Dine Brands Global Inc (NYSE:DIN) Sees Large Growth in Short Interest

Dine Brands Global Inc (NYSE:DIN) was the recipient of a significant increase in short interest in the month of July. As of July 31st, there was short interest totalling 1,939,700 shares, an increase of 21.4% from the June 30th total of 1,597,400 shares. Based on an average daily volume of 345,300 shares, the days-to-cover ratio is presently 5.6 days. Currently, 11.9% of the shares of the company are sold short.

Several brokerages recently commented on DIN. ValuEngine cut Dine Brands Global from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Wedbush reduced their target price on Dine Brands Global from $135.00 to $120.00 and set an “outperform” rating for the company in a research report on Thursday, August 1st. Maxim Group set a $110.00 target price on Dine Brands Global and gave the stock a “buy” rating in a research report on Wednesday, July 31st. Deutsche Bank reduced their target price on Dine Brands Global from $116.00 to $104.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Raymond James cut Dine Brands Global from a “strong-buy” rating to an “outperform” rating and cut their price objective for the company from $125.00 to $105.00 in a report on Thursday, August 1st. Two investment analysts have rated the stock with a sell rating and five have given a buy rating to the company. Dine Brands Global has a consensus rating of “Hold” and an average price target of $110.00.

In related news, SVP Bryan R. Adel sold 8,000 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was sold at an average price of $102.63, for a total value of $821,040.00. Following the completion of the transaction, the senior vice president now directly owns 21,505 shares of the company’s stock, valued at $2,207,058.15. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry Alan Kay sold 400 shares of the firm’s stock in a transaction on Friday, May 17th. The stock was sold at an average price of $89.16, for a total value of $35,664.00. Following the completion of the transaction, the director now directly owns 7,239 shares of the company’s stock, valued at $645,429.24. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,700 shares of company stock valued at $880,749. 2.71% of the stock is owned by company insiders.



Several hedge funds and other institutional investors have recently modified their holdings of the business. 6 Meridian lifted its holdings in shares of Dine Brands Global by 1.8% during the second quarter. 6 Meridian now owns 6,101 shares of the restaurant operator’s stock valued at $582,000 after acquiring an additional 110 shares during the period. Oregon Public Employees Retirement Fund increased its stake in shares of Dine Brands Global by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 6,859 shares of the restaurant operator’s stock valued at $626,000 after buying an additional 124 shares in the last quarter. Bank of Montreal Can increased its stake in shares of Dine Brands Global by 8.1% in the first quarter. Bank of Montreal Can now owns 1,729 shares of the restaurant operator’s stock valued at $158,000 after buying an additional 130 shares in the last quarter. State Board of Administration of Florida Retirement System increased its stake in shares of Dine Brands Global by 1.5% in the first quarter. State Board of Administration of Florida Retirement System now owns 8,653 shares of the restaurant operator’s stock valued at $790,000 after buying an additional 130 shares in the last quarter. Finally, Miles Capital Inc. increased its stake in shares of Dine Brands Global by 6.4% in the second quarter. Miles Capital Inc. now owns 2,340 shares of the restaurant operator’s stock valued at $223,000 after buying an additional 140 shares in the last quarter.

Shares of NYSE DIN traded down $1.84 during midday trading on Wednesday, reaching $77.26. 358,392 shares of the company traded hands, compared to its average volume of 370,849. The firm has a market capitalization of $1.33 billion, a price-to-earnings ratio of 14.39 and a beta of 0.36. The business’s 50-day moving average price is $91.43. Dine Brands Global has a 12 month low of $65.63 and a 12 month high of $104.00.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.85 by ($0.14). The company had revenue of $228.08 million for the quarter, compared to the consensus estimate of $233.69 million. Dine Brands Global had a net margin of 11.73% and a negative return on equity of 59.85%. The firm’s revenue was up 23.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.03 earnings per share. On average, analysts anticipate that Dine Brands Global will post 6.89 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 4th. Shareholders of record on Friday, September 20th will be issued a dividend of $0.69 per share. The ex-dividend date is Thursday, September 19th. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.57%. Dine Brands Global’s payout ratio is presently 51.40%.

About Dine Brands Global

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.

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