Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) 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.
Read Our Latest Stock Report on DIN
Hedge Funds Weigh In On Dine Brands Global
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 – Get Free Report) 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.
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