Short Interest in Dine Brands Global, Inc. (NYSE:DIN) Expands By 12.2%

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

Wall Street Analyst Weigh In

A number of brokerages have issued reports on DIN. Truist Financial cut their price target on shares of Dine Brands Global from $71.00 to $66.00 and set a “buy” rating on the stock in a report on Thursday, August 8th. Barclays cut their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a report on Thursday, August 8th. KeyCorp decreased their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. UBS Group cut their price objective on Dine Brands Global from $56.00 to $51.00 and set a “buy” rating on the stock in a research report on Thursday, August 8th. Finally, Wedbush decreased their target price on Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

Hedge Funds Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently made changes to their positions in the business. LSV Asset Management raised its position in shares of Dine Brands Global by 2.8% during the 2nd quarter. LSV Asset Management now owns 661,092 shares of the restaurant operator’s stock valued at $23,932,000 after buying an additional 18,200 shares in the last quarter. Marshall Wace LLP raised its position 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 purchasing an additional 8,518 shares during the period. First Eagle Investment Management LLC lifted its stake in shares of 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 valued at $12,086,000 after purchasing an additional 23,400 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings 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 purchasing an additional 15,600 shares during the period. Finally, Bank of New York Mellon Corp increased its position in shares of Dine Brands Global by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 233,464 shares of the restaurant operator’s stock valued at $8,451,000 after purchasing an additional 4,427 shares during the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Price Performance

Shares of NYSE:DIN traded up $0.08 during trading on Friday, hitting $31.64. 693,204 shares of the company’s stock were exchanged, compared to its average volume of 403,378. Dine Brands Global has a 52-week low of $28.25 and a 52-week high of $53.26. The company has a market cap of $487.41 million, a price-to-earnings ratio of 5.63 and a beta of 1.72. The business’s 50-day simple moving average is $31.70 and its 200 day simple moving average is $37.68.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping 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 business had revenue of $206.30 million for the quarter, compared to analysts’ expectations of $210.46 million. During the same quarter in the previous year, the company earned $1.82 EPS. The business’s quarterly revenue was down 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Dine Brands Global will post 5.86 EPS for the current fiscal year.

Dine Brands Global Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 8th. Investors of record on Friday, September 20th will be paid a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.45%. The ex-dividend date is Friday, September 20th. Dine Brands Global’s payout ratio is 36.30%.

About Dine Brands Global

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.