Michael Hyter Sells 1,800 Shares of Dine Brands Global (NYSE:DIN) Stock

Dine Brands Global, Inc. (NYSE:DIN) Director Michael Hyter sold 1,800 shares of the stock in a transaction that occurred on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the completion of the sale, the director owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. The trade was a 16.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dine Brands Global Stock Performance

Shares of NYSE:DIN traded up $0.72 during midday trading on Monday, hitting $29.10. 472,277 shares of the stock were exchanged, compared to its average volume of 406,101. The company has a market capitalization of $369.22 million, a PE ratio of 28.81 and a beta of 0.94. Dine Brands Global, Inc. has a 52-week low of $19.58 and a 52-week high of $39.68. The business’s fifty day simple moving average is $28.17 and its two-hundred day simple moving average is $30.55.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. Dine Brands Global’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.03 EPS. As a group, equities analysts anticipate that Dine Brands Global, Inc. will post 4.62 EPS for the current year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 10th. Investors of record on Wednesday, March 18th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, March 18th. This represents a $0.76 dividend on an annualized basis and a yield of 2.6%. Dine Brands Global’s dividend payout ratio (DPR) is presently 75.25%.

Wall Street Analysts Forecast Growth

DIN has been the subject of a number of research reports. UBS Group reduced their price objective on Dine Brands Global from $35.00 to $33.00 and set a “neutral” 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 research report on Monday, March 2nd. Mizuho reduced their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Finally, Barclays cut their price target on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dine Brands Global currently has a consensus rating of “Hold” and an average price target of $30.40.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC bought a new position in shares of Dine Brands Global during the 4th quarter valued at $26,000. Financial Management Professionals Inc. raised its holdings in shares of Dine Brands Global by 45.4% during 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 in the last quarter. Advisory Services Network LLC bought a new position in shares of Dine Brands Global during the 3rd quarter valued at $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in shares of Dine Brands Global during the 3rd quarter valued at $50,000. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Dine Brands Global by 307.6% during the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after purchasing an additional 1,578 shares in the last quarter. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.