Dine Brands Global (NYSE:DIN) Director Douglas Pasquale Buys 1,500 Shares of Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Douglas Pasquale purchased 1,500 shares of Dine Brands Global stock in a transaction dated Monday, March 2nd. The stock was bought at an average price of $30.04 per share, with a total value of $45,060.00. Following the acquisition, the director directly owned 21,522 shares of the company’s stock, valued at approximately $646,520.88. This trade represents a 7.49% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Dine Brands Global Trading Up 2.0%

Shares of DIN stock traded up $0.64 on Thursday, hitting $31.86. 132,438 shares of the stock were exchanged, compared to its average volume of 425,328. The firm has a market capitalization of $415.77 million, a P/E ratio of 32.85 and a beta of 0.96. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $39.68. The business has a 50-day moving average of $34.18 and a 200 day moving average of $29.50.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, February 25th. The restaurant operator reported $1.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.10 by $0.36. Dine Brands Global had a net margin of 1.88% and a negative return on equity of 27.12%. The firm had revenue of $217.57 million for the quarter, compared to analyst estimates of $226.27 million. During the same period in the previous year, the business earned $0.87 EPS. The company’s revenue was up 6.3% compared to the same quarter last year. As a group, research analysts forecast that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th will be given a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, March 18th. This represents a $0.76 annualized dividend and a dividend yield of 2.4%. Dine Brands Global’s dividend payout ratio is presently 78.35%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Dine Brands Global by 10.8% during the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after acquiring an additional 101,304 shares during the last quarter. Cibc World Market Inc. boosted its stake in shares of Dine Brands Global by 14.0% during the 4th quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock worth $26,393,000 after acquiring an additional 101,054 shares during the last quarter. Millennium Management LLC grew its position in shares of Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the period. Marshall Wace LLP increased its stake in shares of Dine Brands Global by 4.1% in the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator’s stock worth $10,472,000 after purchasing an additional 16,970 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Dine Brands Global by 16.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock worth $12,130,000 after purchasing an additional 54,506 shares during the period. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Barclays dropped their target price on shares of Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Monday. Mizuho lifted their target price on Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Finally, Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Friday, January 30th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $29.57.

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.