Dine Brands Global (NYSE:DIN) Stock Price Passes Above 200 Day Moving Average – Here’s Why

Dine Brands Global, Inc. (NYSE:DIN) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.46 and traded as high as $34.30. Dine Brands Global shares last traded at $33.9610, with a volume of 299,135 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a research report on Thursday, April 2nd. Mizuho dropped 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 report on Thursday, April 2nd. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Thursday, April 2nd. Finally, Benchmark reaffirmed a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Stock Performance

The business has a 50-day moving average price of $30.50 and a 200 day moving average price of $31.50. The stock has a market capitalization of $459.43 million, a P/E ratio of 35.85 and a beta of 0.97.

Dine Brands Global (NYSE:DIN) last posted 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). The company had revenue of $225.20 million during the quarter, compared to analysts’ expectations of $222.08 million. Dine Brands Global had a negative return on equity of 23.28% and a net margin of 1.77%.The business’s quarterly revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.03 EPS. As a group, research analysts forecast that Dine Brands Global, Inc. will post 4.64 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Stockholders 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 annualized dividend and a dividend yield of 2.1%. Dine Brands Global’s dividend payout ratio (DPR) is presently 75.25%.

Insider Activity

In related news, Director Michael Hyter sold 1,800 shares of the company’s stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the transaction, the director owned 9,315 shares in the company, valued at $269,017.20. The trade was a 16.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.73% of the stock is currently owned by corporate insiders.

Institutional Trading of Dine Brands Global

A number of institutional investors and hedge funds have recently bought and sold shares of DIN. Garton & Associates Financial Advisors LLC bought a new position in shares of Dine Brands Global in the fourth quarter worth approximately $26,000. Advisory Services Network LLC purchased a new position in Dine Brands Global in the 3rd quarter worth approximately $27,000. Financial Management Professionals Inc. raised its holdings in Dine Brands Global by 45.4% in 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 during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new position in Dine Brands Global in the 3rd quarter valued at approximately $50,000. Finally, Tower Research Capital LLC TRC lifted its position in 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 valued at $51,000 after acquiring an additional 1,578 shares in the last quarter. 92.83% of the stock is currently owned by 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.