Larry Alan Kay Sells 400 Shares of Dine Brands Global Inc (DIN) Stock

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Dine Brands Global Inc (NYSE:DIN) Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction dated Wednesday, November 7th. The shares were sold at an average price of $90.32, for a total value of $36,128.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of NYSE DIN opened at $93.40 on Friday. The stock has a market capitalization of $1.61 billion, a PE ratio of 22.51 and a beta of -0.06. Dine Brands Global Inc has a fifty-two week low of $42.05 and a fifty-two week high of $95.00.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, October 31st. The restaurant operator reported $1.53 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.52 by $0.01. The company had revenue of $194.10 million during the quarter, compared to analysts’ expectations of $185.98 million. Dine Brands Global had a negative return on equity of 40.87% and a net margin of 19.41%. Dine Brands Global’s revenue for the quarter was up 11.0% compared to the same quarter last year. During the same quarter last year, the company earned $0.91 EPS. On average, sell-side analysts expect that Dine Brands Global Inc will post 5.25 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 4th. Investors of record on Thursday, December 20th will be issued a dividend of $0.63 per share. This represents a $2.52 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Wednesday, December 19th. Dine Brands Global’s payout ratio is currently 60.72%.

Institutional investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp grew its holdings in Dine Brands Global by 1.1% during the second quarter. Bank of New York Mellon Corp now owns 460,808 shares of the restaurant operator’s stock worth $34,469,000 after purchasing an additional 5,162 shares during the period. Bank of America Corp DE grew its holdings in Dine Brands Global by 56.0% during the second quarter. Bank of America Corp DE now owns 63,207 shares of the restaurant operator’s stock worth $4,728,000 after purchasing an additional 22,680 shares during the period. Raymond James Financial Services Advisors Inc. bought a new position in Dine Brands Global during the second quarter worth about $310,000. Victory Capital Management Inc. bought a new position in Dine Brands Global during the second quarter worth about $46,074,000. Finally, State Board of Administration of Florida Retirement System grew its holdings in Dine Brands Global by 69.4% during the second quarter. State Board of Administration of Florida Retirement System now owns 6,638 shares of the restaurant operator’s stock worth $497,000 after purchasing an additional 2,720 shares during the period.

DIN has been the subject of several analyst reports. Zacks Investment Research upgraded Dine Brands Global from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a report on Wednesday, August 22nd. Maxim Group restated a “buy” rating and issued a $101.00 price objective (up previously from $95.00) on shares of Dine Brands Global in a report on Wednesday, August 1st. ValuEngine upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a report on Saturday. TheStreet upgraded Dine Brands Global from a “d+” rating to a “c+” rating in a report on Friday, November 2nd. Finally, Raymond James cut Dine Brands Global from a “strong-buy” rating to an “outperform” rating and raised their price objective for the company from $92.50 to $108.00 in a report on Monday, September 10th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $104.00.

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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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Insider Buying and Selling by Quarter for Dine Brands Global (NYSE:DIN)

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