Insider Selling: Dine Brands Global Inc (NYSE:DIN) SVP Sells $821,040.00 in Stock

Dine Brands Global Inc (NYSE:DIN) SVP Bryan R. Adel sold 8,000 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The shares were sold at an average price of $102.63, for a total transaction of $821,040.00. Following the transaction, the senior vice president now directly owns 21,505 shares in the company, valued at approximately $2,207,058.15. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

NYSE:DIN opened at $98.23 on Friday. The stock has a market capitalization of $1.81 billion, a P/E ratio of 18.29 and a beta of 0.37. Dine Brands Global Inc has a fifty-two week low of $65.63 and a fifty-two week high of $104.00. The stock’s 50 day moving average is $94.90.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, May 1st. The restaurant operator reported $1.90 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.86 by $0.04. The company had revenue of $237.18 million for the quarter, compared to the consensus estimate of $248.96 million. Dine Brands Global had a net margin of 11.30% and a negative return on equity of 53.27%. Dine Brands Global’s revenue was up 26.0% on a year-over-year basis. During the same quarter last year, the firm posted $1.11 earnings per share. Analysts forecast that Dine Brands Global Inc will post 7.16 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, July 12th. Shareholders of record on Thursday, June 20th will be paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a yield of 2.81%. The ex-dividend date is Wednesday, June 19th. Dine Brands Global’s dividend payout ratio is currently 51.40%.

A number of large investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund raised its stake in shares of Dine Brands Global by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 6,859 shares of the restaurant operator’s stock valued at $626,000 after acquiring an additional 124 shares during the period. Bank of Montreal Can raised its stake in shares of Dine Brands Global by 8.1% in the 1st quarter. Bank of Montreal Can now owns 1,729 shares of the restaurant operator’s stock valued at $158,000 after acquiring an additional 130 shares during the period. State Board of Administration of Florida Retirement System raised its stake in shares of Dine Brands Global by 1.5% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 8,653 shares of the restaurant operator’s stock valued at $790,000 after acquiring an additional 130 shares during the period. Oppenheimer Asset Management Inc. raised its stake in shares of Dine Brands Global by 6.8% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 2,796 shares of the restaurant operator’s stock valued at $255,000 after acquiring an additional 179 shares during the period. Finally, Piedmont Investment Advisors Inc. raised its stake in shares of Dine Brands Global by 4.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 4,399 shares of the restaurant operator’s stock valued at $402,000 after acquiring an additional 201 shares during the period.

DIN has been the topic of several recent analyst reports. Maxim Group reissued a “buy” rating on shares of Abeona Therapeutics in a research note on Wednesday, May 1st. Deutsche Bank set a $142.00 price objective on shares of MCCORMICK & CO /SH and gave the company a “hold” rating in a research note on Friday, June 28th. Barclays reduced their price objective on shares of Realogy from $9.00 to $5.00 and set an “underweight” rating on the stock in a research note on Thursday. Zacks Investment Research downgraded shares of Hersha Hospitality Trust from a “buy” rating to a “hold” rating in a research note on Thursday, May 2nd. Finally, Wedbush reaffirmed an “outperform” rating and set a $21.00 price target on shares of Epizyme in a research note on Wednesday, June 12th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $115.83.

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

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