Dine Brands Global (NYSE:DIN) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Dine Brands Global, Inc. (NYSE:DIN) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.46 and traded as high as $34.30. Dine Brands Global shares last traded at $33.9610, with a volume of 299,135 shares trading hands.

Analysts Set New Price Targets

DIN has been the subject of several research analyst reports. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a report on Monday, March 2nd. UBS Group reduced their price target on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research report on Thursday, February 26th. Finally, Barclays decreased their price objective on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating on the stock in a report on Thursday, May 7th. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Stock Performance

The stock has a 50-day simple moving average of $30.33 and a 200 day simple moving average of $31.46. The stock has a market capitalization of $430.97 million, a P/E ratio of 33.63 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The firm had revenue of $225.20 million for the quarter, compared to the consensus estimate of $222.08 million. During the same quarter in the previous year, the firm earned $1.03 EPS. The company’s revenue was up 4.8% compared to the same quarter last year. Equities analysts predict that Dine Brands Global, Inc. will post 4.64 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 24th. Dine Brands Global’s payout ratio is currently 75.25%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total transaction of $51,984.00. Following the transaction, the director directly owned 9,315 shares in the company, valued at approximately $269,017.20. This represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.73% of the company’s stock.

Institutional Investors Weigh In On Dine Brands Global

Institutional investors have recently modified their holdings of the business. AdvisorShares Investments LLC raised its stake in shares of Dine Brands Global by 8.2% during the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock worth $121,000 after buying an additional 284 shares during the last quarter. Quadrant Capital Group LLC boosted its stake in Dine Brands Global by 8.8% in the fourth quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 309 shares during the last quarter. Financial Management Professionals Inc. boosted its stake in Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after acquiring an additional 326 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in Dine Brands Global by 1.2% during the 4th quarter. Russell Investments Group Ltd. now owns 28,282 shares of the restaurant operator’s stock worth $909,000 after acquiring an additional 326 shares during the period. Finally, Garton & Associates Financial Advisors LLC acquired a new stake in Dine Brands Global during the 4th quarter worth $26,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

About Dine Brands Global

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company’s primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee’s Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.