Dine Brands Global (NYSE:DIN) Director Acquires $45,060.00 in Stock

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

Dine Brands Global Price Performance

Shares of Dine Brands Global stock opened at $31.53 on Friday. The firm’s fifty day simple moving average is $34.12 and its 200-day simple moving average is $29.59. 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 capitalization of $411.47 million, a price-to-earnings ratio of 32.51 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) 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 company 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 posted $0.87 EPS. Dine Brands Global’s revenue for the quarter was up 6.3% on a year-over-year basis. Analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on DIN. UBS Group decreased their price target on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a 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. Mizuho increased their price target on shares of Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a report on Friday, January 9th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday. Finally, Barclays dropped their target price on 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. One research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.17.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Dine Brands Global during the 4th quarter worth approximately $26,000. Advisory Services Network LLC acquired a new position in Dine Brands Global during the third quarter worth $27,000. Financial Management Professionals Inc. grew its holdings in 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 valued at $34,000 after purchasing an additional 326 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in shares of Dine Brands Global during the 3rd quarter worth $50,000. Finally, Tower Research Capital LLC TRC boosted its position in shares of Dine Brands Global by 307.6% in 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 in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

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.