Insider Buying: Dine Brands Global (NYSE:DIN) Director Purchases 3,600 Shares of Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Richard Dahl bought 3,600 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The shares were acquired at an average cost of $27.47 per share, with a total value of $98,892.00. Following the completion of the purchase, the director owned 3,600 shares of the company’s stock, valued at approximately $98,892. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.

Dine Brands Global Price Performance

Shares of NYSE:DIN traded down $0.09 on Monday, reaching $28.32. 516,299 shares of the company traded hands, compared to its average volume of 564,576. The stock has a market capitalization of $408.53 million, a PE ratio of 9.44 and a beta of 1.04. The company’s 50 day moving average is $25.96 and its 200-day moving average is $24.68. Dine Brands Global, Inc. has a fifty-two week low of $18.63 and a fifty-two week high of $35.99.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09). The company had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.The company’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.44 EPS. As a group, analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current year.

Dine Brands Global Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be issued a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.7%. Dine Brands Global’s payout ratio is currently 33.93%.

Wall Street Analyst Weigh In

A number of research firms recently commented on DIN. KeyCorp raised their price objective on shares of Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research note on Monday, October 20th. Weiss Ratings restated a “sell (d+)” rating on shares of Dine Brands Global in a report on Wednesday, October 8th. Sanford C. Bernstein set a $29.00 target price on Dine Brands Global in a research report on Wednesday, October 22nd. Zacks Research downgraded Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, November 4th. Finally, Barclays reduced their price objective on Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a research note on Thursday, November 6th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of “Reduce” and a consensus target price of $26.43.

Institutional Trading of Dine Brands Global

A number of institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC acquired a new position in Dine Brands Global in the 3rd quarter worth about $27,000. Mountain Hill Investment Partners Corp. grew its stake in shares of Dine Brands Global by 33.3% in the 2nd quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 500 shares in 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. Tower Research Capital LLC TRC increased its holdings in Dine Brands Global by 307.6% in the second 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. Finally, Quadrant Capital Group LLC acquired a new position in Dine Brands Global in the third quarter worth approximately $87,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.