Dine Brands Global (NYSE:DIN) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of Dine Brands Global, Inc. (NYSE:DIN) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on DIN shares. Mizuho reduced 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 report on Thursday, April 2nd. Barclays dropped their price target on shares of Dine Brands Global from $30.00 to $28.00 and set an “equal weight” rating for the company in a research note on Thursday, May 7th. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating 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. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Seven equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $30.40.

Dine Brands Global Stock Performance

The stock’s 50-day simple moving average is $31.80 and its 200 day simple moving average is $31.57. The company has a market capitalization of $446.12 million, a PE ratio of 34.81 and a beta of 0.95.

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 the consensus estimate of $1.00 by ($0.12). The firm had revenue of $225.20 million for the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.Dine Brands Global’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $1.03 earnings per share. On average, analysts expect that Dine Brands Global, Inc. will post 4.64 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared 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 dividend on an annualized basis and a yield of 2.2%. The ex-dividend date of this dividend is Wednesday, June 24th. Dine Brands Global’s payout ratio is 75.25%.

Insider Activity

In other news, Director Michael Hyter sold 1,800 shares of the stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $28.88, for a total value of $51,984.00. Following the transaction, the director 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 legal filing with the SEC, which can be accessed through this link. Corporate insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently added to or reduced their stakes in the stock. Royal Bank of Canada raised its holdings in 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 worth $1,662,000 after purchasing an additional 6,908 shares in 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 valued at $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 valued at $1,601,000 after buying an additional 9,226 shares during the last quarter. Jump Financial LLC acquired a new stake in Dine Brands Global during the 2nd quarter worth $921,000. Finally, Gamco Investors INC. ET AL acquired a new stake in Dine Brands Global during the 2nd quarter worth $747,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.