Dine Brands Global (NYSE:DIN) Director Douglas Pasquale Purchases 1,500 Shares

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale bought 1,500 shares of Dine Brands Global stock in a transaction that occurred on Monday, March 2nd. The shares were acquired at an average price of $30.04 per share, with a total value of $45,060.00. Following the completion of the transaction, the director owned 21,522 shares of the company’s stock, valued at $646,520.88. This represents a 7.49% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dine Brands Global Trading Up 0.9%

Shares of DIN traded up $0.27 during trading hours on Wednesday, reaching $31.19. 397,349 shares of the company’s stock traded hands, compared to its average volume of 416,671. Dine Brands Global, Inc. has a 12 month low of $18.63 and a 12 month high of $39.68. The stock has a market cap of $407.03 million, a PE ratio of 32.15 and a beta of 0.96. The firm’s 50 day simple moving average is $34.18 and its 200-day simple moving average is $29.50.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share for the quarter, beating analysts’ consensus estimates of $1.10 by $0.36. The business had revenue of $217.57 million for the quarter, compared to the consensus estimate of $226.27 million. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. Dine Brands Global’s quarterly revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.87 earnings per share. As a group, analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be paid a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global’s payout ratio is 78.35%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DIN. AdvisorShares Investments LLC boosted its position in shares of Dine Brands Global by 8.2% during the fourth 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 boosted its holdings in shares of 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 acquiring an additional 309 shares during the last quarter. Financial Management Professionals Inc. grew its stake in shares of Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 326 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of Dine Brands Global by 1.2% during the fourth quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock valued at $909,000 after purchasing an additional 326 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of Dine Brands Global during the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on DIN. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday. Barclays decreased their price objective on shares of Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Zacks Research cut shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. Finally, UBS Group dropped their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. One investment analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $29.57.

About Dine Brands Global

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.