Dine Brands Global (NYSE:DIN) Issues Quarterly Earnings Results

Dine Brands Global (NYSE:DIN) issued its quarterly earnings results on Wednesday. The restaurant operator reported $0.73 earnings per share for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.09), Zacks reports. The business had revenue of $216.17 million for the quarter, compared to analysts’ expectations of $221.61 million. Dine Brands Global had a negative return on equity of 31.66% and a net margin of 5.40%.Dine Brands Global’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.44 EPS.

Dine Brands Global Stock Performance

Dine Brands Global stock traded down $0.06 during trading on Friday, reaching $24.32. The company had a trading volume of 140,641 shares, compared to its average volume of 567,777. The firm has a market capitalization of $374.03 million, a PE ratio of 8.11 and a beta of 1.04. The firm’s 50-day simple moving average is $25.39 and its 200 day simple moving average is $24.18. Dine Brands Global has a 1-year low of $18.63 and a 1-year high of $37.20.

Dine Brands Global Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd will be given a dividend of $0.19 per share. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 dividend on an annualized basis and a dividend yield of 3.1%. Dine Brands Global’s dividend payout ratio (DPR) is 68.00%.

Analyst Ratings Changes

DIN has been the subject of a number of recent analyst reports. Mizuho upgraded shares of Dine Brands Global to a “hold” rating in a research note on Tuesday, October 28th. Zacks Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday. Weiss Ratings restated a “sell (d+)” rating on shares of Dine Brands Global in a research note on Wednesday, October 8th. Sanford C. Bernstein set a $29.00 price target on Dine Brands Global in a research report on Wednesday, October 22nd. Finally, Barclays cut their price objective on Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating on the stock in a report on Thursday. One research analyst has rated the stock with a Buy rating, six have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, Dine Brands Global presently has an average rating of “Reduce” and an average price target of $27.88.

Insider Activity

In related news, CEO John W. Peyton bought 4,523 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the acquisition, the chief executive officer directly owned 189,563 shares in the company, valued at approximately $4,191,237.93. This trade represents a 2.44% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Vance Yuwen Chang purchased 2,340 shares of the business’s stock in a transaction that occurred on Thursday, August 21st. The stock was bought at an average cost of $21.10 per share, with a total value of $49,374.00. Following the acquisition, the chief financial officer owned 54,130 shares of the company’s stock, valued at approximately $1,142,143. The trade was a 4.52% increase in their position. The disclosure for this purchase is available in the SEC filing. 4.56% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. grew its stake in shares of Dine Brands Global by 10.8% in the 3rd quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after buying an additional 101,304 shares during the period. Millennium Management LLC grew its position in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after acquiring an additional 172,013 shares during the period. Bank of America Corp DE grew its position in Dine Brands Global by 41.1% in the second quarter. Bank of America Corp DE now owns 224,420 shares of the restaurant operator’s stock worth $5,460,000 after acquiring an additional 65,326 shares during the period. Monimus Capital Management LP acquired a new stake in Dine Brands Global during the second quarter worth $2,282,000. Finally, Balyasny Asset Management L.P. purchased a new stake in Dine Brands Global in the second quarter valued at $2,005,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.