Dine Brands Global (NYSE:DIN) Share Price Passes Above 200-Day Moving Average – What’s Next?

Dine Brands Global, Inc. (NYSE:DIN)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $31.64 and traded as high as $36.67. Dine Brands Global shares last traded at $35.3740, with a volume of 298,212 shares.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. KeyCorp reiterated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Barclays decreased their price target 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. Mizuho lowered their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research report on Thursday, April 2nd. Finally, Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Seven equities 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 company has a market capitalization of $448.90 million, a price-to-earnings ratio of 35.02 and a beta of 0.95. The company has a 50-day moving average price of $32.43 and a 200-day moving average price of $31.64.

Dine Brands Global (NYSE:DIN) last announced its quarterly 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). The firm had revenue of $225.20 million during the quarter, compared to analyst estimates of $222.08 million. Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.03 earnings per share. As a group, sell-side analysts anticipate that Dine Brands Global, Inc. will post 4.47 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, July 10th. Shareholders of record on Wednesday, June 24th were issued a $0.19 dividend. The ex-dividend date was Wednesday, June 24th. This represents a $0.76 annualized dividend and a yield of 2.1%. Dine Brands Global’s dividend payout ratio (DPR) is 75.25%.

Insider Activity at Dine Brands Global

In related news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction on Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the sale, the director owned 9,315 shares in the company, valued at $269,017.20. This represents a 16.19% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 6.73% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. AdvisorShares Investments LLC grew its position in Dine Brands Global by 8.2% in the fourth quarter. AdvisorShares Investments LLC now owns 3,758 shares of the restaurant operator’s stock valued at $121,000 after purchasing an additional 284 shares in the last quarter. Quadrant Capital Group LLC increased its stake in Dine Brands Global by 8.8% in the 4th quarter. Quadrant Capital Group LLC now owns 3,821 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 309 shares during the last quarter. Financial Management Professionals Inc. lifted its position in Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after buying an additional 326 shares in the last quarter. Russell Investments Group Ltd. boosted its stake in shares of 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 buying an additional 326 shares during the last quarter. Finally, Garton & Associates Financial Advisors LLC bought a new position in shares of Dine Brands Global in the 4th quarter valued at about $26,000. 92.83% of the stock is owned by institutional investors and hedge funds.

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.