Dine Brands Global (NYSE:DIN) Share Price Crosses Above 200 Day Moving Average - Here's What Happened

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.27 and traded as high as $26.16. Dine Brands Global shares last traded at $25.38, with a volume of 268,279 shares traded.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. Truist Financial decreased their target price on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research report on Thursday, May 8th. KeyCorp decreased their price objective on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, May 8th. UBS Group decreased their price objective on shares of Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating for the company in a report on Thursday, May 8th. Finally, Barclays increased their price objective on shares of Dine Brands Global from $21.00 to $24.00 and gave the company an "equal weight" rating in a report on Thursday, May 8th. Eight equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, Dine Brands Global currently has a consensus rating of "Hold" and an average target price of $26.29.

Dine Brands Global Stock Down 0.6%

The firm has a market capitalization of $390.42 million, a price-to-earnings ratio of 6.91 and a beta of 1.18. The firm's 50 day moving average is $24.66 and its 200 day moving average is $25.27.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its earnings results on Wednesday, May 7th. The restaurant operator reported $1.03 EPS for the quarter, missing the consensus estimate of $1.18 by ($0.15). Dine Brands Global had a net margin of 6.69% and a negative return on equity of 34.70%. The business had revenue of $214.78 million for the quarter, compared to analyst estimates of $216.19 million. During the same period in the prior year, the company earned $1.33 earnings per share. The firm's revenue for the quarter was up 4.1% on a year-over-year basis. On average, sell-side analysts predict that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Investors of record on Friday, June 20th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend was Friday, June 20th. Dine Brands Global's dividend payout ratio is presently 56.51%.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds have recently made changes to their positions in the company. Olstein Capital Management L.P. increased its stake in shares of Dine Brands Global by 12.6% during the 1st quarter. Olstein Capital Management L.P. now owns 356,000 shares of the restaurant operator's stock worth $8,284,000 after purchasing an additional 39,842 shares during the last quarter. Wealthfront Advisers LLC bought a new stake in Dine Brands Global in the 4th quarter valued at $447,000. Proficio Capital Partners LLC bought a new stake in Dine Brands Global in the 4th quarter valued at $415,000. Marshall Wace LLP bought a new stake in Dine Brands Global in the 4th quarter valued at $503,000. Finally, Dimensional Fund Advisors LP boosted its holdings in Dine Brands Global by 8.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock valued at $5,724,000 after purchasing an additional 14,958 shares during the period. Hedge funds and other institutional investors own 92.83% of the company's stock.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.