Dine Brands Global (NYSE:DIN) Director Douglas Pasquale Buys 2,000 Shares

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale purchased 2,000 shares of Dine Brands Global stock in a transaction dated Thursday, March 12th. The shares were acquired at an average cost of $28.25 per share, with a total value of $56,500.00. Following the transaction, the director directly owned 31,469 shares in the company, valued at approximately $888,999.25. The trade was a 6.79% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Dine Brands Global Price Performance

Shares of DIN traded down $1.36 on Thursday, reaching $28.13. The company’s stock had a trading volume of 355,064 shares, compared to its average volume of 435,995. The stock’s 50 day simple moving average is $33.90 and its two-hundred day simple moving average is $29.80. The stock has a market capitalization of $367.11 million, a P/E ratio of 29.00 and a beta of 0.96. Dine Brands Global, Inc. has a 12-month low of $18.63 and a 12-month high of $39.68.

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

Dine Brands Global Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be given a $0.19 dividend. The ex-dividend date is Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a yield of 2.7%. Dine Brands Global’s dividend payout ratio is presently 78.35%.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently made changes to their positions in the business. Royal Bank of Canada raised its position in shares of Dine Brands Global by 10.7% during the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after buying an additional 6,908 shares in the last quarter. Millennium Management LLC lifted its holdings in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Savant Capital LLC purchased a new position in Dine Brands Global in the second quarter worth about $347,000. Los Angeles Capital Management LLC purchased a new position in Dine Brands Global in the second quarter worth about $330,000. Finally, Geode Capital Management LLC increased its stake in Dine Brands Global by 1.6% during the second quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock worth $8,954,000 after acquiring an additional 5,717 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIN. UBS Group cut their price objective on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Mizuho increased their price objective on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. Barclays decreased their price objective on shares of Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, February 26th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Finally, Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. One research analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $30.17.

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.