Dine Brands Global (NYSE:DIN) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DIN shares. Barclays boosted 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 research report on Thursday, May 8th. KeyCorp reduced 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 research note on Thursday, May 8th. UBS Group lowered their price target on 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, Truist Financial reduced their price objective on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating for the company in a research note on Thursday, May 8th. Eight research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $26.29.

Dine Brands Global Stock Performance

The stock has a market cap of $392.78 million, a PE ratio of 6.96 and a beta of 1.18. The company's 50-day moving average price is $24.66 and its 200 day moving average price is $25.27.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly 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 negative return on equity of 34.70% and a net margin of 6.69%. The firm had revenue of $214.78 million for the quarter, compared to analysts' expectations of $216.19 million. During the same quarter in the prior year, the business earned $1.33 earnings per share. The company's quarterly revenue was up 4.1% on a year-over-year basis. As a group, equities 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 paid a $0.51 dividend. This represents a $2.04 annualized dividend and a dividend yield of 8.12%. The ex-dividend date was Friday, June 20th. Dine Brands Global's payout ratio is presently 56.51%.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently modified their holdings of the company. Mountain Hill Investment Partners Corp. purchased a new position in shares of Dine Brands Global in the 4th quarter valued at $30,000. Ancora Advisors LLC acquired a new stake in shares of Dine Brands Global during the fourth quarter worth $40,000. KLP Kapitalforvaltning AS purchased a new stake in shares of Dine Brands Global in the fourth quarter valued at about $89,000. AdvisorShares Investments LLC increased its position in Dine Brands Global by 243.1% during the 4th quarter. AdvisorShares Investments LLC now owns 5,074 shares of the restaurant operator's stock worth $153,000 after purchasing an additional 3,595 shares during the period. Finally, GAMMA Investing LLC raised its position in Dine Brands Global by 5,126.3% in the first quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock worth $144,000 after acquiring an additional 6,049 shares in the last quarter. Institutional investors and hedge funds 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.