Dine Brands Global (NYSE:DIN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Dine Brands Global, Inc. (NYSE:DIN) shares crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $31.56 and traded as high as $36.32. Dine Brands Global shares last traded at $35.4610, with a volume of 246,852 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Mizuho dropped their target price on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Barclays reduced their price objective on 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. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Seven investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Stock Performance

The firm has a market cap of $450.00 million, a P/E ratio of 35.11 and a beta of 0.95. The firm’s fifty day moving average price is $31.51 and its 200 day moving average price is $31.56.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). The business had revenue of $225.20 million for the quarter, compared to the consensus estimate of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. Dine Brands Global’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.03 earnings per share. As a group, analysts expect that Dine Brands Global, Inc. will post 4.64 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders of record on Wednesday, June 24th will be issued a $0.19 dividend. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.1%. Dine Brands Global’s dividend payout ratio (DPR) is currently 75.25%.

Insider Activity at Dine Brands Global

In other news, Director Michael Hyter sold 1,800 shares of the business’s stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the transaction, the director directly owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. The trade was a 16.19% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Dine Brands Global by 10.7% during the first quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock valued at $1,662,000 after buying an additional 6,908 shares during the last quarter. Millennium Management LLC grew its position in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after buying an additional 172,013 shares during the last quarter. Invesco Ltd. grew its position in shares of Dine Brands Global by 16.3% in the 2nd quarter. Invesco Ltd. now owns 65,821 shares of the restaurant operator’s stock worth $1,601,000 after buying an additional 9,226 shares during the last quarter. Jump Financial LLC bought a new position in shares of Dine Brands Global during the 2nd quarter worth approximately $921,000. Finally, Gamco Investors INC. ET AL bought a new position in shares of Dine Brands Global during the 2nd quarter worth approximately $747,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

Dine Brands Global Company Profile

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.