Dine Brands Global (NYSE:DIN) Director Sells $51,984.00 in Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Michael Hyter sold 1,800 shares of the business’s stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $28.88, for a total value of $51,984.00. Following the sale, the director directly owned 9,315 shares in the company, valued at $269,017.20. This trade represents a 16.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $28.76 on Thursday. The business’s 50 day simple moving average is $28.03 and its 200-day simple moving average is $30.58. The firm has a market capitalization of $364.91 million, a price-to-earnings ratio of 28.47 and a beta of 0.94. Dine Brands Global, Inc. has a 12 month low of $19.58 and a 12 month high of $39.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.Dine Brands Global’s revenue was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $1.03 EPS. On average, equities analysts anticipate that Dine Brands Global, Inc. will post 4.62 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Wednesday, March 18th were given a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.6%. The ex-dividend date was Wednesday, March 18th. Dine Brands Global’s payout ratio is currently 75.25%.

Analysts Set New Price Targets

Several brokerages recently issued reports on DIN. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Barclays cut their price objective on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research report on Thursday, May 7th. 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 report on Thursday, February 26th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Finally, Mizuho cut their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dine Brands Global currently has a consensus rating of “Hold” and an average target price of $30.40.

Institutional Trading of Dine Brands Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter worth $26,000. Financial Management Professionals Inc. increased its holdings in shares of Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after buying an additional 326 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Dine Brands Global during the 3rd quarter worth $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new stake in shares of Dine Brands Global during the 3rd quarter worth $50,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after buying an additional 1,578 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.