Dine Brands Global, Inc. (NYSE:DIN) Short Interest Down 11.9% in November

Dine Brands Global, Inc. (NYSE:DIN) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 1,770,000 shares, a decrease of 11.9% from the October 31st total of 2,010,000 shares. Based on an average daily volume of 639,800 shares, the short-interest ratio is presently 2.8 days. Approximately 11.9% of the company’s shares are sold short.

Dine Brands Global Stock Up 2.4 %

NYSE:DIN traded up $0.85 on Friday, hitting $35.92. The stock had a trading volume of 269,772 shares, compared to its average volume of 513,065. The business’s fifty day moving average is $32.33 and its 200 day moving average is $33.84. The company has a market cap of $547.78 million, a PE ratio of 5.98 and a beta of 1.71. Dine Brands Global has a 52 week low of $28.25 and a 52 week high of $52.05.

Dine Brands Global (NYSE:DIN) last posted its earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates of $1.34 by $0.10. Dine Brands Global had a negative return on equity of 37.75% and a net margin of 11.31%. The company had revenue of $195.00 million for the quarter, compared to analyst estimates of $198.40 million. During the same quarter last year, the company earned $1.46 earnings per share. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. Equities analysts predict that Dine Brands Global will post 5.84 earnings per share for the current fiscal year.

Dine Brands Global Announces Dividend

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 issued a $0.51 dividend. The ex-dividend date of this dividend is Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a dividend yield of 5.68%. Dine Brands Global’s dividend payout ratio is presently 33.94%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Weiss Asset Management LP purchased a new stake in shares of Dine Brands Global during the third quarter valued at approximately $6,102,000. Jane Street Group LLC increased 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 valued at $7,799,000 after acquiring an additional 173,831 shares during the last quarter. AQR Capital Management LLC increased 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 valued at $5,086,000 after acquiring an additional 89,152 shares during the last quarter. Clearline Capital LP increased its position in shares of Dine Brands Global by 225.0% during the second quarter. Clearline Capital LP now owns 124,573 shares of the restaurant operator’s stock valued at $4,510,000 after acquiring an additional 86,241 shares during the last quarter. Finally, WBI Investments LLC purchased a new stake in shares of Dine Brands Global during the second quarter valued at approximately $2,624,000. Institutional investors own 92.83% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on DIN. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a research report on Monday, November 4th. Barclays upped their target price on Dine Brands Global from $38.00 to $43.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. Piper Sandler cut their price target on Dine Brands Global from $40.00 to $38.00 and set a “neutral” rating on the stock in a report on Monday, November 18th. Wedbush reiterated an “outperform” rating and issued a $47.00 price target on shares of Dine Brands Global in a report on Friday, November 15th. Finally, Truist Financial reiterated a “hold” rating and issued a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a report on Friday, October 4th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $44.71.

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.