Dine Brands Global (NYSE:DIN) Shares Pass Above 200 Day Moving Average – Here’s Why

Dine Brands Global, Inc. (NYSE:DIN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $31.31 and traded as high as $35.07. Dine Brands Global shares last traded at $33.9570, with a volume of 355,887 shares.

Analyst Ratings Changes

DIN has been the subject of a number of analyst reports. Zacks Research raised shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Mizuho lowered their target price on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating for the company in a research note on Thursday, April 2nd. Barclays lowered their target price on Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company 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. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.40.

Dine Brands Global Stock Performance

The firm has a market capitalization of $430.91 million, a PE ratio of 33.62 and a beta of 0.97. The company’s 50 day simple moving average is $29.05 and its 200-day simple moving average is $31.31.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing the consensus estimate of $1.00 by ($0.12). The company had revenue of $225.20 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $1.03 EPS. On average, equities research analysts forecast that Dine Brands Global, Inc. will post 4.64 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

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

Insiders Place Their Bets

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 value of $51,984.00. Following the sale, the director owned 9,315 shares in the company, valued at approximately $269,017.20. This represents a 16.19% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Garton & Associates Financial Advisors LLC purchased a new stake in Dine Brands Global in the 4th quarter worth $26,000. Advisory Services Network LLC purchased a new stake in Dine Brands Global in the 3rd quarter worth about $27,000. Financial Management Professionals Inc. increased 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 worth $34,000 after purchasing an additional 326 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Dine Brands Global during the third quarter worth approximately $50,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Dine Brands Global by 307.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 1,578 shares during the period. Hedge funds and other institutional investors 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.