Dine Brands Global (NYSE:DIN) Shares Cross Above Two Hundred Day Moving Average - Here's What Happened

Key Points

• Dine Brands Global's stock price has recently surpassed its 200-day moving average, trading as high as $23.40.
• The company reported earnings of <$1.17 EPS for the last quarter, missing estimates by $0.32, but showed an 11.9% year-over-year revenue increase to $230.78 million.
• Analysts' ratings vary, with one "Buy" rating, seven "Hold" ratings, and one "Sell" rating, leading to an average target price of $26.00.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.38 and traded as high as $23.40. Dine Brands Global shares last traded at $23.33, with a volume of 509,863 shares trading hands.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. KeyCorp cut their price target on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Barclays cut their price target on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research note on Thursday, August 7th. Finally, Zacks Research raised shares of Dine Brands Global to a "strong sell" rating in a report on Friday, August 8th. One analyst has rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $26.00.

Dine Brands Global Price Performance

The firm has a market capitalization of $358.82 million, a PE ratio of 7.78 and a beta of 1.05. The company's fifty day simple moving average is $22.91 and its 200-day simple moving average is $23.38.

Dine Brands Global (NYSE:DIN - Get Free Report) last posted its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.32). The company had revenue of $230.78 million for the quarter, compared to analysts' expectations of $222.69 million. Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The business's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period in the previous year, the business earned $1.71 earnings per share. Analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Stockholders of record on Friday, September 19th will be given a $0.51 dividend. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.7%. The ex-dividend date is Friday, September 19th. Dine Brands Global's dividend payout ratio is 68.00%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, CEO John W. Peyton bought 4,523 shares of Dine Brands Global stock in a transaction dated Tuesday, August 19th. The stock was acquired at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the completion of the transaction, the chief executive officer directly owned 189,563 shares of the company's stock, valued at approximately $4,191,237.93. This represents a 2.44% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Vance Yuwen Chang bought 2,340 shares of Dine Brands Global stock in a transaction dated Thursday, August 21st. The stock was acquired at an average price of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, the chief financial officer directly owned 54,130 shares of the company's stock, valued at approximately $1,142,143. The trade was a 4.52% increase in their ownership of the stock. The disclosure for this purchase can be found here. 4.56% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dine Brands Global

A number of hedge funds have recently modified their holdings of DIN. Mountain Hill Investment Partners Corp. raised its position 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 valued at $35,000 after buying an additional 500 shares during the last quarter. Tower Research Capital LLC TRC raised its position in shares of Dine Brands Global by 307.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator's stock valued at $51,000 after buying an additional 1,578 shares during the last quarter. AdvisorShares Investments LLC raised its position in shares of Dine Brands Global by 36.7% in the second quarter. AdvisorShares Investments LLC now owns 4,474 shares of the restaurant operator's stock valued at $109,000 after buying an additional 1,200 shares during the last quarter. GAMMA Investing LLC raised its position in shares of 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 valued at $144,000 after buying an additional 6,049 shares during the last quarter. Finally, Osaic Holdings Inc. increased its position in Dine Brands Global by 544.8% during the second quarter. Osaic Holdings Inc. now owns 7,235 shares of the restaurant operator's stock worth $176,000 after purchasing an additional 6,113 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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