Dine Brands Global (NYSE:DIN) Director Howard Berk Purchases 4,082 Shares

Dine Brands Global, Inc. (NYSE:DIN) Director Howard Berk acquired 4,082 shares of the firm’s stock in a transaction that occurred on Friday, November 7th. The stock was acquired at an average price of $24.50 per share, for a total transaction of $100,009.00. Following the completion of the transaction, the director directly owned 41,947 shares in the company, valued at approximately $1,027,701.50. This represents a 10.78% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Dine Brands Global Trading Up 2.1%

NYSE:DIN opened at $24.89 on Friday. The company has a market capitalization of $358.98 million, a P/E ratio of 8.30 and a beta of 1.04. The firm has a 50-day moving average price of $25.41 and a two-hundred day moving average price of $24.21. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $37.20.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The business had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. During the same period last year, the company earned $1.44 EPS. The firm’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, equities research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Shareholders of record on Tuesday, December 23rd will be given a dividend of $0.19 per share. The ex-dividend date of this dividend is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a yield of 3.1%. Dine Brands Global’s dividend payout ratio (DPR) is presently 33.93%.

Wall Street Analyst Weigh In

Several brokerages have recently issued reports on DIN. Sanford C. Bernstein set a $29.00 price objective on Dine Brands Global in a research report on Wednesday, October 22nd. KeyCorp upped their target price 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. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday. Mizuho raised shares of Dine Brands Global to a “hold” rating in a research report on Tuesday, October 28th. Finally, Barclays decreased their target price on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Thursday. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $27.88.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently made changes to their positions in the stock. Mountain Hill Investment Partners Corp. increased its holdings in shares of Dine Brands Global by 50.0% during the 1st quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator’s stock worth $35,000 after buying an additional 500 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after acquiring an additional 1,578 shares during the period. AdvisorShares Investments LLC grew its position in Dine Brands Global by 36.7% during the second quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator’s stock valued at $109,000 after acquiring an additional 1,200 shares during the period. Osaic Holdings Inc. increased its stake in Dine Brands Global by 544.8% during the second quarter. Osaic Holdings Inc. now owns 7,235 shares of the restaurant operator’s stock worth $176,000 after acquiring an additional 6,113 shares during the last quarter. Finally, CWM LLC raised its holdings in shares of Dine Brands Global by 215.5% in the 1st quarter. CWM LLC now owns 7,620 shares of the restaurant operator’s stock worth $177,000 after purchasing an additional 5,205 shares during the period. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.