Short Interest in Dine Brands Global, Inc. (NYSE:DIN) Increases By 6.9%

Dine Brands Global, Inc. (NYSE:DIN) saw a significant increase in short interest in the month of January. As of January 15th, there was short interest totalling 2,010,000 shares, an increase of 6.9% from the December 31st total of 1,880,000 shares. Currently, 13.5% of the shares of the company are short sold. Based on an average daily volume of 539,000 shares, the days-to-cover ratio is currently 3.7 days.

Analyst Upgrades and Downgrades

DIN has been the topic of a number of recent research reports. KeyCorp dropped their price objective on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating on the stock in a research note on Friday. Wedbush reiterated an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research note on Friday, November 15th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Piper Sandler dropped their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Finally, UBS Group reiterated a “neutral” rating and set a $32.00 price target (down from $44.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, Dine Brands Global presently has an average rating of “Hold” and an average price target of $41.29.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Point72 DIFC Ltd bought a new stake in Dine Brands Global in the third quarter worth approximately $29,000. EMC Capital Management raised its stake in Dine Brands Global by 2,570.0% during the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,827 shares during the last quarter. Signaturefd LLC raised its stake in Dine Brands Global by 383.4% during the 3rd quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after purchasing an additional 2,358 shares during the last quarter. Quarry LP raised its stake in shares of Dine Brands Global by 36.3% in the 3rd quarter. Quarry LP now owns 3,130 shares of the restaurant operator’s stock valued at $98,000 after buying an additional 834 shares in the last quarter. Finally, SG Americas Securities LLC raised its stake in shares of Dine Brands Global by 56.9% in the 3rd quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 1,748 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Dine Brands Global Trading Down 1.3 %

NYSE DIN traded down $0.39 during trading hours on Tuesday, reaching $29.84. 46,788 shares of the company traded hands, compared to its average volume of 586,844. The company has a 50 day moving average of $30.66 and a two-hundred day moving average of $31.53. Dine Brands Global has a 12 month low of $25.68 and a 12 month high of $51.35. The stock has a market capitalization of $455.06 million, a PE ratio of 4.97 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million for the quarter, compared to the consensus estimate of $198.40 million. During the same period last year, the firm posted $1.46 EPS. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, equities research analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a $0.51 dividend. The ex-dividend date of this dividend was Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.84%. Dine Brands Global’s payout ratio is currently 33.94%.

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.