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

Dine Brands Global, Inc. (NYSE:DIN)’s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $28.33 and traded as high as $36.35. Dine Brands Global shares last traded at $35.70, with a volume of 336,186 shares trading hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on DIN shares. Sanford C. Bernstein set a $29.00 price target on shares of Dine Brands Global in a research note on Wednesday, October 22nd. UBS Group increased their target price on Dine Brands Global from $21.00 to $35.00 and gave the company a “neutral” rating in a research note on Tuesday, January 6th. Weiss Ratings restated a “hold (c-)” rating on shares of Dine Brands Global in a research report on Monday, December 29th. Mizuho increased their price target on shares of Dine Brands Global from $28.00 to $34.00 and gave the company a “neutral” rating in a research report on Friday, January 9th. Finally, Barclays boosted 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 report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Dine Brands Global currently has an average rating of “Hold” and an average target price of $31.29.

Dine Brands Global Stock Performance

The firm has a market capitalization of $514.79 million, a P/E ratio of 15.94 and a beta of 0.97. The firm’s 50-day moving average is $34.67 and its 200 day moving average is $28.33.

Insider Buying and Selling

In other news, Director Richard J. Dahl purchased 3,600 shares of Dine Brands Global stock in a transaction on Friday, November 21st. The stock was purchased at an average price of $27.47 per share, with a total value of $98,892.00. Following the transaction, the director directly owned 3,600 shares in the company, valued at $98,892. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 4.56% of the company’s stock.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in DIN. Geode Capital Management LLC boosted its stake in shares of Dine Brands Global by 11.0% during the 4th quarter. Geode Capital Management LLC now owns 351,954 shares of the restaurant operator’s stock worth $11,315,000 after buying an additional 34,872 shares during the last quarter. Argos Wealth Advisors LLC bought a new stake in Dine Brands Global during the fourth quarter worth about $707,000. Ballentine Partners LLC boosted its position in Dine Brands Global by 11.0% during the fourth quarter. Ballentine Partners LLC now owns 11,848 shares of the restaurant operator’s stock valued at $381,000 after purchasing an additional 1,173 shares during the last quarter. Financial Management Professionals Inc. grew its stake in Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock valued at $34,000 after purchasing an additional 326 shares in the last quarter. Finally, SG Americas Securities LLC increased its position in shares of Dine Brands Global by 4.6% during the 4th quarter. SG Americas Securities LLC now owns 83,919 shares of the restaurant operator’s stock worth $2,697,000 after purchasing an additional 3,700 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.