Dine Brands Global, Inc. (NYSE:DIN – Get 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.
Dine Brands Global Stock Down 1.0 %
Dine Brands Global (NYSE:DIN – Get 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
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.
See Also
- Five stocks we like better than Dine Brands Global
- What Are the U.K. Market Holidays? How to Invest and Trade
- Work and Play: Investing in the Rise of Bleisure Travel
- How to Know if a Stock Pays Dividends and When They Are Paid Out
- Top Dividend Stocks to Buy Now as Bond Yields Could Lower
- 3 Warren Buffett Stocks to Buy Now
- SAP: AI Tailwinds Accelerating Enterprise Cloud Business
Receive News & Ratings for Dine Brands Global Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dine Brands Global and related companies with MarketBeat.com's FREE daily email newsletter.