Dine Brands Global, Inc. (NYSE:DIN) Short Interest Up 19.7% in August

Dine Brands Global, Inc. (NYSE:DIN) was the target of a significant growth in short interest in August. As of August 15th, there was short interest totalling 1,640,000 shares, a growth of 19.7% from the July 31st total of 1,370,000 shares. Currently, 11.0% of the shares of the stock are sold short. Based on an average daily volume of 481,300 shares, the days-to-cover ratio is currently 3.4 days.

Dine Brands Global Trading Down 0.8 %

NYSE DIN opened at $31.62 on Friday. The firm has a market cap of $487.11 million, a PE ratio of 5.63 and a beta of 1.74. Dine Brands Global has a 1-year low of $29.25 and a 1-year high of $56.17. The stock has a 50-day moving average of $33.49 and a 200-day moving average of $40.05.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.07. Dine Brands Global had a negative return on equity of 35.31% and a net margin of 10.59%. The firm had revenue of $206.30 million during the quarter, compared to the consensus estimate of $210.46 million. During the same quarter in the previous year, the company posted $1.82 earnings per share. The business’s revenue was down 1.0% on a year-over-year basis. As a group, equities research analysts forecast that Dine Brands Global will post 6.16 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dine Brands Global

A number of large investors have recently added to or reduced their stakes in DIN. LSV Asset Management boosted its holdings in shares of Dine Brands Global by 2.8% during the second quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock worth $23,932,000 after purchasing an additional 18,200 shares during the period. Marshall Wace LLP raised its position in Dine Brands Global by 3.2% during the 2nd quarter. Marshall Wace LLP now owns 278,087 shares of the restaurant operator’s stock valued at $10,067,000 after purchasing an additional 8,518 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in Dine Brands Global by 9.9% in the 1st quarter. First Eagle Investment Management LLC now owns 260,032 shares of the restaurant operator’s stock worth $12,086,000 after buying an additional 23,400 shares during the period. Olstein Capital Management L.P. grew its position in shares of Dine Brands Global by 6.9% in the 2nd quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock worth $8,746,000 after buying an additional 15,600 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of 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 buying an additional 4,427 shares during the period. Institutional investors own 92.83% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on DIN. Piper Sandler cut their price target on shares of Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. UBS Group reduced their target price on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research note on Thursday, August 8th. Truist Financial dropped their price target on Dine Brands Global from $71.00 to $66.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. StockNews.com cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Finally, KeyCorp decreased their price objective on Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $48.86.

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.