Dine Brands Global Inc (NYSE:DIN) Director Larry Alan Kay sold 339 shares of Dine Brands Global stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $77.86, for a total value of $26,394.54. Following the completion of the sale, the director now directly owns 6,600 shares in the company, valued at approximately $513,876. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink.
Shares of Dine Brands Global stock traded up $1.97 on Friday, reaching $78.55. The company had a trading volume of 8,376 shares, compared to its average volume of 279,979. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 14.64 and a beta of 0.39. The firm’s 50-day moving average price is $73.72 and its two-hundred day moving average price is $83.49. Dine Brands Global Inc has a 1 year low of $65.63 and a 1 year high of $104.00.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, October 30th. The restaurant operator reported $1.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.49 by $0.06. Dine Brands Global had a negative return on equity of 57.98% and a net margin of 11.46%. The company had revenue of $186.90 million during the quarter, compared to analysts’ expectations of $224.13 million. During the same quarter in the previous year, the business earned $1.53 EPS. Dine Brands Global’s revenue was down 3.7% compared to the same quarter last year. Equities analysts expect that Dine Brands Global Inc will post 6.85 EPS for the current fiscal year.
A number of analysts have issued reports on the company. Zacks Investment Research raised Dine Brands Global from a “sell” rating to a “hold” rating in a research note on Wednesday. Raymond James downgraded Dine Brands Global from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the stock from $125.00 to $105.00 in a research note on Thursday, August 1st. Wedbush reaffirmed a “buy” rating on shares of Dine Brands Global in a research note on Thursday, October 31st. Barclays reduced their price objective on Dine Brands Global from $115.00 to $105.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $95.00 price objective on shares of Dine Brands Global in a research note on Sunday, October 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $103.00.
Several hedge funds have recently modified their holdings of the business. BlackRock Inc. lifted its holdings in shares of Dine Brands Global by 0.9% in the 2nd quarter. BlackRock Inc. now owns 2,510,087 shares of the restaurant operator’s stock worth $239,636,000 after buying an additional 22,496 shares during the period. Vanguard Group Inc. raised its position in shares of Dine Brands Global by 0.3% in the 2nd quarter. Vanguard Group Inc. now owns 2,215,437 shares of the restaurant operator’s stock worth $211,507,000 after acquiring an additional 6,931 shares in the last quarter. Wells Fargo & Company MN raised its position in shares of Dine Brands Global by 6.3% in the 2nd quarter. Wells Fargo & Company MN now owns 1,215,291 shares of the restaurant operator’s stock worth $116,023,000 after acquiring an additional 72,391 shares in the last quarter. Renaissance Technologies LLC raised its position in shares of Dine Brands Global by 76.4% in the 2nd quarter. Renaissance Technologies LLC now owns 698,500 shares of the restaurant operator’s stock worth $66,686,000 after acquiring an additional 302,500 shares in the last quarter. Finally, Silvercrest Asset Management Group LLC bought a new position in shares of Dine Brands Global in the 2nd quarter worth $50,374,000.
About Dine Brands Global
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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