Dine Brands Global, Inc. (NYSE:DIN) Short Interest Up 9.3% in December

Dine Brands Global, Inc. (NYSE:DIN) was the target of a significant growth in short interest during 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. Currently, 12.6% of the shares of the company are short sold. Based on an average daily trading volume, of 571,400 shares, the short-interest ratio is currently 3.3 days.

Analysts Set New Price Targets

A number of analysts recently weighed in on DIN shares. Benchmark reissued a “hold” rating on shares of Dine Brands Global in a research note on Tuesday, October 29th. Piper Sandler lowered their target price on shares of Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a research note on Monday, November 18th. Wedbush reissued an “outperform” rating and issued a $47.00 target price on shares of Dine Brands Global in a research note on Friday, November 15th. UBS Group lowered their target price on shares of Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research note on Thursday, November 7th. Finally, StockNews.com cut shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Tuesday, November 5th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $44.71.

Hedge Funds Weigh In On Dine Brands Global

Large investors have recently modified their holdings of the stock. Point72 DIFC Ltd acquired a new position in shares of Dine Brands Global during the third quarter worth approximately $29,000. Quarry LP lifted its holdings in Dine Brands Global by 32.8% in the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock valued at $83,000 after buying an additional 567 shares during the period. Signaturefd LLC lifted its holdings in Dine Brands Global by 383.4% in the third quarter. Signaturefd LLC now owns 2,973 shares of the restaurant operator’s stock valued at $93,000 after buying an additional 2,358 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Dine Brands Global by 30.1% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock valued at $117,000 after buying an additional 746 shares during the period. Finally, Canada Pension Plan Investment Board lifted its holdings in Dine Brands Global by 400.0% in the second quarter. Canada Pension Plan Investment Board now owns 4,000 shares of the restaurant operator’s stock valued at $145,000 after buying an additional 3,200 shares during the period. 92.83% of the stock is currently owned by institutional investors and hedge funds.

Dine Brands Global Trading Down 1.0 %

Shares of Dine Brands Global stock opened at $30.10 on Thursday. The stock has a market capitalization of $458.90 million, a price-to-earnings ratio of 5.01 and a beta of 1.73. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $51.35. The firm’s 50-day moving average price is $32.31 and its two-hundred day moving average price is $32.55.

Dine Brands Global (NYSE:DIN) last issued its quarterly earnings data on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, topping the consensus estimate of $1.34 by $0.10. The firm 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 company’s quarterly revenue was down 3.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.46 earnings per share. As a group, equities research analysts predict that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Dividend Announcement

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

About Dine Brands Global

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.