Dine Brands Global (NYSE:DIN) Shares Pass Above Two Hundred Day Moving Average – What’s Next?

Shares of Dine Brands Global, Inc. (NYSE:DIN) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $25.90 and traded as high as $34.67. Dine Brands Global shares last traded at $34.45, with a volume of 518,476 shares traded.

Wall Street Analysts Forecast Growth

DIN has been the subject of a number of research reports. Barclays reduced their price target on shares of Dine Brands Global from $29.00 to $26.00 and set an “equal weight” rating for the company in a research report on Thursday, November 6th. KeyCorp lifted their target price on Dine Brands Global from $26.00 to $32.00 and gave the stock an “overweight” rating in a research report on Monday, October 20th. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Wednesday, December 3rd. Mizuho upgraded Dine Brands Global to a “hold” rating in a research note on Tuesday, October 28th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday. One research analyst has rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $26.43.

Dine Brands Global Stock Performance

The firm has a market capitalization of $496.77 million, a price-to-earnings ratio of 15.38 and a beta of 0.91. The firm has a fifty day moving average price of $28.91 and a 200 day moving average price of $25.90.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, November 5th. The restaurant operator reported $0.73 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.82 by ($0.09). Dine Brands Global had a negative return on equity of 26.01% and a net margin of 3.91%.The business had revenue of $216.17 million during the quarter, compared to analysts’ expectations of $221.61 million. During the same quarter in the previous year, the company posted $1.44 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. Research analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd will be paid a $0.19 dividend. The ex-dividend date is Tuesday, December 23rd. This represents a $0.76 annualized dividend and a dividend yield of 2.2%. Dine Brands Global’s dividend payout ratio (DPR) is 91.07%.

Insider Transactions at Dine Brands Global

In related news, Director Richard J. Dahl bought 3,600 shares of the stock in a transaction on Friday, November 21st. The shares were bought at an average cost of $27.47 per share, for a total transaction of $98,892.00. Following the completion of the transaction, the director owned 3,600 shares of the company’s stock, valued at $98,892. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Howard M. Berk purchased 4,082 shares of Dine Brands Global stock in a transaction dated Friday, November 7th. The shares were bought at an average price of $24.50 per share, with a total value of $100,009.00. Following the completion of the transaction, the director owned 41,947 shares in the company, valued at approximately $1,027,701.50. This trade represents a 10.78% increase in their position. The SEC filing for this purchase provides additional information. In the last three months, insiders have purchased 8,332 shares of company stock worth $220,455. 4.56% of the stock is owned by insiders.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Dine Brands Global by 7.4% in the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator’s stock valued at $24,287,000 after purchasing an additional 71,941 shares during the last quarter. Millennium Management LLC boosted its position in shares of Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock worth $11,817,000 after buying an additional 172,013 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Dine Brands Global by 4.1% in the 2nd quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator’s stock worth $10,472,000 after buying an additional 16,970 shares in the last quarter. Geode Capital Management LLC grew its stake in Dine Brands Global by 1.6% in the 2nd quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator’s stock valued at $8,954,000 after acquiring an additional 5,717 shares during the last quarter. Finally, Two Sigma Investments LP increased its holdings in Dine Brands Global by 3.8% during the 3rd quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock valued at $8,733,000 after acquiring an additional 12,821 shares in the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

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.