Dine Brands Global (NYSE:DIN) Shares Cross Above 200-Day Moving Average – Here’s Why

Dine Brands Global, Inc. (NYSE:DIN)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.42 and traded as high as $37.15. Dine Brands Global shares last traded at $35.16, with a volume of 373,011 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on DIN shares. Barclays upped their price objective on shares of Dine Brands Global from $26.00 to $40.00 and gave the company an “equal weight” rating in a research note on Wednesday, January 7th. Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a report on Monday, December 29th. Mizuho raised their price target on Dine Brands Global from $28.00 to $34.00 and gave the stock a “neutral” rating in a research note on Friday, January 9th. UBS Group lifted their price target on Dine Brands Global from $21.00 to $35.00 and gave the stock a “neutral” rating in a research report on Tuesday, January 6th. Finally, Sanford C. Bernstein set a $29.00 price objective on Dine Brands Global in a research note on Wednesday, October 22nd. One equities research analyst has rated the stock with a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and a consensus price target of $31.29.

Dine Brands Global Price Performance

The firm’s 50 day moving average price is $33.16 and its two-hundred day moving average price is $27.42. The firm has a market cap of $507.01 million, a price-to-earnings ratio of 15.70 and a beta of 0.92.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results 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 net margin of 3.91% and a negative return on equity of 26.01%. The company had revenue of $216.17 million during the quarter, compared to analyst estimates of $221.61 million. During the same quarter last year, the firm earned $1.44 EPS. The business’s revenue was up 10.8% on a year-over-year basis. On average, analysts anticipate that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Investors of record on Tuesday, December 23rd were issued a dividend of $0.19 per share. The ex-dividend date of this dividend was 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 currently 33.93%.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Dine Brands Global

Hedge funds have recently added to or reduced their stakes in the company. Advisory Services Network LLC acquired a new position in Dine Brands Global during the 3rd quarter worth approximately $27,000. Mountain Hill Investment Partners Corp. boosted its stake in shares of Dine Brands Global by 33.3% in the second quarter. Mountain Hill Investment Partners Corp. now owns 2,000 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 500 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC acquired a new position in Dine Brands Global during the third quarter worth $50,000. Tower Research Capital LLC TRC grew its holdings in 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 acquiring an additional 1,578 shares during the period. Finally, Quadrant Capital Group LLC purchased a new position in Dine Brands Global in the third quarter worth $87,000. Institutional investors and hedge funds 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.