New Century Financial Group LLC Purchases Shares of 46,089 Dine Brands Global, Inc. $DIN

Key Points

• New Century Financial Group LLC acquired 46,089 shares of Dine Brands Global, valued at approximately $1,121,000, representing about 0.29% ownership in the company.
• Insider activity shows CEO John W. Peyton and CFO Vance Yuwen Chang increasing their respective positions, with Peyton purchasing 4,523 shares and Chang buying 2,340 shares at averages of $22.11 and $21.10, respectively.
• Dine Brands Global's stock has faced several price target reductions from analysts, with KeyCorp lowering its target from $30.00 to $26.00 and Barclays reducing it from $24.00 to $22.00, indicating mixed sentiment towards the stock's performance.

New Century Financial Group LLC acquired a new position in Dine Brands Global, Inc. (NYSE:DIN - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 46,089 shares of the restaurant operator's stock, valued at approximately $1,121,000. New Century Financial Group LLC owned approximately 0.29% of Dine Brands Global at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DIN. Mountain Hill Investment Partners Corp. lifted its holdings in shares of Dine Brands Global by 50.0% in the first quarter. Mountain Hill Investment Partners Corp. now owns 1,500 shares of the restaurant operator's stock worth $35,000 after buying an additional 500 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Dine Brands Global by 5,126.3% during the 1st quarter. GAMMA Investing LLC now owns 6,167 shares of the restaurant operator's stock worth $144,000 after acquiring an additional 6,049 shares in the last quarter. CWM LLC boosted its position in shares of Dine Brands Global by 215.5% during the 1st quarter. CWM LLC now owns 7,620 shares of the restaurant operator's stock valued at $177,000 after acquiring an additional 5,205 shares during the last quarter. Aigen Investment Management LP grew its holdings in shares of Dine Brands Global by 7.0% in the first quarter. Aigen Investment Management LP now owns 10,127 shares of the restaurant operator's stock valued at $236,000 after purchasing an additional 659 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in Dine Brands Global in the second quarter worth $259,000. 92.83% of the stock is currently owned by institutional investors.

Insider Activity at Dine Brands Global

In related news, CEO John W. Peyton purchased 4,523 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average cost of $22.11 per share, for a total transaction of $100,003.53. Following the acquisition, the chief executive officer owned 189,563 shares of the company's stock, valued at $4,191,237.93. The trade was a 2.44% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Vance Yuwen Chang purchased 2,340 shares of Dine Brands Global stock in a transaction dated Thursday, August 21st. The stock was bought at an average cost of $21.10 per share, with a total value of $49,374.00. Following the completion of the transaction, the chief financial officer owned 54,130 shares in the company, valued at approximately $1,142,143. This represents a 4.52% increase in their position. The disclosure for this purchase can be found here. Company insiders own 4.56% of the company's stock.

Dine Brands Global Stock Performance

Shares of NYSE DIN opened at $27.30 on Friday. The stock has a 50 day moving average price of $23.08 and a 200 day moving average price of $23.39. The firm has a market capitalization of $419.77 million, a price-to-earnings ratio of 9.10 and a beta of 1.05. Dine Brands Global, Inc. has a 52-week low of $18.63 and a 52-week high of $37.44.

Dine Brands Global (NYSE:DIN - Get Free Report) last issued its earnings results on Wednesday, August 6th. The restaurant operator reported $1.17 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.32). The firm had revenue of $230.78 million for the quarter, compared to the consensus estimate of $222.69 million. Dine Brands Global had a net margin of 5.40% and a negative return on equity of 31.66%. The company's revenue for the quarter was up 11.9% on a year-over-year basis. During the same period last year, the firm earned $1.71 earnings per share. Analysts forecast that Dine Brands Global, Inc. will post 5.84 earnings per share for the current year.

Dine Brands Global Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Friday, September 19th will be issued a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 7.5%. The ex-dividend date of this dividend is Friday, September 19th. Dine Brands Global's dividend payout ratio (DPR) is presently 68.00%.

Analysts Set New Price Targets

A number of research firms recently issued reports on DIN. KeyCorp decreased their price target on shares of Dine Brands Global from $30.00 to $26.00 and set an "overweight" rating on the stock in a research note on Thursday, August 7th. Barclays decreased their target price on shares of Dine Brands Global from $24.00 to $22.00 and set an "equal weight" rating on the stock in a research report on Thursday, August 7th. Finally, Zacks Research upgraded Dine Brands Global to a "strong sell" rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average price target of $26.00.

Dine Brands Global 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.

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