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

Dine Brands Global, Inc. (NYSE:DIN) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.42 and traded as high as $37.15. Dine Brands Global shares last traded at $35.16, with a volume of 373,011 shares traded.

Analysts Set New Price Targets

Several brokerages recently commented on DIN. UBS Group raised their price objective on shares of Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Barclays lifted their price target on shares of Dine Brands Global from $26.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, January 7th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Wednesday, December 3rd. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research note on Monday, December 29th. Finally, KeyCorp boosted their target price on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. One investment analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat, Dine Brands Global presently has a consensus rating of “Hold” and a consensus price target of $31.29.

Dine Brands Global Price Performance

The firm’s 50-day moving average price is $33.16 and its 200 day moving average price is $27.42. The firm has a market capitalization of $507.01 million, a price-to-earnings ratio of 15.70 and a beta of 0.92.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The company had revenue of $216.17 million for the quarter, compared to analyst estimates of $221.61 million. During the same quarter in the prior year, the firm earned $1.44 earnings per share. The company’s revenue for the quarter was up 10.8% on a year-over-year basis. On average, analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Tuesday, December 23rd were given a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. The ex-dividend date was Tuesday, December 23rd. Dine Brands Global’s dividend payout ratio is currently 33.93%.

Insiders Place Their Bets

In other news, Director Richard J. Dahl bought 3,600 shares of Dine Brands Global stock in a transaction on Friday, November 21st. The shares were bought at an average cost of $27.47 per share, for a total transaction of $98,892.00. Following the acquisition, the director owned 3,600 shares in the company, valued at approximately $98,892. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Howard M. Berk purchased 4,082 shares of the stock in a transaction dated Friday, November 7th. The shares were purchased at an average price of $24.50 per share, with a total value of $100,009.00. Following the completion of the acquisition, the director owned 41,947 shares of the company’s stock, valued at approximately $1,027,701.50. This represents a 10.78% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have purchased 8,332 shares of company stock worth $220,455. Corporate insiders own 4.56% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently modified their holdings of DIN. Royal Bank of Canada grew its stake in Dine Brands Global by 10.7% in the 1st quarter. Royal Bank of Canada now owns 71,451 shares of the restaurant operator’s stock worth $1,662,000 after acquiring an additional 6,908 shares during the period. Millennium Management LLC lifted its stake in shares of Dine Brands Global by 51.2% during the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after purchasing an additional 172,013 shares during the period. Voya Investment Management LLC boosted its holdings in shares of Dine Brands Global by 40.3% during the first quarter. Voya Investment Management LLC now owns 18,711 shares of the restaurant operator’s stock worth $435,000 after purchasing an additional 5,371 shares during the last quarter. Ballentine Partners LLC purchased a new stake in shares of Dine Brands Global in the second quarter valued at $259,000. Finally, New Century Financial Group LLC acquired a new position in Dine Brands Global in the second quarter valued at $1,121,000. 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.