Dine Brands Global (NYSE:DIN) Stock Price Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Dine Brands Global, Inc. (NYSE:DIN) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $31.60 and traded as high as $33.73. Dine Brands Global shares last traded at $32.98, with a volume of 198,961 shares.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Piper Sandler lifted their price objective on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, August 10th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Tuesday, June 9th. Zacks Research downgraded shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a report on Tuesday, August 4th. Mizuho set a $38.00 price objective on Dine Brands Global in a report on Thursday, August 6th. Finally, Freedom Broker raised shares of Dine Brands Global to a “hold” rating in a research note on Monday, August 24th. Eight investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus target price of $32.83.

Dine Brands Global Trading Up 1.3%

The company has a market cap of $416.65 million, a PE ratio of 70.19 and a beta of 0.94. The business has a fifty day moving average of $35.18 and a 200-day moving average of $31.58.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing the consensus estimate of $1.20 by ($0.04). Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The company had revenue of $240.90 million for the quarter, compared to the consensus estimate of $237.28 million. During the same quarter in the previous year, the business earned $1.17 earnings per share. Dine Brands Global’s revenue was up 4.4% compared to the same quarter last year. As a group, research analysts predict that Dine Brands Global, Inc. will post 4.28 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in shares of Dine Brands Global in the 2nd quarter valued at about $47,832,000. Cibc World Market Inc. acquired a new position in shares of Dine Brands Global in the second quarter worth $25,212,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Dine Brands Global during the fourth quarter worth about $9,099,000. Millennium Management LLC increased its stake in shares of Dine Brands Global by 51.2% during the 1st 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 last quarter. Finally, Nomura Holdings Inc. acquired a new stake in shares of Dine Brands Global during the 3rd quarter worth $4,175,000. Hedge funds and other institutional investors own 92.83% of the company’s stock.

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.