Dine Brands Global, Inc. (NYSE:DIN) Sees Significant Growth in Short Interest

Dine Brands Global, Inc. (NYSE:DINGet Free Report) was the recipient of a large growth in short interest in the month of December. As of December 15th, there was short interest totalling 1,880,000 shares, a growth of 9.3% from the November 30th total of 1,720,000 shares. Based on an average trading volume of 571,400 shares, the short-interest ratio is currently 3.3 days. Approximately 12.6% of the company’s shares are short sold.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on DIN. KeyCorp decreased their price target on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, October 18th. UBS Group lowered their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating for the company in a report on Thursday, November 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. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Finally, CL King downgraded Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $44.71.

View Our Latest Report on DIN

Dine Brands Global Stock Down 1.0 %

Shares of NYSE DIN traded down $0.31 on Wednesday, hitting $30.10. The company had a trading volume of 474,979 shares, compared to its average volume of 442,885. Dine Brands Global has a 12-month low of $28.25 and a 12-month high of $51.35. The firm has a market capitalization of $458.90 million, a P/E ratio of 5.01 and a beta of 1.73. The business has a 50 day moving average of $32.31 and a two-hundred day moving average of $32.57.

Dine Brands Global (NYSE:DINGet Free Report) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.34 by $0.10. Dine Brands Global had a net margin of 11.31% and a negative return on equity of 37.75%. The company had revenue of $195.00 million during the quarter, compared to the consensus estimate of $198.40 million. During the same quarter last year, the company earned $1.46 earnings per share. Dine Brands Global’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, sell-side analysts anticipate that Dine Brands Global will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Shareholders of record on Friday, December 20th will be issued a $0.51 dividend. The ex-dividend date is Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a yield of 6.78%. Dine Brands Global’s dividend payout ratio is currently 33.94%.

Institutional Trading of Dine Brands Global

Several large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its stake in shares of Dine Brands Global by 164.7% in the third quarter. JPMorgan Chase & Co. now owns 95,399 shares of the restaurant operator’s stock worth $2,979,000 after acquiring an additional 59,360 shares in the last quarter. Virtu Financial LLC purchased a new stake in Dine Brands Global during the 3rd quarter worth approximately $686,000. Barclays PLC raised its holdings in Dine Brands Global by 135.4% in the third quarter. Barclays PLC now owns 35,946 shares of the restaurant operator’s stock valued at $1,123,000 after acquiring an additional 20,673 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of 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 worth $10,932,000 after purchasing an additional 3,584 shares during the last quarter. Finally, Harvest Investment Advisors LLC grew its stake in Dine Brands Global by 11.6% in the third quarter. Harvest Investment Advisors LLC now owns 32,591 shares of the restaurant operator’s stock worth $1,018,000 after purchasing an additional 3,395 shares in the last quarter. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Company Profile

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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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