Larry Alan Kay Sells 415 Shares of Dine Brands Global Inc (DIN) Stock
Dine Brands Global Inc (NYSE:DIN) Director Larry Alan Kay sold 415 shares of Dine Brands Global stock in a transaction that occurred on Wednesday, August 8th. The shares were sold at an average price of $71.81, for a total value of $29,801.15. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Dine Brands Global traded up $0.26, hitting $74.69, during trading hours on Friday, MarketBeat reports. 172,321 shares of the stock traded hands, compared to its average volume of 374,339. The company has a debt-to-equity ratio of -6.10, a quick ratio of 1.26 and a current ratio of 1.26. The stock has a market cap of $1.32 billion, a price-to-earnings ratio of 18.00 and a beta of 0.05. Dine Brands Global Inc has a one year low of $37.11 and a one year high of $82.62.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, August 1st. The restaurant operator reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.98 by $0.05. The business had revenue of $184.47 million for the quarter, compared to analysts’ expectations of $186.92 million. Dine Brands Global had a negative return on equity of 35.19% and a negative net margin of 50.50%. The business’s revenue was down 2.2% on a year-over-year basis. During the same period in the previous year, the firm posted $1.34 EPS. analysts predict that Dine Brands Global Inc will post 5.12 earnings per share for the current year.
Several institutional investors and hedge funds have recently modified their holdings of DIN. Geode Capital Management LLC boosted its position in shares of Dine Brands Global by 7.3% in the 4th quarter. Geode Capital Management LLC now owns 148,003 shares of the restaurant operator’s stock worth $7,508,000 after purchasing an additional 10,133 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Dine Brands Global in the 4th quarter worth approximately $1,055,000. Deutsche Bank AG boosted its position in shares of Dine Brands Global by 173.4% in the 4th quarter. Deutsche Bank AG now owns 58,208 shares of the restaurant operator’s stock worth $2,951,000 after purchasing an additional 36,917 shares in the last quarter. Teachers Advisors LLC boosted its position in shares of Dine Brands Global by 3.1% in the 4th quarter. Teachers Advisors LLC now owns 32,753 shares of the restaurant operator’s stock worth $1,662,000 after purchasing an additional 982 shares in the last quarter. Finally, LPL Financial LLC bought a new stake in shares of Dine Brands Global in the 4th quarter worth approximately $207,000.
Several research firms have weighed in on DIN. Zacks Investment Research cut Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. Maxim Group reaffirmed a “buy” rating and set a $95.00 price objective on shares of Dine Brands Global in a research report on Tuesday, May 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. Dine Brands Global presently has an average rating of “Hold” and an average target price of $91.00.
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 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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