Dine Brands Global (NYSE:DIN) Stock Breaks Above 200-Day Moving Average - Should You Sell?

Key Points

• Dine Brands Global shares moved above their 200-day moving average, reaching $32.20 before last trading at $31.10. The stock has a market capitalization of approximately $394 million and a P/E ratio of 66.18.
• Analysts remain cautious, with all nine analysts rating the stock a “Hold”. The consensus price target is $34, including targets of $37 from Piper Sandler and $38 from Mizuho.
• The company’s latest quarterly results were mixed: revenue rose 4.4% year over year to $240.9 million, but earnings per share of $1.16 missed estimates. Dine Brands also pays a $0.19 quarterly dividend, equivalent to a 2.4% yield, though its payout ratio is high at 161.7%.

Dine Brands Global, Inc. (NYSE:DIN - Get Free Report) crossed above its 200-day moving average during trading on Wednesday. The stock has a 200-day moving average of $31.62 and traded as high as $32.20. Dine Brands Global shares last traded at $31.1040, with a volume of 392,020 shares traded.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a "hold (c-)" rating on shares of Dine Brands Global in a report on Friday, September 4th. Freedom Broker upgraded shares of Dine Brands Global to a "hold" rating in a research note on Monday, August 24th. Benchmark reissued a "hold" rating on shares of Dine Brands Global in a report on Monday, August 10th. Mizuho set a $38.00 price target on shares of Dine Brands Global in a research report on Thursday, August 6th. Finally, Piper Sandler raised their price target on shares of Dine Brands Global from $28.00 to $37.00 and gave the company a "neutral" rating in a research report on Monday, August 10th. Nine investment analysts have rated the stock with a Hold rating. Based on data from MarketBeat, Dine Brands Global has an average rating of "Hold" and a consensus price target of $34.00.

Dine Brands Global Stock Performance

The company has a 50 day moving average of $31.06 and a two-hundred day moving average of $31.62. The stock has a market cap of $393.78 million, a PE ratio of 66.18 and a beta of 0.98.

Dine Brands Global (NYSE:DIN - Get Free Report) last released its quarterly earnings results on Wednesday, August 5th. The restaurant operator reported $1.16 earnings per share for the quarter, missing analysts' consensus estimates of $1.20 by ($0.04). The business had revenue of $240.90 million during the quarter, compared to analyst estimates of $237.28 million. Dine Brands Global had a negative return on equity of 20.34% and a net margin of 0.75%. The business's revenue for the quarter was up 4.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.17 EPS. As a group, equities research analysts anticipate that Dine Brands Global, Inc. will post 4.27 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Wednesday, September 16th were given a $0.19 dividend. The ex-dividend date was Wednesday, September 16th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.4%. Dine Brands Global's payout ratio is 161.70%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DIN. Public Employees Retirement System of Ohio purchased a new position in shares of Dine Brands Global during the 2nd quarter valued at approximately $35,000. Legal & General Group Plc acquired a new stake in Dine Brands Global in the 2nd quarter valued at $43,000. Meeder Asset Management Inc. purchased a new stake in Dine Brands Global in the 2nd quarter worth $73,000. Connective Capital Management LLC purchased a new stake in Dine Brands Global in the 2nd quarter worth $168,000. Finally, Empowered Funds LLC purchased a new stake in Dine Brands Global in the 2nd quarter worth $208,000. 92.83% of the stock is owned by institutional investors and hedge funds.

About Dine Brands Global

Dine Brands Global, Inc NYSE: DIN is a franchisor and restaurant-services company that owns and supports a portfolio of full-service dining brands. Its primary brands are Applebee's Neighborhood Grill + Bar, a casual-dining chain known for burgers, steaks, drinks and other American fare, and IHOP, a family-dining chain specializing in pancakes, breakfast foods and a broad menu of lunch and dinner items.

The company's business model is primarily franchise-based. Dine Brands provides franchisees with brand development, restaurant concepts, marketing, training, technology and operational support, while generating revenue through franchise royalties, fees and other related services.

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