Dine Brands Global (NYSE:DIN) Shares Pass Above Two Hundred Day Moving Average - Time to Sell?

Key Points

• Dine Brands shares rose above their 200-day moving average, reaching $33.73 before closing at $32.98, compared with the moving average of $31.60.
• Analyst sentiment remains cautious: eight analysts rate the stock Hold and one rates it Sell, producing a consensus “Reduce” rating and a $32.83 price target.
• The company slightly missed quarterly EPS expectations, reporting $1.16 versus $1.20 expected, although revenue increased 4.4% year over year to $240.9 million. Institutional investors own 92.83% of the shares.

Shares of Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $31.60 and traded as high as $33.73. Dine Brands Global shares last traded at $32.98, with a volume of 198,961 shares trading hands.

Analyst Ratings Changes

DIN has been the topic of several recent research reports. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dine Brands Global in a research note on Tuesday, June 9th. Mizuho set a $38.00 price target on shares of Dine Brands Global in a research note on Thursday, August 6th. Barclays decreased their price target on shares of Dine Brands Global from $30.00 to $28.00 and set an "equal weight" rating on the stock in a research note on Thursday, May 7th. Piper Sandler upped their price objective on shares of Dine Brands Global from $28.00 to $37.00 and gave the company a "neutral" rating in a research note on Monday, August 10th. Finally, Freedom Broker upgraded shares of Dine Brands Global to a "hold" rating in a report on Monday, August 24th. Eight research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus price target of $32.83.

Dine Brands Global Price Performance

The stock has a 50 day simple moving average of $35.20 and a two-hundred day simple moving average of $31.60. The company has a market cap of $417.53 million, a price-to-earnings ratio of 70.17 and a beta of 0.96.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%.The company had revenue of $240.90 million during the quarter, compared to analyst estimates of $237.28 million. During the same period last year, the business earned $1.17 earnings per share. The firm's revenue was up 4.4% compared to the same quarter last year. As a group, research analysts forecast that Dine Brands Global, Inc. will post 4.28 EPS for the current year.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in shares of Dine Brands Global in the 2nd quarter valued at approximately $47,832,000. Cibc World Market Inc. acquired a new position in Dine Brands Global in the second quarter valued at approximately $25,212,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Dine Brands Global in the fourth quarter valued at approximately $9,099,000. Millennium Management LLC grew its position 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 period. Finally, Nomura Holdings Inc. purchased a new position in Dine Brands Global in the third quarter worth approximately $4,175,000. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Company Profile

Dine Brands Global, Inc is a leading franchisor and operator of full‐service restaurants in the casual dining and breakfast segments. The company's primary brands include IHOP®, known for its wide variety of breakfast offerings and pancakes, and Applebee's Neighborhood Grill + Bar®, a casual dining concept featuring a range of American entrées, appetizers and cocktails. Through its franchise model, Dine Brands works with independent restaurant owners to develop, market and support both domestic and international locations.

The origins of Dine Brands Global date back to the founding of the International House of Pancakes (IHOP) in 1958 in California.

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