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

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 changing hands.

Analyst Ratings Changes

Several equities analysts recently commented on the stock. Mizuho set a $38.00 price target on shares of Dine Brands Global in a report on Thursday, August 6th. Piper Sandler lifted their price target on Dine Brands Global from $28.00 to $37.00 and gave the company a “neutral” rating in a report on Monday, August 10th. Benchmark restated a “hold” rating on shares of Dine Brands Global in a report on Monday, August 10th. Zacks Research raised Dine Brands Global from a “strong sell” rating to a “hold” rating in a report on Tuesday, September 15th. Finally, Freedom Broker upgraded shares of Dine Brands Global to a “hold” rating in a research report on Monday, August 24th. Nine analysts have rated the stock with a Hold rating. According to MarketBeat.com, Dine Brands Global has a consensus rating of “Hold” and an average price target of $34.00.

Get Our Latest Report on DIN

Dine Brands Global Trading Down 2.0%

The company has a fifty day moving average price of $31.01 and a two-hundred day moving average price of $31.66. The firm has a market capitalization of $394.97 million, a price-to-earnings ratio of 66.38 and a beta of 0.98.

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 the consensus estimate of $1.20 by ($0.04). The company had revenue of $240.90 million during the quarter, compared to analysts’ expectations of $237.28 million. Dine Brands Global had a net margin of 0.75% and a negative return on equity of 20.34%. The firm’s quarterly revenue was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.17 earnings per share. As a group, equities research analysts expect that Dine Brands Global, Inc. will post 4.27 earnings per share for the current year.

Dine Brands Global Dividend Announcement

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

Hedge Funds Weigh In On Dine Brands Global

Hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new position in shares of Dine Brands Global in the 2nd quarter worth approximately $47,832,000. Cibc World Market Inc. acquired a new stake in Dine Brands Global in the 2nd quarter valued at approximately $25,212,000. Dimensional Fund Advisors LP raised its position in Dine Brands Global by 19.7% in the first quarter. Dimensional Fund Advisors LP now owns 241,204 shares of the restaurant operator’s stock valued at $6,329,000 after purchasing an additional 39,646 shares during the period. Seven Six Capital Management LLC lifted its stake in Dine Brands Global by 24.1% during the first quarter. Seven Six Capital Management LLC now owns 212,400 shares of the restaurant operator’s stock worth $5,573,000 after purchasing an additional 41,225 shares in the last quarter. Finally, Bank of America Corp DE purchased a new position in shares of Dine Brands Global during the second quarter worth $5,380,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

About Dine Brands Global

(Get Free Report)

Dine Brands Global, Inc is a franchisor and full-service restaurant company that operates a portfolio of well-known dining concepts. Its primary brands are Applebee’s Neighborhood Grill + Bar, which offers casual American dining, and IHOP, which specializes in pancakes, breakfast foods and other all-day meals. The company also owns Fuzzy’s Taco Shop, a fast-casual Mexican restaurant brand acquired in 2022.

Dine Brands generally operates through a franchise-based business model. Independent franchisees own and operate most restaurants under the company’s brands, while Dine Brands provides brand management, restaurant development support, marketing, training, technology and other services.

Further Reading

Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.