Dine Brands Global (NYSE:DIN) Stock Crosses Above 200-Day Moving Average – Should You Sell?

Dine Brands Global, Inc. (NYSE:DIN) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on DIN. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Tuesday, June 9th. Mizuho cut 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. KeyCorp reaffirmed a “sector weight” rating on shares of Dine Brands Global in a 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. Finally, Barclays dropped their target price 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. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, Dine Brands Global currently has a consensus rating of “Hold” and a consensus price target of $30.40.

Dine Brands Global Stock Performance

The firm has a market capitalization of $450.00 million, a price-to-earnings ratio of 35.11 and a beta of 0.95. The business has a 50 day simple moving average of $31.51 and a 200-day simple moving average of $31.56.

Dine Brands Global (NYSE:DIN) last posted its 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). The firm had revenue of $225.20 million during the quarter, compared to analyst estimates 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 revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.03 earnings per share. Equities analysts predict 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 disclosed a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, June 24th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.1%. The ex-dividend date is Wednesday, June 24th. Dine Brands Global’s payout ratio is 75.25%.

Insider Activity

In related news, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction that occurred 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 owned 9,315 shares in the company, valued at approximately $269,017.20. This trade represents a 16.19% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 6.73% of the company’s stock.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently bought and sold shares of DIN. Garton & Associates Financial Advisors LLC acquired a new stake in shares of Dine Brands Global during the fourth quarter worth about $26,000. Financial Management Professionals Inc. boosted its position in shares of Dine Brands Global by 45.4% during the 4th quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after acquiring an additional 326 shares in the last quarter. Advisory Services Network LLC purchased a new position in Dine Brands Global in the third quarter valued at approximately $27,000. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC purchased a new position in shares of Dine Brands Global in the 3rd quarter valued at $50,000. Finally, Tower Research Capital LLC TRC grew its holdings 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 worth $51,000 after purchasing an additional 1,578 shares during the last quarter. Institutional investors and hedge funds 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.