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

Key Points

• Dine Brands Global's stock recently surpassed its 200-day moving average, trading as high as $29.07 before settling at $27.71.
• The company announced a quarterly dividend of $0.51 per share, yielding 7.4%, with a payout ratio of 68%.
• Analysts have varied opinions on the stock; Zacks upgraded it to a "hold," while Weiss Ratings maintained a "sell" rating, resulting in an average rating of "hold" with a price target of $26.86.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.66 and traded as high as $29.07. Dine Brands Global shares last traded at $27.71, with a volume of 460,978 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently commented on DIN shares. Zacks Research raised Dine Brands Global from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. Weiss Ratings reiterated a "sell (d+)" rating on shares of Dine Brands Global in a report on Wednesday, October 8th. Barclays lowered their target price on Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating on the stock in a report on Thursday, August 7th. Finally, KeyCorp increased their target price on Dine Brands Global from $26.00 to $32.00 and gave the company an "overweight" rating in a report on Monday. One research analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, Dine Brands Global currently has an average rating of "Hold" and an average price target of $26.86.

Dine Brands Global Trading Up 0.3%

The company has a market cap of $426.10 million, a PE ratio of 9.24 and a beta of 1.05. The business has a 50 day simple moving average of $24.32 and a two-hundred day simple moving average of $23.66.

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

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 8th. Shareholders of record on Friday, September 19th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 7.4%. The ex-dividend date of this dividend was Friday, September 19th. Dine Brands Global's dividend payout ratio is currently 68.00%.

Insiders Place Their Bets

In other Dine Brands Global news, CFO Vance Yuwen Chang bought 2,340 shares of the stock in a transaction dated Thursday, August 21st. The stock was bought at an average cost of $21.10 per share, for a total transaction of $49,374.00. Following the completion of the purchase, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO John W. Peyton bought 4,523 shares of the stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of $22.11 per share, with a total value of $100,003.53. Following the completion of the purchase, 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 disclosure for this purchase can be found here. Corporate insiders own 4.56% of the company's stock.

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. lifted its holdings in Dine Brands Global by 7.4% in the first quarter. Vanguard Group Inc. now owns 1,043,716 shares of the restaurant operator's stock worth $24,287,000 after acquiring an additional 71,941 shares during the last quarter. LSV Asset Management lifted its holdings in Dine Brands Global by 1.9% in the first quarter. LSV Asset Management now owns 647,392 shares of the restaurant operator's stock worth $15,065,000 after acquiring an additional 12,300 shares during the last quarter. Millennium Management LLC lifted its holdings in Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock worth $11,817,000 after acquiring an additional 172,013 shares during the last quarter. Marshall Wace LLP lifted its holdings in Dine Brands Global by 4.1% in the second quarter. Marshall Wace LLP now owns 430,413 shares of the restaurant operator's stock worth $10,472,000 after acquiring an additional 16,970 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Dine Brands Global by 1.6% in the second quarter. Geode Capital Management LLC now owns 367,942 shares of the restaurant operator's stock worth $8,954,000 after acquiring an additional 5,717 shares during the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

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.

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