Dine Brands Global (NYSE:DIN) Director Purchases $29,000.00 in Stock

Key Points

• Director Douglas Pasquale purchased 1,000 shares at $29.00 each on March 10th for a total of $29,000, raising his stake to 29,469 shares (a 3.51% increase) per the SEC filing.
• EPS beat but stock slipped: Dine Brands reported $1.46 EPS vs. $1.10 expected (revenue missed), yet the stock fell about 4.6% to $28.13 and carries an average analyst rating of "Hold" with a $30.17 price target.
• Dividend announced: A quarterly dividend of $0.19 (annualized $0.76) was declared with an ex-dividend date of March 18 and a yield of roughly 2.7% (DPR ~78.35%).

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) Director Douglas Pasquale bought 1,000 shares of the business's stock in a transaction that occurred on Tuesday, March 10th. The shares were acquired at an average price of $29.00 per share, with a total value of $29,000.00. Following the transaction, the director directly owned 29,469 shares of the company's stock, valued at $854,601. This represents a 3.51% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Dine Brands Global Stock Down 4.6%

NYSE DIN traded down $1.36 during trading hours on Thursday, reaching $28.13. The company's stock had a trading volume of 355,064 shares, compared to its average volume of 435,995. The firm's 50-day moving average price is $33.90 and its 200-day moving average price is $29.80. Dine Brands Global, Inc. has a 1 year low of $18.63 and a 1 year high of $39.68. The company has a market capitalization of $367.11 million, a price-to-earnings ratio of 29.00 and a beta of 0.96.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data 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. The business had revenue of $217.57 million during the quarter, compared to analyst estimates of $226.27 million. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The company's revenue was up 6.3% on a year-over-year basis. During the same period last year, the firm posted $0.87 EPS. Equities research analysts anticipate that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, April 10th. Investors of record on Wednesday, March 18th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.7%. The ex-dividend date of this dividend is Wednesday, March 18th. Dine Brands Global's dividend payout ratio (DPR) is presently 78.35%.

Analyst Ratings Changes

DIN has been the topic of several research analyst reports. UBS Group decreased their price target on shares of Dine Brands Global from $35.00 to $33.00 and set a "neutral" rating on the stock in a research note on Thursday, February 26th. Zacks Research downgraded Dine Brands Global from a "hold" rating to a "strong sell" rating in a research report on Friday, January 30th. Mizuho raised their price target on Dine Brands Global from $28.00 to $34.00 and gave the company a "neutral" rating in a report on Friday, January 9th. Barclays decreased their price objective on Dine Brands Global from $40.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday, February 26th. Finally, Benchmark reissued a "hold" rating on shares of Dine Brands Global in a report on Monday, March 2nd. One equities research analyst has rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $30.17.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in DIN. Garton & Associates Financial Advisors LLC purchased a new position in Dine Brands Global in the fourth quarter worth about $26,000. Advisory Services Network LLC purchased a new stake in Dine Brands Global during the third quarter valued at approximately $27,000. Financial Management Professionals Inc. lifted its stake in shares of 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 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 bought a new stake in shares of Dine Brands Global in the 3rd quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC boosted its holdings 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 purchasing an additional 1,578 shares during the period. Institutional investors own 92.83% of the company's stock.

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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