Dine Brands Global (NYSE:DIN) Share Price Passes Above 200-Day Moving Average - Here's Why

Shares of 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.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Barclays increased their price objective on Dine Brands Global from $21.00 to $24.00 and gave the stock an "equal weight" rating in a research report on Thursday, May 8th. KeyCorp lowered their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research report on Thursday, May 8th. UBS Group lowered their price objective on Dine Brands Global from $25.00 to $21.00 and set a "neutral" rating on the stock in a research report on Thursday, May 8th. Finally, Truist Financial lowered their price objective on Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research 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. Based on data from MarketBeat, Dine Brands Global has a consensus rating of "Hold" and a consensus price target of $26.29.

Dine Brands Global Stock Down 0.8%

The stock has a 50-day simple moving average of $24.84 and a two-hundred day simple moving average of $25.17. The firm has a market cap of $389.66 million, a PE ratio of 6.91 and a beta of 1.18.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings results 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 net margin of 6.69% and a negative return on equity of 34.70%. 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 previous year, the business earned $1.33 EPS. The company's revenue for the quarter was up 4.1% on a year-over-year basis. Research analysts expect that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Friday, June 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a $2.04 dividend on an annualized basis and a yield of 8.18%. Dine Brands Global's payout ratio is 56.51%.

Institutional Investors Weigh In On Dine Brands Global

A number of large investors have recently added to or reduced their stakes in the company. Russell Investments Group Ltd. increased its holdings in shares of Dine Brands Global by 6.3% in the fourth quarter. Russell Investments Group Ltd. now owns 7,032 shares of the restaurant operator's stock worth $212,000 after buying an additional 414 shares during the period. Mountain Hill Investment Partners Corp. increased its holdings in shares of Dine Brands Global by 50.0% in the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock worth $35,000 after buying an additional 500 shares during the period. Aigen Investment Management LP increased its holdings in shares of Dine Brands Global by 7.0% in the first quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock worth $236,000 after buying an additional 659 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Dine Brands Global by 9.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 7,889 shares of the restaurant operator's stock worth $237,000 after buying an additional 692 shares during the period. Finally, Price T Rowe Associates Inc. MD increased its holdings in shares of Dine Brands Global by 6.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 15,046 shares of the restaurant operator's stock worth $453,000 after buying an additional 871 shares during the period. Hedge funds and other institutional investors own 92.83% of the company's stock.

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.