Dine Brands Global, Inc. (NYSE:DIN) Short Interest Update

Dine Brands Global, Inc. (NYSE:DIN) was the recipient of a large decline in short interest during the month of September. As of September 30th, there was short interest totalling 2,020,000 shares, a decline of 15.5% from the September 15th total of 2,390,000 shares. Approximately 13.6% of the shares of the stock are short sold. Based on an average daily trading volume, of 631,800 shares, the short-interest ratio is currently 3.2 days.

Dine Brands Global Trading Down 2.4 %

Shares of DIN stock traded down $0.75 during trading hours on Monday, hitting $30.55. The company’s stock had a trading volume of 577,155 shares, compared to its average volume of 427,439. The company has a 50 day moving average of $31.13 and a 200 day moving average of $36.60. The stock has a market cap of $470.62 million, a PE ratio of 5.57 and a beta of 1.71. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $53.26.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating the consensus estimate of $1.64 by $0.07. The business had revenue of $206.30 million for the quarter, compared to the consensus estimate of $210.46 million. Dine Brands Global had a net margin of 11.14% and a negative return on equity of 35.88%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $1.82 EPS. As a group, analysts anticipate that Dine Brands Global will post 5.83 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, October 8th. Investors of record on Friday, September 20th were issued a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a yield of 6.68%. The ex-dividend date was Friday, September 20th. Dine Brands Global’s dividend payout ratio (DPR) is presently 36.30%.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Creative Planning lifted its holdings in Dine Brands Global by 162.8% during the third quarter. Creative Planning now owns 25,573 shares of the restaurant operator’s stock valued at $799,000 after purchasing an additional 15,843 shares in the last quarter. SG Americas Securities LLC lifted its holdings in Dine Brands Global by 56.9% during the third quarter. SG Americas Securities LLC now owns 4,819 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 1,748 shares in the last quarter. Quarry LP lifted its holdings in Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after purchasing an additional 567 shares in the last quarter. Clearline Capital LP lifted its holdings in Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after purchasing an additional 86,241 shares in the last quarter. Finally, AQR Capital Management LLC lifted its holdings in Dine Brands Global by 173.6% during the second quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock valued at $5,086,000 after purchasing an additional 89,152 shares in the last quarter. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. UBS Group dropped their price target on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, August 8th. Benchmark cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Thursday, August 8th. Barclays dropped their price target on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a research note on Thursday, August 8th. Wedbush raised shares of Dine Brands Global from a “neutral” rating to an “outperform” rating and boosted their price objective for the company from $34.00 to $47.00 in a research report on Tuesday, October 1st. Finally, StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $46.57.

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.