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

Key Points

• Dine Brands Global shares recently surpassed their 200-day moving average, reaching a price of $25.13 after trading as high as $26.61.
• Analysts have mixed views on the stock, with Zacks upgrading it to a "hold" while others have adjusted their price targets downward, resulting in an average target of $26.00.
• The company reported a quarterly revenue of $230.78 million, exceeding expectations, but EPS came in lower than forecasts, missing by $0.32.

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $23.47 and traded as high as $26.61. Dine Brands Global shares last traded at $25.13, with a volume of 460,959 shares trading hands.

Analyst Upgrades and Downgrades

DIN has been the topic of several recent analyst reports. Zacks Research raised Dine Brands Global from a "strong sell" rating to a "hold" rating in a research note on Monday, October 6th. KeyCorp dropped their price objective on Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating for the company in a report on Thursday, August 7th. Barclays lowered their target price on Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating for the company in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a "sell (d+)" rating on shares of Dine Brands Global in a research report on Wednesday. One investment analyst has rated the stock with a Buy rating, eight have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Dine Brands Global presently has an average rating of "Hold" and a consensus price target of $26.00.

Dine Brands Global Stock Down 5.5%

The firm has a market cap of $386.50 million, a PE ratio of 8.38 and a beta of 1.05. The firm has a 50-day moving average price of $23.53 and a two-hundred day moving average price of $23.47.

Dine Brands Global (NYSE:DIN - Get Free Report) last announced its quarterly earnings data on Wednesday, August 6th. The restaurant operator reported $1.17 EPS 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 company had revenue of $230.78 million for the quarter, compared to analysts' expectations of $222.69 million. During the same quarter in the previous year, the business posted $1.71 EPS. The business's quarterly revenue was up 11.9% compared to the same quarter last year. Research analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 8th. Stockholders of record on Friday, September 19th were paid a $0.51 dividend. The ex-dividend date of this dividend was Friday, September 19th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 8.1%. Dine Brands Global's payout ratio is presently 68.00%.

Insiders Place Their Bets

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

Institutional Trading of Dine Brands Global

Institutional investors and hedge funds have recently made changes to their positions in the company. Millennium Management LLC increased its position in Dine Brands Global by 51.2% in the 1st quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator's stock valued at $11,817,000 after acquiring an additional 172,013 shares during the period. Maverick Capital Ltd. purchased a new stake in Dine Brands Global in the 1st quarter valued at approximately $3,602,000. Landscape Capital Management L.L.C. lifted its stake in Dine Brands Global by 670.2% in the 1st quarter. Landscape Capital Management L.L.C. now owns 127,451 shares of the restaurant operator's stock valued at $2,966,000 after buying an additional 110,903 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Dine Brands Global by 74.7% during the 1st quarter. AQR Capital Management LLC now owns 235,221 shares of the restaurant operator's stock worth $5,474,000 after purchasing an additional 100,580 shares during the period. Finally, Monimus Capital Management LP purchased a new position in shares of Dine Brands Global during the 2nd quarter worth $2,282,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

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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