Dine Brands Global (NYSE:DIN) Director Douglas Pasquale Buys 1,000 Shares
by Scott Moore · The Cerbat GemDine Brands Global, Inc. (NYSE:DIN – Get Free Report) Director Douglas Pasquale acquired 1,000 shares of the business’s stock in a transaction on Friday, March 13th. The stock was purchased at an average cost of $27.75 per share, with a total value of $27,750.00. Following the acquisition, the director directly owned 32,469 shares of the company’s stock, valued at $901,014.75. This represents a 3.18% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.
Dine Brands Global Trading Down 1.1%
Shares of Dine Brands Global stock traded down $0.32 during trading hours on Monday, reaching $27.61. The stock had a trading volume of 329,364 shares, compared to its average volume of 422,819. The stock’s 50 day moving average is $33.66 and its 200 day moving average is $29.98. Dine Brands Global, Inc. has a twelve month low of $18.63 and a twelve month high of $39.68. The firm has a market capitalization of $360.35 million, a PE ratio of 28.47 and a beta of 0.96.
Dine Brands Global (NYSE:DIN – Get Free Report) last posted its earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 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 firm had revenue of $217.57 million for the quarter, compared to analysts’ expectations of $226.27 million. During the same period last year, the firm earned $0.87 EPS. The company’s quarterly revenue was up 6.3% on a year-over-year basis. As a group, sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.
Dine Brands Global Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Shareholders of record on Wednesday, March 18th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global’s dividend payout ratio (DPR) is presently 78.35%.
Analysts Set New Price Targets
Several research analysts have recently weighed in on the company. Barclays reduced their target price on 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. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. 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. Finally, UBS Group cut their target price on shares of 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. One equities research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $30.17.
View Our Latest Stock Analysis on DIN
Hedge Funds Weigh In On Dine Brands Global
Several hedge funds and other institutional investors have recently modified their holdings of DIN. AdvisorShares Investments LLC boosted its position in Dine Brands Global by 8.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock worth $121,000 after acquiring an additional 284 shares during the last quarter. Quadrant Capital Group LLC raised its holdings in Dine Brands Global by 8.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 309 shares during the last quarter. Financial Management Professionals Inc. lifted its stake in Dine Brands Global by 45.4% in the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after purchasing an additional 326 shares in the last quarter. Russell Investments Group Ltd. lifted its stake in Dine Brands Global by 1.2% in the 4th quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock worth $909,000 after purchasing an additional 326 shares in the last quarter. Finally, Garton & Associates Financial Advisors LLC acquired a new position in shares of Dine Brands Global during the 4th quarter worth approximately $26,000. 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.
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