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.
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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