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

Dine Brands Global, Inc. (NYSE:DINGet Free Report) was the recipient of a significant growth in short interest in the month of 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 days-to-cover ratio is currently 3.7 days. Currently, 13.5% of the company’s shares are short sold.

Dine Brands Global Stock Down 1.3 %

NYSE DIN traded down $0.39 during trading hours on Tuesday, hitting $29.84. 46,788 shares of the company were exchanged, compared to its average volume of 586,844. The stock has a 50-day moving average price of $30.66 and a 200 day moving average price of $31.53. Dine Brands Global has a 52 week low of $25.68 and a 52 week high of $51.35. The stock has a market cap of $455.06 million, a PE ratio of 4.97 and a beta of 1.75.

Dine Brands Global (NYSE:DINGet Free Report) last announced its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. The firm had revenue of $195.00 million during the quarter, compared to analyst estimates of $198.40 million. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. Dine Brands Global’s quarterly revenue was down 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.46 earnings per share. As a group, 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, January 7th. Stockholders of record on Friday, December 20th were given a dividend of $0.51 per share. This represents a $2.04 dividend on an annualized basis and a dividend yield of 6.84%. The ex-dividend date was Friday, December 20th. Dine Brands Global’s payout ratio is presently 33.94%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DIN shares. Wedbush reaffirmed an “outperform” rating and set a $47.00 price target on shares of Dine Brands Global in a research report on Friday, November 15th. CL King cut Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a research report on Tuesday, November 5th. Barclays reissued an “equal weight” rating and issued a $32.00 price objective (down from $43.00) on shares of Dine Brands Global in a research note on Tuesday, January 7th. Finally, KeyCorp reduced their price objective on Dine Brands Global from $36.00 to $35.00 and set an “overweight” rating for the company in a report on Friday. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and an average target price of $41.29.

View Our Latest Analysis on Dine Brands Global

Hedge Funds Weigh In On Dine Brands Global

Large investors have recently made changes to their positions in the business. South Dakota Investment Council boosted its stake in shares of Dine Brands Global by 6.2% during the 4th quarter. South Dakota Investment Council now owns 175,763 shares of the restaurant operator’s stock worth $5,290,000 after acquiring an additional 10,324 shares in the last quarter. Rhumbline Advisers increased its holdings in shares of Dine Brands Global by 1.5% during the 4th quarter. Rhumbline Advisers now owns 24,006 shares of the restaurant operator’s stock worth $723,000 after buying an additional 362 shares during the last quarter. Cibc World Market Inc. increased its holdings in Dine Brands Global by 640.6% in the 4th quarter. Cibc World Market Inc. now owns 495,176 shares of the restaurant operator’s stock valued at $14,905,000 after purchasing an additional 428,319 shares during the last quarter. EMC Capital Management increased its holdings in Dine Brands Global by 2,570.0% in the 4th quarter. EMC Capital Management now owns 2,937 shares of the restaurant operator’s stock valued at $88,000 after purchasing an additional 2,827 shares during the last quarter. Finally, Olstein Capital Management L.P. boosted its position in Dine Brands Global by 4.6% in the 4th quarter. Olstein Capital Management L.P. now owns 316,158 shares of the restaurant operator’s stock valued at $9,516,000 after buying an additional 13,953 shares during the period. 92.83% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Company Profile

(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.

Further Reading

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.