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

Dine Brands Global, Inc. (NYSE:DIN) was the target of a large increase in short interest in July. As of July 15th, there was short interest totalling 1,230,000 shares, an increase of 11.8% from the June 30th total of 1,100,000 shares. Based on an average daily trading volume, of 419,000 shares, the short-interest ratio is currently 2.9 days. Approximately 8.2% of the shares of the company are sold short.

Dine Brands Global Stock Up 1.0 %

Shares of NYSE:DIN traded up $0.36 during trading on Monday, reaching $34.82. The stock had a trading volume of 358,136 shares, compared to its average volume of 332,341. Dine Brands Global has a fifty-two week low of $31.24 and a fifty-two week high of $60.98. The business has a fifty day moving average price of $36.48 and a 200-day moving average price of $42.28. The stock has a market cap of $536.23 million, a P/E ratio of 6.20 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings results on Wednesday, May 8th. The restaurant operator reported $1.33 earnings per share for the quarter, missing analysts’ consensus estimates of $1.59 by ($0.26). The business had revenue of $206.24 million for the quarter, compared to analysts’ expectations of $210.54 million. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The company’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the company earned $1.97 EPS. As a group, equities analysts forecast that Dine Brands Global will post 6.16 EPS for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, June 20th were paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.86%. The ex-dividend date of this dividend was Thursday, June 20th. Dine Brands Global’s dividend payout ratio is currently 36.30%.

Wall Street Analyst Weigh In

Several research firms have issued reports on DIN. StockNews.com upgraded Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Friday, May 3rd. KeyCorp lowered their target price on Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, July 9th. Barclays cut their price target on Dine Brands Global from $57.00 to $54.00 and set an “overweight” rating for the company in a research note on Thursday, May 9th. Piper Sandler lowered their price objective on shares of Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Finally, Wedbush cut their target price on shares of Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a research report on Thursday, May 9th. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $56.86.

Institutional Investors Weigh In On Dine Brands Global

Several hedge funds have recently modified their holdings of DIN. Summit Securities Group LLC acquired a new position in Dine Brands Global in the second quarter valued at $35,000. Quarry LP grew its holdings in shares of Dine Brands Global by 207.2% during the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares during the period. Headlands Technologies LLC increased its position in Dine Brands Global by 438.7% during the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 623 shares in the last quarter. SG Americas Securities LLC purchased a new position in Dine Brands Global in the second quarter valued at approximately $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares in the last quarter. 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.