Dine Brands Global, Inc. is a leading restaurant holding company that operates and franchises well-known dining brands
The company is primarily recognized for its ownership of popular casual dining chains, including IHOP and Applebee's. By focusing on providing a diverse menu, a welcoming atmosphere, and exceptional customer service, Dine Brands aims to create engaging dining experiences for guests. Through its strategic franchise partnerships and comprehensive marketing initiatives, the company works to expand its presence and enhance brand loyalty across various markets.
Wedbush analyst Nick Setyan downgraded Dine Brands from Outperform to Neutral, slashing the price target from $47 to $28. Despite efforts to boost same-store sales through value-focused strategies, results for Applebee's and IHOP remain underwhelming.
Since August 2024, Dine Brands has been in a holding pattern, posting a small loss of 4.3% while floating around $30.23. The stock also fell short of the S&P 500’s 15.2% gain during that period.
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Casual restaurant chain Dine Brands (NYSEDIN) fell short of the market’s revenue expectations in Q3 CY2024, with sales falling 3.7% year on year to $195 million. Its non-GAAP profit of $1.44 per share was 7.3% above analysts’ consensus estimates.
Wedbush analyst Nick Setyan upgraded Dine Brands Global to Outperform, raising the price target to $47, citing a likely $100M+ share repurchase plan and strong free cash flow generation.
Dine Brands Global reported Q2 adjusted EPS of $1.71, beating expectations despite a slight revenue decline. In addition, the company reduced its outlook for Applebee's domestic system-wide comparable same-restaurant sales performance.
