Dine Brands Global Inc (NYSE:DIN) SVP Bryan R. Adel sold 10,488 shares of the business’s stock in a transaction on Thursday, September 6th. The shares were sold at an average price of $89.50, for a total transaction of $938,676.00. Following the sale, the senior vice president now owns 26,895 shares of the company’s stock, valued at approximately $2,407,102.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
DIN stock traded down $0.72 during trading on Friday, hitting $91.68. 685,119 shares of the company’s stock traded hands, compared to its average volume of 304,687. The company has a debt-to-equity ratio of -6.10, a current ratio of 1.26 and a quick ratio of 1.26. Dine Brands Global Inc has a 52 week low of $37.11 and a 52 week high of $95.00. The firm has a market cap of $1.64 billion, a price-to-earnings ratio of 22.09 and a beta of 0.07.
Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 1st. The restaurant operator reported $1.03 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.05. Dine Brands Global had a negative net margin of 50.50% and a negative return on equity of 35.19%. The firm had revenue of $184.47 million during the quarter, compared to analyst estimates of $186.92 million. During the same quarter in the previous year, the firm earned $1.34 earnings per share. The firm’s revenue for the quarter was down 2.2% compared to the same quarter last year. analysts expect that Dine Brands Global Inc will post 5.36 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 5th. Stockholders of record on Thursday, September 20th will be issued a dividend of $0.63 per share. This represents a $2.52 annualized dividend and a dividend yield of 2.75%. The ex-dividend date of this dividend is Wednesday, September 19th. Dine Brands Global’s dividend payout ratio (DPR) is 60.72%.
Several institutional investors and hedge funds have recently made changes to their positions in DIN. Victory Capital Management Inc. acquired a new position in shares of Dine Brands Global during the second quarter valued at $46,074,000. Wells Fargo & Company MN boosted its holdings in shares of Dine Brands Global by 44.9% during the first quarter. Wells Fargo & Company MN now owns 848,985 shares of the restaurant operator’s stock valued at $55,677,000 after acquiring an additional 263,073 shares during the period. Millennium Management LLC boosted its holdings in shares of Dine Brands Global by 156.2% during the first quarter. Millennium Management LLC now owns 275,019 shares of the restaurant operator’s stock valued at $18,036,000 after acquiring an additional 167,678 shares during the period. BlackRock Inc. boosted its holdings in shares of Dine Brands Global by 5.9% during the second quarter. BlackRock Inc. now owns 2,384,966 shares of the restaurant operator’s stock valued at $178,396,000 after acquiring an additional 133,181 shares during the period. Finally, Engineers Gate Manager LP acquired a new position in shares of Dine Brands Global during the first quarter valued at $4,559,000. 97.14% of the stock is owned by institutional investors.
DIN has been the subject of several recent research reports. Zacks Investment Research lowered shares of Dine Brands Global from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Maxim Group reiterated a “buy” rating and set a $101.00 target price (up previously from $95.00) on shares of Dine Brands Global in a research note on Wednesday, August 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $91.67.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.
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