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

Dine Brands Global, Inc. (NYSE:DIN) shares 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 traded.

Wall Street Analysts Forecast Growth

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

Dine Brands Global Trading Down 1.0%

The stock has a market cap of $456.65 million, a price-to-earnings ratio of 35.63 and a beta of 0.95. The stock has a fifty day simple moving average of $32.59 and a 200-day simple moving average of $31.66.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business had revenue of $225.20 million for the quarter, compared to analyst estimates of $222.08 million. During the same quarter last year, the firm earned $1.03 earnings per share. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. Sell-side analysts forecast that Dine Brands Global, Inc. will post 4.47 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, July 10th. Investors of record on Wednesday, June 24th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.1%. Dine Brands Global’s payout ratio is 75.25%.

Insider Buying and Selling

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the 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 directly owned 9,315 shares of the company’s stock, valued at $269,017.20. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.73% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in shares of Dine Brands Global by 10.8% in the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after buying an additional 101,304 shares during the period. Cibc World Market Inc. increased its stake in Dine Brands Global by 14.0% during the fourth quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock valued at $26,393,000 after acquiring an additional 101,054 shares during the period. Millennium Management LLC increased its stake in Dine Brands Global by 51.2% during the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after acquiring an additional 172,013 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Dine Brands Global by 16.9% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock valued at $12,130,000 after acquiring an additional 54,506 shares in the last quarter. Finally, Two Sigma Investments LP raised its holdings in Dine Brands Global by 3.8% in the 3rd quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock valued at $8,733,000 after acquiring an additional 12,821 shares in the last quarter. 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.