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

Dine Brands Global, Inc. (NYSE:DIN) was the recipient of a large growth in short interest in January. As of January 15th, there was short interest totalling 2,010,000 shares, a growth of 6.9% from the December 31st total of 1,880,000 shares. Based on an average daily trading volume, of 539,000 shares, the short-interest ratio is presently 3.7 days. Currently, 13.5% of the shares of the stock are sold short.

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 business. Cibc World Market Inc. raised its position in Dine Brands Global by 640.6% during the fourth quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after acquiring an additional 428,319 shares in the last quarter. Geode Capital Management LLC raised its position in Dine Brands Global by 1.0% during the third quarter. Geode Capital Management LLC now owns 349,949 shares of the restaurant operator’s stock valued at $10,932,000 after acquiring an additional 3,584 shares in the last quarter. Olstein Capital Management L.P. raised its position in Dine Brands Global by 4.6% during the fourth quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after acquiring an additional 13,953 shares in the last quarter. Jane Street Group LLC raised its position in Dine Brands Global by 229.1% during the third quarter. Jane Street Group LLC now owns 249,713 shares of the restaurant operator’s stock valued at $7,799,000 after acquiring an additional 173,831 shares in the last quarter. Finally, Weiss Asset Management LP bought a new position in Dine Brands Global during the third quarter valued at approximately $6,102,000. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Trading Down 2.6 %

DIN stock traded down $0.80 during mid-day trading on Tuesday, reaching $29.43. 182,420 shares of the stock traded hands, compared to its average volume of 593,654. Dine Brands Global has a 52-week low of $25.68 and a 52-week high of $51.35. The company has a market cap of $448.81 million, a P/E ratio of 4.89 and a beta of 1.75. The stock’s fifty day moving average is $30.66 and its 200-day moving average is $31.53.

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

Dine Brands Global Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Investors of record on Friday, December 20th were issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a dividend yield of 6.93%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on DIN. Wedbush reiterated an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a research report on Friday, November 15th. Piper Sandler cut their price target on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a report on Monday, November 18th. KeyCorp cut their price target on shares of Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a report on Tuesday, October 29th. Finally, CL King downgraded shares of Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. 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, the company currently has a consensus rating of “Hold” and an average target price of $41.29.

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.