Dine Brands Global, Inc. (NYSE:DIN) Short Interest Update

Dine Brands Global, Inc. (NYSE:DIN) was the target of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 2,390,000 shares, a growth of 12.2% from the August 31st total of 2,130,000 shares. Based on an average daily volume of 574,700 shares, the days-to-cover ratio is currently 4.2 days. Approximately 16.0% of the company’s shares are short sold.

Dine Brands Global Trading Up 11.2 %

NYSE:DIN traded up $3.50 during trading hours on Tuesday, hitting $34.73. 1,351,332 shares of the stock traded hands, compared to its average volume of 409,378. The firm has a 50 day moving average price of $31.60 and a 200 day moving average price of $37.49. Dine Brands Global has a fifty-two week low of $28.25 and a fifty-two week high of $53.26. The firm has a market cap of $535.02 million, a price-to-earnings ratio of 6.33 and a beta of 1.72.

Dine Brands Global (NYSE:DIN) last announced its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The company had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. During the same period in the previous year, the business earned $1.82 EPS. The company’s revenue was down 1.0% on a year-over-year basis. Research analysts predict that Dine Brands Global will post 5.86 EPS for the current year.

Dine Brands Global Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 8th. Shareholders of record on Friday, September 20th will be given a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 5.87%. The ex-dividend date is Friday, September 20th. Dine Brands Global’s payout ratio is 36.30%.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the company. StockNews.com raised Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Monday, September 2nd. Barclays cut their price objective on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Truist Financial cut their price objective on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Wedbush raised Dine Brands Global from a “neutral” rating to an “outperform” rating and raised their price objective for the company from $34.00 to $47.00 in a research report on Tuesday. Finally, KeyCorp cut their price objective on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Two analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $50.71.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently bought and sold shares of DIN. LSV Asset Management boosted its holdings in Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after acquiring an additional 18,200 shares during the period. Marshall Wace LLP boosted its holdings in Dine Brands Global by 3.2% during the second quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after acquiring an additional 8,518 shares during the period. First Eagle Investment Management LLC boosted its holdings in Dine Brands Global by 9.9% during the first quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock valued at $12,086,000 after acquiring an additional 23,400 shares during the period. Olstein Capital Management L.P. boosted its holdings in Dine Brands Global by 6.9% during the second quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after acquiring an additional 15,600 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in Dine Brands Global by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after acquiring an additional 4,427 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, and operates restaurants in the United States and internationally. The company operates through six segments: Applebee's Franchise Operations, International House of Pancakes (IHOP) Franchise Solutions, Fuzzy's franchise operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.