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

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

Hedge Funds Weigh In On Dine Brands Global

Institutional investors and hedge funds have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its stake in shares of Dine Brands Global by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 29,226 shares of the restaurant operator’s stock valued at $1,359,000 after buying an additional 1,424 shares during the period. Virtu Financial LLC increased its stake in shares of Dine Brands Global by 17.5% in the first quarter. Virtu Financial LLC now owns 7,515 shares of the restaurant operator’s stock valued at $349,000 after buying an additional 1,120 shares during the period. CWM LLC increased its stake in shares of Dine Brands Global by 1,093.9% in the second quarter. CWM LLC now owns 3,331 shares of the restaurant operator’s stock valued at $121,000 after buying an additional 3,052 shares during the period. Olstein Capital Management L.P. increased its stake in shares of Dine Brands Global by 6.9% in the second quarter. Olstein Capital Management L.P. now owns 241,600 shares of the restaurant operator’s stock valued at $8,746,000 after buying an additional 15,600 shares during the period. Finally, SG Americas Securities LLC acquired a new stake in shares of Dine Brands Global in the second quarter valued at about $111,000. Institutional investors and hedge funds own 92.83% of the company’s stock.

Dine Brands Global Stock Performance

Shares of Dine Brands Global stock traded up $0.85 during trading on Friday, reaching $35.92. 269,772 shares of the company’s stock were exchanged, compared to its average volume of 513,065. Dine Brands Global has a 1-year low of $28.25 and a 1-year high of $52.05. The company has a market cap of $547.78 million, a P/E ratio of 5.98 and a beta of 1.71. The firm’s 50-day moving average price is $32.33 and its 200 day moving average price is $33.84.

Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, November 6th. The restaurant operator reported $1.44 EPS for the quarter, topping 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 during the quarter, compared to analysts’ expectations of $198.40 million. During the same quarter in the previous year, the firm earned $1.46 EPS. Dine Brands Global’s revenue was down 3.8% on a year-over-year basis. As a group, equities research analysts predict that Dine Brands Global will post 5.84 EPS for the current year.

Dine Brands Global Announces Dividend

The company also recently announced 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 of this dividend is Friday, December 20th. This represents a $2.04 dividend on an annualized basis and a yield of 5.68%. Dine Brands Global’s payout ratio is presently 33.94%.

Wall Street Analysts Forecast Growth

DIN has been the topic of several recent analyst reports. Truist Financial reaffirmed a “hold” rating and set a $37.00 price target (down previously from $66.00) on shares of Dine Brands Global in a research report on Friday, October 4th. UBS Group lowered their price target on Dine Brands Global from $51.00 to $44.00 and set a “buy” rating on the stock in a research report on Thursday, November 7th. CL King lowered Dine Brands Global from a “buy” rating to a “neutral” rating in a report on Monday, November 4th. Wedbush reissued an “outperform” rating and set a $47.00 target price on shares of Dine Brands Global in a report on Friday, November 15th. Finally, KeyCorp decreased their target price on Dine Brands Global from $37.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, October 18th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dine Brands Global currently has an average rating of “Hold” and an average price target 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.