of Dine Brands Global by 40.4% in the 1st quarter. Trexquant Investment LP now owns 129,616 shares of the restaurant operator’s stock valued at $3,016,000 after purchasing an additional 37,272 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIN. Barclays dropped their price objective on Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Thursday, November 6th. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Weiss Ratings upgraded Dine Brands Global from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Wednesday. Mizuho raised Dine Brands Global to a “hold” rating in a report on Tuesday, October 28th. Finally, KeyCorp upped their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the company an “overweight” rating in a report on Monday, October 20th. One research analyst has rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $26.43.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.