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

by · The Cerbat Gem

Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) was the target of a large drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,020,000 shares, a drop of 15.5% from the September 15th total of 2,390,000 shares. Currently, 13.6% of the company’s shares are short sold. Based on an average daily trading volume, of 631,800 shares, the short-interest ratio is presently 3.2 days.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. Summit Securities Group LLC acquired a new position in Dine Brands Global in the second quarter valued at $35,000. Quarry LP lifted its holdings in shares of Dine Brands Global by 207.2% in the 4th quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC boosted its position in shares of Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares during the period. SG Americas Securities LLC purchased a new position in Dine Brands Global during the 2nd quarter worth approximately $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dine Brands Global by 30.1% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares during the period. 92.83% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on DIN. UBS Group dropped their target price on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a report on Thursday, August 8th. Benchmark downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. KeyCorp cut their price target on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating on the stock in a research note on Thursday, August 8th. StockNews.com raised shares of Dine Brands Global from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Barclays dropped their price objective on shares of Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating for the company in a report on Thursday, August 8th. Three analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $46.57.

View Our Latest Research Report on DIN

Dine Brands Global Price Performance

Shares of DIN traded down $0.75 during midday trading on Monday, reaching $30.55. The stock had a trading volume of 577,155 shares, compared to its average volume of 427,439. The company has a market cap of $470.62 million, a price-to-earnings ratio of 5.57 and a beta of 1.71. The company’s fifty day simple moving average is $31.13 and its two-hundred day simple moving average is $36.60. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $53.26.

Dine Brands Global (NYSE:DIN – Get Free Report) last released its quarterly earnings data on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, beating analysts’ consensus estimates 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 negative return on equity of 35.88% and a net margin of 11.14%. The business’s revenue for the quarter was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.82 EPS. On average, sell-side analysts forecast that Dine Brands Global will post 5.83 earnings per share for the current year.

Dine Brands Global Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, October 8th. Stockholders of record on Friday, September 20th were given a dividend of $0.51 per share. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.04 annualized dividend and a dividend yield of 6.68%. Dine Brands Global’s dividend payout ratio is presently 36.30%.

About Dine Brands Global

(Get Free Report)

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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