Dine Brands Global, Inc. (NYSE:DIN – Get Free Report) 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.
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Institutional Inflows and Outflows
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 – Get Free Report) 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.
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