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

Dine Brands Global, Inc. (NYSE:DIN) was the recipient of 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 company’s shares are sold short. Based on an average daily volume of 539,000 shares, the days-to-cover ratio is presently 3.7 days.

Institutional Trading of Dine Brands Global

Several institutional investors have recently added to or reduced their stakes in DIN. Cibc World Market Inc. raised its holdings in shares of 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 worth $14,905,000 after purchasing an additional 428,319 shares during the period. Weiss Asset Management LP bought a new position in shares of Dine Brands Global during the third quarter worth about $6,102,000. Jane Street Group LLC grew its position in shares of 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 worth $7,799,000 after acquiring an additional 173,831 shares during the last quarter. AQR Capital Management LLC grew its position in shares of 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 worth $5,086,000 after acquiring an additional 89,152 shares during the last quarter. Finally, Factorial Partners LLC grew its position in shares of Dine Brands Global by 217.6% during the third quarter. Factorial Partners LLC now owns 104,816 shares of the restaurant operator’s stock worth $3,273,000 after acquiring an additional 71,816 shares during the last quarter. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Stock Down 2.6 %

Shares of NYSE DIN traded down $0.80 during trading on Tuesday, reaching $29.43. 182,420 shares of the stock were exchanged, compared to its average volume of 593,654. The business’s 50-day moving average price is $30.66 and its 200 day moving average price is $31.53. Dine Brands Global has a twelve month low of $25.68 and a twelve month high of $51.35. The company has a market capitalization of $448.81 million, a price-to-earnings ratio of 4.89 and a beta of 1.75.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping analysts’ consensus estimates of $1.34 by $0.10. The business had revenue of $195.00 million for the quarter, compared to analysts’ expectations 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 revenue for the quarter was down 3.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.46 earnings per share. As a group, sell-side analysts expect that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Dividend Announcement

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 $0.51 dividend. The ex-dividend date was Friday, December 20th. This represents a $2.04 annualized dividend and a yield of 6.93%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on DIN shares. UBS Group restated a “neutral” rating and issued a $32.00 target price (down from $44.00) on shares of Dine Brands Global in a report on Tuesday, January 7th. Benchmark reiterated a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Barclays reiterated an “equal weight” rating and set a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Finally, Piper Sandler decreased their price objective on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating for the company in a research note on Monday, November 18th. Seven equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $41.29.

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.