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

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $25.93 and traded as high as $28.03. Dine Brands Global shares last traded at $27.75, with a volume of 461,509 shares.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Wedbush lowered their price target on Dine Brands Global from $28.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, March 6th. Truist Financial dropped their price target on shares of Dine Brands Global from $27.00 to $23.00 and set a "hold" rating on the stock in a research note 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. Sanford C. Bernstein set a $26.00 target price on shares of Dine Brands Global in a research report on Thursday, March 6th. Finally, Barclays raised their target price on 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 investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, Dine Brands Global has an average rating of "Hold" and an average price target of $26.29.

Dine Brands Global Stock Up 3.9%

The firm has a market cap of $427.11 million, a P/E ratio of 7.57 and a beta of 1.18. The stock's 50-day moving average is $23.04 and its 200-day moving average is $25.84.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The restaurant operator reported $1.03 EPS 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 company 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 posted $1.33 EPS. The firm's quarterly revenue was up 4.1% on a year-over-year basis. As a group, analysts expect that Dine Brands Global, Inc. will post 5.84 EPS for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 9th. Stockholders of record on Friday, June 20th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 7.47%. The ex-dividend date of this dividend is Friday, June 20th. Dine Brands Global's payout ratio is presently 56.51%.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently made changes to their positions in the business. Rhumbline Advisers grew its position in Dine Brands Global by 1.5% in the fourth quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator's stock valued at $723,000 after acquiring an additional 362 shares during the period. South Dakota Investment Council boosted its stake in shares of Dine Brands Global by 6.2% in the 4th quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator's stock valued at $5,290,000 after purchasing an additional 10,324 shares in the last quarter. Y Intercept Hong Kong Ltd grew its holdings in shares of Dine Brands Global by 31.8% in the 4th quarter. Y Intercept Hong Kong Ltd now owns 9,431 shares of the restaurant operator's stock worth $284,000 after purchasing an additional 2,278 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Dine Brands Global by 6.4% in the 4th quarter. Bank of New York Mellon Corp now owns 170,633 shares of the restaurant operator's stock worth $5,136,000 after purchasing an additional 10,248 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new stake in shares of Dine Brands Global during the 4th quarter worth about $415,000. Institutional investors and hedge funds 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.