Dine Brands Global Inc (NYSE:DIN) saw a large increase in short interest in July. As of July 31st, there was short interest totalling 1,939,700 shares, an increase of 21.4% from the June 30th total of 1,597,400 shares. Currently, 11.9% of the shares of the stock are sold short. Based on an average daily volume of 345,300 shares, the short-interest ratio is currently 5.6 days.
A number of research firms have commented on DIN. Maxim Group set a $110.00 price objective on shares of Dine Brands Global and gave the company a “buy” rating in a research note on Wednesday, July 31st. ValuEngine lowered shares of Dine Brands Global from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research lowered shares of Dine Brands Global from a “hold” rating to a “strong sell” rating in a research note on Monday, August 5th. Barclays began coverage on shares of Dine Brands Global in a research note on Thursday, July 11th. They set an “overweight” rating and a $115.00 price objective for the company. Finally, Raymond James lowered shares of Dine Brands Global from a “strong-buy” rating to an “outperform” rating and reduced their price objective for the company from $125.00 to $105.00 in a research note on Thursday, August 1st. Two research analysts have rated the stock with a sell rating and five have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $110.00.
In other Dine Brands Global news, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction dated Friday, May 17th. The shares were sold at an average price of $89.16, for a total transaction of $35,664.00. Following the completion of the sale, the director now directly owns 7,239 shares of the company’s stock, valued at $645,429.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Bryan R. Adel sold 8,000 shares of the company’s stock in a transaction dated Friday, July 5th. The shares were sold at an average price of $102.63, for a total transaction of $821,040.00. Following the sale, the senior vice president now directly owns 21,505 shares of the company’s stock, valued at $2,207,058.15. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,700 shares of company stock valued at $880,749. Insiders own 2.71% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Coastal Investment Advisors Inc. purchased a new stake in shares of Dine Brands Global in the second quarter worth approximately $29,000. KBC Group NV purchased a new stake in shares of Dine Brands Global in the second quarter worth approximately $29,000. Advisor Group Inc. lifted its position in shares of Dine Brands Global by 4,107.7% in the second quarter. Advisor Group Inc. now owns 547 shares of the restaurant operator’s stock worth $52,000 after purchasing an additional 534 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in Dine Brands Global by 515.0% in the second quarter. Tower Research Capital LLC TRC now owns 615 shares of the restaurant operator’s stock worth $59,000 after buying an additional 515 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Dine Brands Global by 39.5% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,394 shares of the restaurant operator’s stock worth $127,000 after buying an additional 395 shares during the last quarter.
Shares of NYSE DIN traded down $1.84 during mid-day trading on Wednesday, reaching $77.26. The company had a trading volume of 358,392 shares, compared to its average volume of 370,849. The business has a fifty day simple moving average of $91.43. The stock has a market capitalization of $1.33 billion, a P/E ratio of 14.39 and a beta of 0.36. Dine Brands Global has a 12-month low of $65.63 and a 12-month high of $104.00.
Dine Brands Global (NYSE:DIN) last posted its quarterly earnings results on Wednesday, July 31st. The restaurant operator reported $1.71 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.85 by ($0.14). The company had revenue of $228.08 million during the quarter, compared to analysts’ expectations of $233.69 million. Dine Brands Global had a negative return on equity of 59.85% and a net margin of 11.73%. Dine Brands Global’s revenue for the quarter was up 23.6% compared to the same quarter last year. During the same period last year, the company earned $1.03 earnings per share. On average, sell-side analysts predict that Dine Brands Global will post 6.89 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, October 4th. Stockholders of record on Friday, September 20th will be given a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend is Thursday, September 19th. Dine Brands Global’s dividend payout ratio (DPR) is 51.40%.
Dine Brands Global Company Profile
Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates in five segments: Applebee's Franchise Operations, IHOP Franchise Operations, Rental Operations, Financing Operations, and Company-Operated Restaurant Operations.
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