Dine Brands Global (NYSE:DIN) Shares Pass Above 200 Day Moving Average – Here’s Why
by Michael Walen · The Markets DailyDine Brands Global, Inc. (NYSE:DIN – Get Free Report) shares passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $31.31 and traded as high as $35.07. Dine Brands Global shares last traded at $33.9570, with a volume of 355,887 shares trading hands.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on DIN shares. KeyCorp reissued a “sector weight” rating on shares of Dine Brands Global in a report on Thursday, April 2nd. Zacks Research upgraded Dine Brands Global from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 2nd. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research report on Monday, March 2nd. UBS Group cut their price objective on Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating for the company in a research note on Thursday, February 26th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Dine Brands Global in a research note on Tuesday. Seven analysts have rated the stock with a Hold rating, According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $30.40.
Check Out Our Latest Research Report on DIN
Dine Brands Global Stock Down 1.1%
The stock has a fifty day moving average of $29.05 and a 200-day moving average of $31.31. The stock has a market cap of $430.91 million, a PE ratio of 33.62 and a beta of 0.97.
Dine Brands Global (NYSE:DIN – Get Free Report) last announced its quarterly earnings data on Wednesday, May 6th. The restaurant operator reported $0.88 earnings per share for the quarter, missing analysts’ consensus estimates of $1.00 by ($0.12). Dine Brands Global had a net margin of 1.77% and a negative return on equity of 23.28%. The business had revenue of $225.20 million during the quarter, compared to analysts’ expectations of $222.08 million. During the same period in the prior year, the firm posted $1.03 EPS. Dine Brands Global’s revenue for the quarter was up 4.8% compared to the same quarter last year. Equities research analysts forecast that Dine Brands Global, Inc. will post 4.64 earnings per share for the current fiscal year.
Dine Brands Global Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, June 24th will be paid a $0.19 dividend. The ex-dividend date of this dividend is Wednesday, June 24th. This represents a $0.76 dividend on an annualized basis and a yield of 2.2%. Dine Brands Global’s dividend payout ratio is presently 75.25%.
Insider Transactions at Dine Brands Global
In other Dine Brands Global news, Director Michael Hyter sold 1,800 shares of the stock in a transaction on Friday, May 8th. The stock was sold at an average price of $28.88, for a total transaction of $51,984.00. Following the transaction, the director owned 9,315 shares of the company’s stock, valued at $269,017.20. This represents a 16.19% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 6.73% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Garton & Associates Financial Advisors LLC purchased a new position in Dine Brands Global in the fourth quarter valued at about $26,000. Advisory Services Network LLC bought a new stake in shares of Dine Brands Global in the third quarter worth $27,000. Financial Management Professionals Inc. increased its stake in shares of Dine Brands Global by 45.4% in the fourth quarter. Financial Management Professionals Inc. now owns 1,044 shares of the restaurant operator’s stock worth $34,000 after buying an additional 326 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC bought a new stake in shares of Dine Brands Global in the third quarter worth $50,000. Finally, Tower Research Capital LLC TRC increased its stake in shares of Dine Brands Global by 307.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,091 shares of the restaurant operator’s stock worth $51,000 after buying an additional 1,578 shares during the last quarter. Hedge funds and other institutional investors own 92.83% of the company’s stock.
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.