Dine Brands Global (NYSE:DIN) Shares Cross Above 200 Day Moving Average – Should You Sell?

Dine Brands Global, Inc. (NYSE:DIN) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $30.89 and traded as high as $31.15. Dine Brands Global shares last traded at $30.50, with a volume of 545,512 shares.

Analysts Set New Price Targets

Several equities research analysts have recently commented on DIN shares. UBS Group reduced their target price on shares of Dine Brands Global from $35.00 to $33.00 and set a “neutral” rating on the stock in a research note on Thursday, February 26th. Barclays reduced their target price 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. Mizuho reduced their target price on shares of Dine Brands Global from $34.00 to $30.00 and set a “neutral” rating on the stock in a research note on Thursday, April 2nd. Zacks Research upgraded shares of Dine Brands Global from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 2nd. Finally, Benchmark restated a “hold” rating on shares of Dine Brands Global in a research note on Monday, March 2nd. Seven research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Dine Brands Global has a consensus rating of “Hold” and a consensus target price of $30.40.

Dine Brands Global Stock Performance

The company’s 50 day moving average price is $28.04 and its 200 day moving average price is $30.89. The company has a market cap of $387.05 million, a price-to-earnings ratio of 30.20 and a beta of 0.94.

Dine Brands Global (NYSE:DIN) last issued its earnings results on Wednesday, May 6th. The restaurant operator reported $0.88 EPS for the quarter, missing the consensus estimate 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 firm had revenue of $225.20 million during the quarter, compared to analyst estimates of $222.08 million. During the same quarter in the prior year, the firm posted $1.03 EPS. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. As a group, analysts predict that Dine Brands Global, Inc. will post 4.62 EPS for the current year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, July 10th. Investors of record on Wednesday, June 24th will be issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Wednesday, June 24th. Dine Brands Global’s payout ratio is currently 75.25%.

Insider Transactions at Dine Brands Global

In other Dine Brands Global news, Director Douglas M. Pasquale purchased 2,000 shares of the business’s stock in a transaction that occurred on Thursday, March 12th. The stock was acquired at an average cost of $28.25 per share, with a total value of $56,500.00. Following the completion of the acquisition, the director directly owned 31,469 shares of the company’s stock, valued at $888,999.25. This represents a 6.79% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael Hyter sold 1,800 shares of Dine Brands Global stock in a transaction dated Friday, May 8th. The shares were sold at an average price of $28.88, for a total value of $51,984.00. Following the completion of the transaction, the director directly owned 9,315 shares of the company’s stock, valued at $269,017.20. This represents a 16.19% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders purchased 6,000 shares of company stock valued at $173,310 over the last ninety days. 6.73% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of Dine Brands Global by 10.8% in the third quarter. Vanguard Group Inc. now owns 1,041,335 shares of the restaurant operator’s stock valued at $25,742,000 after buying an additional 101,304 shares during the last quarter. Cibc World Market Inc. raised its holdings in shares of Dine Brands Global by 14.0% in the fourth quarter. Cibc World Market Inc. now owns 821,184 shares of the restaurant operator’s stock valued at $26,393,000 after buying an additional 101,054 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Dine Brands Global by 51.2% in the first quarter. Millennium Management LLC now owns 507,801 shares of the restaurant operator’s stock valued at $11,817,000 after buying an additional 172,013 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dine Brands Global by 16.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 377,399 shares of the restaurant operator’s stock worth $12,130,000 after purchasing an additional 54,506 shares during the last quarter. Finally, Two Sigma Investments LP raised its holdings in Dine Brands Global by 3.8% during the 3rd quarter. Two Sigma Investments LP now owns 353,292 shares of the restaurant operator’s stock worth $8,733,000 after purchasing an additional 12,821 shares during the last quarter. 92.83% of the stock is owned by institutional investors.

About Dine Brands Global

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.