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

Dine Brands Global, Inc. (NYSE:DIN) was the recipient of a significant increase in short interest during the month of August. As of August 15th, there was short interest totalling 1,640,000 shares, an increase of 19.7% from the July 31st total of 1,370,000 shares. Currently, 11.0% of the shares of the company are short sold. Based on an average daily volume of 481,300 shares, the short-interest ratio is currently 3.4 days.

Dine Brands Global Price Performance

Shares of NYSE:DIN opened at $31.62 on Monday. The company has a market capitalization of $487.11 million, a P/E ratio of 5.63 and a beta of 1.74. The business’s 50 day simple moving average is $33.49 and its 200 day simple moving average is $39.99. Dine Brands Global has a 1 year low of $29.25 and a 1 year high of $56.17.

Dine Brands Global (NYSE:DIN) last released its earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.07. The company had revenue of $206.30 million for the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a negative return on equity of 35.88% and a net margin of 11.14%. Dine Brands Global’s quarterly revenue was down 1.0% on a year-over-year basis. During the same period in the prior year, the firm posted $1.82 EPS. On average, sell-side analysts anticipate that Dine Brands Global will post 5.86 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Piper Sandler cut their target price on shares of Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating for the company in a research note on Thursday, May 9th. KeyCorp cut their price objective on shares of Dine Brands Global from $40.00 to $37.00 and set an “overweight” rating for the company in a research report on Thursday, August 8th. Barclays decreased their target price on Dine Brands Global from $54.00 to $38.00 and set an “overweight” rating on the stock in a research report on Thursday, August 8th. Benchmark cut Dine Brands Global from a “buy” rating to a “hold” rating in a report on Thursday, August 8th. Finally, StockNews.com lowered Dine Brands Global from a “buy” rating to a “hold” rating in a report on Friday, August 16th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.86.

Hedge Funds Weigh In On Dine Brands Global

Several hedge funds have recently bought and sold shares of DIN. Summit Securities Group LLC acquired a new stake in shares of Dine Brands Global during the 2nd quarter worth approximately $35,000. Quarry LP lifted its stake in Dine Brands Global by 207.2% during the fourth quarter. Quarry LP now owns 725 shares of the restaurant operator’s stock worth $36,000 after purchasing an additional 489 shares during the last quarter. Headlands Technologies LLC boosted its holdings in shares of Dine Brands Global by 438.7% in the 1st quarter. Headlands Technologies LLC now owns 765 shares of the restaurant operator’s stock valued at $36,000 after purchasing an additional 623 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Dine Brands Global in the 2nd quarter valued at $111,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Dine Brands Global by 30.1% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,221 shares of the restaurant operator’s stock worth $117,000 after buying an additional 746 shares in the last quarter. 92.83% of the stock is owned by institutional investors.

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.