Short Interest in Dine Brands Global, Inc. (NYSE:DIN) Grows By 11.4%

Dine Brands Global, Inc. (NYSE:DIN) saw a large growth in short interest in the month of July. As of July 31st, there was short interest totalling 1,370,000 shares, a growth of 11.4% from the July 15th total of 1,230,000 shares. Approximately 9.2% of the company’s shares are short sold. Based on an average daily trading volume, of 473,000 shares, the short-interest ratio is presently 2.9 days.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. Barclays cut 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. Piper Sandler reduced their price objective on Dine Brands Global from $49.00 to $48.00 and set a “neutral” rating on the stock in a research note on Thursday, May 9th. Wedbush dropped their target price on shares of Dine Brands Global from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, August 8th. StockNews.com downgraded shares of Dine Brands Global from a “buy” rating to a “hold” rating in a research note on Friday. Finally, UBS Group decreased their price target on shares of Dine Brands Global from $56.00 to $51.00 and set a “buy” rating for the company in a research report on Thursday, August 8th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Dine Brands Global has an average rating of “Moderate Buy” and a consensus target price of $48.86.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of DIN. Quarry LP boosted its position in shares of Dine Brands Global by 32.8% during the second quarter. Quarry LP now owns 2,296 shares of the restaurant operator’s stock worth $83,000 after buying an additional 567 shares during the period. Creative Planning grew its stake in shares of Dine Brands Global by 78.4% in the second quarter. Creative Planning now owns 9,730 shares of the restaurant operator’s stock worth $352,000 after purchasing an additional 4,277 shares in the last quarter. Clearline Capital LP raised its stake 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 purchasing an additional 86,241 shares in the last quarter. AQR Capital Management LLC lifted its holdings in Dine Brands Global by 173.6% in the second quarter. AQR Capital Management LLC now owns 140,501 shares of the restaurant operator’s stock worth $5,086,000 after purchasing an additional 89,152 shares during the period. Finally, Cubist Systematic Strategies LLC lifted its holdings in Dine Brands Global by 19.8% in the second quarter. Cubist Systematic Strategies LLC now owns 148,286 shares of the restaurant operator’s stock worth $5,368,000 after purchasing an additional 24,556 shares during the period. Institutional investors own 92.83% of the company’s stock.

Dine Brands Global Price Performance

NYSE:DIN traded up $0.19 during midday trading on Monday, reaching $32.56. 54,769 shares of the company traded hands, compared to its average volume of 355,176. Dine Brands Global has a twelve month low of $29.25 and a twelve month high of $56.93. The company has a fifty day moving average price of $34.49 and a 200 day moving average price of $40.94. The firm has a market capitalization of $501.59 million, a price-to-earnings ratio of 5.76 and a beta of 1.74.

Dine Brands Global (NYSE:DIN) last released its quarterly earnings results on Wednesday, August 7th. The restaurant operator reported $1.71 EPS for the quarter, topping the consensus estimate of $1.64 by $0.07. The business had revenue of $206.30 million during the quarter, compared to analyst estimates of $210.46 million. Dine Brands Global had a net margin of 10.59% and a negative return on equity of 35.31%. The company’s quarterly revenue was down 1.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.82 earnings per share. On average, equities research analysts forecast that Dine Brands Global will post 6.16 earnings per share for the current fiscal year.

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.