Dine Brands Global Inc (NYSE:DIN) Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction dated Friday, May 10th. The shares were sold at an average price of $88.92, for a total transaction of $35,568.00. Following the sale, the director now owns 7,739 shares of the company’s stock, valued at $688,151.88. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Larry Alan Kay also recently made the following trade(s):

  • On Tuesday, February 26th, Larry Alan Kay sold 700 shares of Dine Brands Global stock. The shares were sold at an average price of $99.00, for a total transaction of $69,300.00.

Shares of DIN traded up $0.29 during trading hours on Thursday, reaching $88.86. 2,055 shares of the company traded hands, compared to its average volume of 385,626. The firm has a market capitalization of $1.54 billion, a P/E ratio of 16.72 and a beta of 0.48. Dine Brands Global Inc has a 1-year low of $61.89 and a 1-year high of $101.18.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 1st. The restaurant operator reported $1.90 EPS for the quarter, beating the Zacks’ consensus estimate of $1.86 by $0.04. The business had revenue of $237.18 million during the quarter, compared to analyst estimates of $248.96 million. Dine Brands Global had a net margin of 11.30% and a negative return on equity of 53.27%. The firm’s revenue for the quarter was up 26.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.11 earnings per share. Equities research analysts predict that Dine Brands Global Inc will post 7.16 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 12th. Stockholders of record on Thursday, June 20th will be given a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Wednesday, June 19th. Dine Brands Global’s dividend payout ratio is currently 51.40%.

Large investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Dine Brands Global during the fourth quarter worth about $13,326,000. Waratah Capital Advisors Ltd. raised its holdings in Dine Brands Global by 1,120.2% in the first quarter. Waratah Capital Advisors Ltd. now owns 212,589 shares of the restaurant operator’s stock worth $19,407,000 after purchasing an additional 195,166 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Dine Brands Global by 27.3% during the first quarter. Victory Capital Management Inc. now owns 835,712 shares of the restaurant operator’s stock worth $76,292,000 after acquiring an additional 179,234 shares during the period. Skyline Asset Management LP acquired a new stake in shares of Dine Brands Global during the first quarter worth $12,991,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Dine Brands Global by 40.5% during the first quarter. Renaissance Technologies LLC now owns 396,000 shares of the restaurant operator’s stock worth $36,151,000 after acquiring an additional 114,100 shares during the period.

A number of research analysts have recently commented on DIN shares. Wedbush reaffirmed an “outperform” rating and set a $135.00 price objective on shares of Dine Brands Global in a research report on Friday, February 22nd. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Monday, March 11th. Finally, Maxim Group reaffirmed a “buy” rating on shares of Dine Brands Global in a research report on Wednesday, May 1st. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $116.00.

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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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