Michael Hyter Sells 1,800 Shares of Dine Brands Global (NYSE:DIN) Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Michael Hyter sold 1,800 shares of the firm’s stock in a transaction 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 of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dine Brands Global Stock Up 1.8%

DIN stock opened at $29.59 on Wednesday. The business has a fifty day moving average of $28.06 and a two-hundred day moving average of $30.57. The stock has a market cap of $375.51 million, a price-to-earnings ratio of 29.30 and a beta of 0.94. Dine Brands Global, Inc. has a 52-week low of $19.58 and a 52-week high of $39.68.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The firm had revenue of $225.20 million during the quarter, compared to analyst estimates of $222.08 million. During the same period in the previous year, the firm posted $1.03 earnings per share. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dine Brands Global, Inc. will post 4.62 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th were paid a $0.19 dividend. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.6%. Dine Brands Global’s payout ratio is presently 75.25%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on DIN. Barclays dropped 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 note on Thursday, May 7th. UBS Group dropped 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. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Mizuho decreased their target price on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, April 2nd. Finally, KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Seven equities research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.40.

Institutional Trading of Dine Brands Global

A number of institutional investors have recently bought and sold shares of DIN. Garton & Associates Financial Advisors LLC purchased a new stake in Dine Brands Global during the 4th quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in Dine Brands Global during the 3rd quarter worth about $27,000. Financial Management Professionals Inc. lifted its holdings in 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new stake in Dine Brands Global during the 3rd quarter worth about $50,000. Finally, Tower Research Capital LLC TRC lifted its holdings in 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 owned by hedge funds and other institutional investors.

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.