Douglas Pasquale Buys 500 Shares of Dine Brands Global (NYSE:DIN) Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale purchased 500 shares of the stock in a transaction on Monday, March 9th. The stock was acquired at an average price of $30.00 per share, for a total transaction of $15,000.00. Following the completion of the purchase, the director directly owned 23,522 shares in the company, valued at approximately $705,660. The trade was a 2.17% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Dine Brands Global Trading Down 1.9%

Shares of Dine Brands Global stock traded down $0.61 during trading hours on Monday, reaching $30.97. 545,449 shares of the company’s stock were exchanged, compared to its average volume of 410,713. The company has a 50 day moving average of $34.09 and a two-hundred day moving average of $29.77. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The stock has a market cap of $404.21 million, a P/E ratio of 31.93 and a beta of 0.96.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.10 by $0.36. Dine Brands Global had a negative return on equity of 27.12% and a net margin of 1.88%.The business had revenue of $217.57 million for the quarter, compared to the consensus estimate of $226.27 million. During the same quarter in the previous year, the business earned $0.87 earnings per share. Dine Brands Global’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal 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 dividend of $0.19 per share. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.5%. Dine Brands Global’s payout ratio is 78.35%.

Institutional Investors Weigh In On Dine Brands Global

Large investors have recently added to or reduced their stakes in the business. Garton & Associates Financial Advisors LLC bought a new position in Dine Brands Global during the fourth quarter worth $26,000. Advisory Services Network LLC bought a new position in shares of Dine Brands Global in the third quarter valued at about $27,000. Financial Management Professionals Inc. lifted its stake 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. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Dine Brands Global during the 3rd quarter worth about $50,000. Finally, Tower Research Capital LLC TRC boosted 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 period. Institutional investors own 92.83% of the company’s stock.

Analyst Ratings Changes

DIN has been the subject of several recent analyst reports. Mizuho increased their price objective on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a report on Friday, January 9th. Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research report on Friday, January 30th. Barclays cut their price target on shares of Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, February 26th. UBS Group decreased their price objective on shares of 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. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average 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.