Dine Brands Global (NYSE:DIN) Share Price Passes Above Two Hundred Day Moving Average Following Weak Earnings

Dine Brands Global, Inc. (NYSE:DIN) shares passed above its 200-day moving average during trading on Wednesday following a better than expected earnings announcement. The stock has a 200-day moving average of $30.55 and traded as high as $31.00. Dine Brands Global shares last traded at $27.3040, with a volume of 861,845 shares traded.

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 net margin of 1.88% and a negative return on equity of 27.12%. The firm 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 firm posted $1.03 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis.

Dine Brands Global Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 10th. Stockholders of record on Wednesday, March 18th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Wednesday, March 18th. Dine Brands Global’s payout ratio is presently 78.35%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Barclays reduced their target price on Dine Brands Global from $40.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, February 26th. Mizuho dropped their price target on Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research report on Thursday, April 2nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. KeyCorp restated a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Eight investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $29.50.

Insider Transactions at Dine Brands Global

In related news, Director Douglas M. Pasquale purchased 2,000 shares of the company’s stock in a transaction that occurred on Thursday, March 12th. The shares were purchased at an average price of $28.25 per share, for a total transaction of $56,500.00. Following the transaction, the director directly owned 31,469 shares of the company’s stock, valued at approximately $888,999.25. The trade was a 6.79% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders bought 6,000 shares of company stock valued at $173,310. Insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Several institutional investors and hedge funds have recently added to or reduced their stakes in DIN. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Dine Brands Global during the 4th quarter worth approximately $9,099,000. Millennium Management LLC increased its position in 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. Nomura Holdings Inc. acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $4,175,000. 4D Advisors LLC acquired a new position in Dine Brands Global during the 4th quarter worth approximately $4,339,000. Finally, Cibc World Markets Corp acquired a new position in Dine Brands Global during the 4th quarter worth approximately $3,567,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

The company has a 50-day simple moving average of $28.22 and a 200-day simple moving average of $30.55. The company has a market cap of $354.41 million, a price-to-earnings ratio of 28.15 and a beta of 0.94.

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.