Dine Brands Global (NYSE:DIN) Share Price Crosses Above 200 Day Moving Average – Here’s What Happened

Dine Brands Global, Inc. (NYSE:DIN)’s share price passed 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 changing hands.

Analyst Upgrades and Downgrades

DIN has been the topic of a number of research reports. Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Barclays lowered their price target 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. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research note on Thursday, April 2nd. Mizuho reduced their price objective on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a report on Thursday, April 2nd. Finally, UBS Group decreased their target price on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research report on Thursday, February 26th. Seven investment analysts have rated the stock with a Hold rating, According to MarketBeat, Dine Brands Global presently has an average rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Trading Down 1.1%

The firm has a market cap of $430.91 million, a PE ratio of 33.62 and a beta of 0.97. The business’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 announced its quarterly earnings results 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). 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 during the quarter, compared to analysts’ expectations of $222.08 million. During the same period in the previous year, the company posted $1.03 EPS. Dine Brands Global’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that Dine Brands Global, Inc. will post 4.64 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently announced 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. The ex-dividend date is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Dine Brands Global’s dividend payout ratio is currently 75.25%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the sale, the director owned 9,315 shares of the company’s stock, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 6.73% of the company’s stock.

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently made changes to their positions in the stock. Garton & Associates Financial Advisors LLC purchased a new position in Dine Brands Global in the fourth quarter valued at about $26,000. Advisory Services Network LLC purchased a new stake in shares of Dine Brands Global during the third quarter valued at about $27,000. Financial Management Professionals Inc. lifted its position in shares of Dine Brands Global by 45.4% during the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after buying an additional 326 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Dine Brands Global in the 3rd quarter valued at about $50,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Dine Brands Global by 307.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after buying an additional 1,578 shares during the last quarter. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

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.