Short Interest in Dine Brands Global, Inc. (NYSE:DIN) Rises By 11.8%

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

Hedge Funds Weigh In On Dine Brands Global

Large investors have recently made changes to their positions in the business. First Eagle Investment Management LLC boosted its stake 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 purchasing an additional 23,400 shares in the last quarter. Olstein Capital Management L.P. grew its holdings in shares of Dine Brands Global by 6.9% during the second quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after buying an additional 15,600 shares during the last quarter. Bank of New York Mellon Corp increased its position 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 acquiring an additional 4,427 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dine Brands Global by 1.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 176,464 shares of the restaurant operator’s stock worth $8,761,000 after acquiring an additional 2,286 shares during the last quarter. Finally, Armistice Capital LLC bought a new position in Dine Brands Global in the 4th quarter valued at approximately $3,724,000. 92.83% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DIN has been the subject of several analyst reports. Wedbush lowered their price objective on Dine Brands Global from $48.00 to $46.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a report on Friday, May 3rd. Barclays reduced their price objective on shares of 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. KeyCorp lowered their target price on shares of Dine Brands Global from $50.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 9th. Finally, Piper Sandler dropped their price objective on 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. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $56.86.

Dine Brands Global Trading Up 1.0 %

NYSE DIN traded up $0.36 on Monday, hitting $34.82. The company’s stock had a trading volume of 358,136 shares, compared to its average volume of 332,341. The firm has a market cap of $536.23 million, a P/E ratio of 6.20 and a beta of 1.74. Dine Brands Global has a 52-week low of $31.24 and a 52-week high of $60.98. The company’s 50-day simple moving average is $36.48 and its 200 day simple moving average is $42.28.

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

Dine Brands Global Announces Dividend

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

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.