DINE BRANDS GLOBAL (NYSE:DIN) Share Price Crosses Above Two Hundred 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.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DIN shares. UBS Group reduced their price target on DINE BRANDS GLOBAL from $25.00 to $21.00 and set a "neutral" rating on the stock in a report on Thursday, May 8th. Barclays increased their price target on DINE BRANDS GLOBAL from $21.00 to $24.00 and gave the stock an "equal weight" rating in a report on Thursday, May 8th. Truist Financial reduced their price target on DINE BRANDS GLOBAL from $27.00 to $23.00 and set a "hold" rating on the stock in a report on Thursday, May 8th. Finally, KeyCorp reduced their price target on DINE BRANDS GLOBAL from $30.00 to $26.00 and set an "overweight" rating on the stock 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 MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $26.29.

DINE BRANDS GLOBAL Trading Down 0.8%

The stock has a market cap of $389.66 million, a price-to-earnings ratio of 6.91 and a beta of 1.18. The stock has a 50-day moving average price of $24.84 and a two-hundred day moving average price of $25.20.

DINE BRANDS GLOBAL (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts' consensus estimates of $1.18 by ($0.15). DINE BRANDS GLOBAL had a negative return on equity of 34.70% and a net margin of 6.69%. The business had revenue of $214.78 million during the quarter, compared to analyst estimates of $216.19 million. During the same period in the previous year, the business earned $1.33 EPS. The firm's revenue for the quarter was up 4.1% 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 Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th were issued a $0.51 dividend. The ex-dividend date was Friday, June 20th. This represents a $2.04 annualized dividend and a dividend yield of 8.18%. DINE BRANDS GLOBAL's dividend payout ratio (DPR) is presently 56.51%.

Institutional Investors Weigh In On DINE BRANDS GLOBAL

Large investors have recently bought and sold shares of the company. Olstein Capital Management L.P. lifted its stake in DINE BRANDS GLOBAL by 12.6% during the first 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 in the last quarter. Wealthfront Advisers LLC acquired a new position in shares of DINE BRANDS GLOBAL during the 4th quarter worth approximately $447,000. Proficio Capital Partners LLC acquired a new position in DINE BRANDS GLOBAL in the 4th quarter valued at $415,000. Marshall Wace LLP acquired a new position in DINE BRANDS GLOBAL in the 4th quarter valued at $503,000. Finally, Dimensional Fund Advisors LP grew its stake in shares of DINE BRANDS GLOBAL by 8.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 190,145 shares of the restaurant operator's stock valued at $5,724,000 after buying an additional 14,958 shares during the period. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

About DINE BRANDS GLOBAL

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.