Dine Brands Global 株価情報 (NYSE: DIN)

最新ニュース Dine Brands Global (NYSE:DIN) 株価情報

Dine Brands Global

Dine Brands Global Inc owns and franchises thousands of restaurants under the Applebee's and International House of Pancakes names. Almost all company restaurants are located in the United States and franchised. Royalty revenue, which the company gets from franchisees based on franchisees' sales, accounts for roughly three-quarters of total company revenue. The company also earns revenue by leasing restaurant sites to franchisees. The company has four reportable segments Franchise operations, (an aggregation of Applebee's and IHOP franchise operations), Rental operations, Financing operations, and Company-operated restaurant operations. The majority of revenue is derived from the Franchise operations segment.

Dine Brands Global Inc

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Piper Sandler analyst Brian Mullan maintains Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Neutral and lowers the price target from $40 to $38.

News

Price Target

Analyst Ratings

Piper Sandler Maintains Neutral on Dine Brands Global, Lowers Price Target to $38

Wedbush analyst Nick Setyan reiterates Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Outperform and maintains $47 price target.

Reiteration

Wedbush Reiterates Outperform on Dine Brands Global, Maintains $47 Price Target

UBS analyst Dennis Geiger maintains Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Buy and lowers the price target from $51 to $44.

UBS Maintains Buy on Dine Brands Global, Lowers Price Target to $44

Barclays analyst Jeff Kessler maintains Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Overweight and raises the price target from $38 to $43.

Barclays Maintains Overweight on Dine Brands Global, Raises Price Target to $43

WIIM

Dine Brands Global shares are trading higher after the company reported better-than-expected Q3 adjusted EPS results.

Dine Brands Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) shares are trading <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">higher on Wednesday.</a>
The company reported third-quarter adjusted earnings per share of $1.44, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/11/b41769785/dine-brands-global-inc-reports-third-quarter-2024-results" rel="noreferrer noopener">beating the analyst consensus of $1.34.</a> Quarterly sales of $195.034 million (down 3.7%) missed the street view of $198.563 million. The decrease was primarily due to the negative comparable same-restaurant sales growth at Applebee&#8217;s and IHOP.
Applebee&#8217;s year-over-year domestic comparable same-restaurant sales declined 5.9% for the third quarter. IHOP&#8217;s year-over-year domestic comparable same-restaurant sales declined 2.1% for the quarter.
&#8220;For the fourth quarter, we are enhancing our value proposition for guests and remain focused on executing our plans across our brands,&#8221; said John Peyton, chief executive officer, Dine Brands Global.
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Consolidated adjusted EBITDA for the third quarter was $61.9 million compared to $60.6 million in the year-ago period.
Total cash and equivalents and restricted cash of approximately $235.1 million, of which approximately $169.6 million was unrestricted cash.
Outlook: The company reiterated the FY24 outlook for Applebee&#8217;s domestic system-wide comparable same-restaurant sales performance to range between <a href="https://www.benzinga.com/calendars/guidance">negative 4% and negative 2%.</a>
The company also reiterated IHOP&#8217;s domestic system-wide comparable same-restaurant sales performance forecast between negative 2% and 0%.
The company continues to expect consolidated adjusted EBITDA to range approximately $245 million to $255 million.
Price Action: DIN shares are trading higher by 13.1% to $35.23 at last check Wednesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Applebee%27s_Restaurant.jpg">Wikimedia Commons</a>
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Earnings

Equities

Guidance

Markets

Movers

General

Dine Brands Q3 Earnings Surprise Amid Weak Applebee's And IHOP Sales;  Q4 Strategy In Focus

Financial Performance Guidance for 2024
The Company's fiscal year 2024 guidance items have been updated as follows:
<ul>
<li>Reiterated: Applebee's domestic system-wide comparable same-restaurant sales performance is expected to range between negative 4% and negative 2%.</li>
<li>Reiterated: IHOP's domestic system-wide comparable same-restaurant sales performance is expected to range between negative 2% and 0%.</li>
<li>Reiterated: Domestic development activity for Applebee's franchisees is between 25 and 35 net fewer restaurants.</li>
<li>Reiterated: Domestic development activity by IHOP franchisees and area licensees is expected to be between 0 and 10 net new openings.</li>
<li>Reiterated: Consolidated adjusted EBITDA is expected to range between approximately $245 million and $255 million.</li>
<li>Reduced: G&amp;A expenses are expected to range between approximately $195 million and $200 million (versus between $200 million and $205 million previously). This total includes non-cash stock-based compensation expense and depreciation of approximately $35 million.</li>
<li>Reiterated: Gross capital expenditures are expected to range between approximately $14 million and $16 million.</li>
</ul>

Dine Brands Global Reiterated FY24 Adj. EBITDA ~$245M-$255M

Earnings Beats

Earnings Misses

Dine Brands Global Q3 2024 Adj. EPS $1.44 Beats $1.34 Estimate, Sales $195.034M Miss $198.563M Estimate

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li><a href="https://www.benzinga.com/topic/andrew-wolf">CL King analyst Andrew Wolf</a> downgraded Dine Brands Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) from Buy to Neutral. Dine Brands Global shares closed at $30.66 on Friday. <a href="https://www.benzinga.com/quote/DIN/analyst-ratings">See how other analysts view this stock.</a></li>
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Downgrades

Trading Ideas

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CL King analyst Andrew Wolf downgrades Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) from Buy to Neutral.

CL King Downgrades Dine Brands Global to Neutral

Benchmark analyst Todd Brooks reiterates Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Hold.

Benchmark Reiterates Hold on Dine Brands Global

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a<a href="https://www.benzinga.com/yield-investments"> high dividend payout</a>.
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<li>JP Morgan analyst Matthew Boss downgraded rating on the stock from Neutral to Underweight with a price target of $19 on Aug. 29. This analyst has an accuracy rate of 68%.</li>
<li>Evercore ISI Group analyst Michael Binetti maintained an In-Line rating and slashed the price target from $22 to $20 on Aug. 29. This analyst has an accuracy rate of 61%.</li>
<li>Recent News: On Aug. 28, Kohl's posted better-than-expected second-quarter financial results.</li>
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<h3 class="wp-block-heading">Dine Brands Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>)</h3>
<ul>
<li>Dividend Yield: 6.54%</li>
<li>Keybanc analyst Eric Gonzalez maintained an Overweight rating and lowered the price target from $37 to $36 on Oct. 18. This analyst has an accuracy rate of 70%.</li>
<li>Truist Securities analyst Jake Bartlett downgraded the stock from Buy to Hold and cut the price target from $66 to $37 on Oct. 4. This analyst has an accuracy rate of 77%.</li>
<li>Recent News: Dine Brands Global will announce its third quarter financial results on Nov. 6, before the stock market opens.</li>
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Keybanc analyst Eric Gonzalez maintains Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) with a Overweight and lowers the price target from $37 to $36.

Keybanc Maintains Overweight on Dine Brands Global, Lowers Price Target to $36

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Shares of restaurant stocks are trading lower possibly amid overall market weakness due to a rise in the 10-year Treasury yield.

Dine Brands Global, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/din#NYSE">DIN</a>)&nbsp; is the driving force behind beloved restaurant sector brands like Applebee&#39;s, IHOP, and Fuzzy&#39;s Taco Shop. Through a strategic franchise model, Dine Brands has successfully established a widespread presence across the globe, capturing the hearts (and stomachs) of a large and diverse customer base.
The company&#39;s franchise-heavy approach offers unique advantages for scaling operations and building brand recognition, but Dine Brands hasn&#39;t been immune to industry challenges.&nbsp;
However, despite these challenges, Dine Brands remains a company with a diverse portfolio of established brands and an extensive global reach. To address its challenges and unlock growth potential, the company has been actively implementing a strategic transformation focused on enhancing the customer experience, menu innovation, and digital engagement, but will this revitalized approach be enough to unlock Dine Brands&#39; potential and propel the company towards a path of growth and profitability?
<h2>A Mixed Picture With Upside</h2>
Dine Brands&#39; financial reports reflect the broader challenges currently being faced by the restaurant industry. While the company has a strong portfolio of established brands like Applebee&#39;s and IHOP and an extensive global reach, it has grappled with declining same-store sales and difficulties meeting its financial guidance.&nbsp;
Dine Brand&#39;s earnings report for the second quarter of 2024 showed a 1% decline in revenue compared to the same quarter last year, with earnings per share (EPS) of $1.71 exceeding analyst expectations but falling short of the previous year&#39;s $1.82.
However, several factors suggest the potential for a turnaround. Notably, Dine Brands&#39; analyst community upgraded the stock, raising the price target to $47 from $34. The bullish outlook hinges on several key catalysts, including a potential $100 million+ accelerated share repurchase plan, the company&#39;s free cash flow generation (forecasted at $99.2 million in 2024 and $107.5 million in 2025), and ongoing efforts to optimize the value proposition of Applebee&#39;s and IHOP.
Despite these positive signals, Dine Brands faces several challenges. The restaurant industry is currently contending with inflationary pressures, rising costs, and the potential for an economic downturn, which could further impact the company&#39;s revenue and earnings growth. Dine Brand&#39;s competition remains strong, with established players vying for market share alongside the rapidly expanding fast-casual segment.&nbsp;
Specifically, Dine Brands needs to address the declining appeal of casual dining among younger demographics and find innovative ways to enhance the customer experience and drive traffic to its restaurants. Furthermore, Dine Brands carries a significant debt load with a debt-to-equity ratio (D/E) of around five as of the latest quarter. The high debt levels could limit its financial flexibility and hinder its ability to invest in growth initiatives. The company&#39;s negative return on equity of -35.88% in the latest quarter also raises concerns about its efficiency in generating profits from shareholder investments.
<h2>Dine Brands Eyes Turnaround with Debt Management and Stock Buyback</h2>
Dine Brands&#39; potential for a significant turnaround, fueled by analyst&#39;s optimistic projections and the planned stock buyback, is undeniable. However, a cautious approach is warranted when considering an investment in this company. The current low stock valuation, with shares down 30% year-to-date, could reflect the market&#39;s apprehension about Dine Brands&#39; ability to successfully execute its turnaround strategy in the face of current headwinds. The ongoing decline in same-store sales, a critical measure of a restaurant company&#39;s health, remains a concern and could persist if macroeconomic conditions worsen.
Dine Brands has been proactive in managing its considerable debt load. The company recently refinanced its debt to lower interest expenses and gain greater financial flexibility. Additionally, a significant portion of the company&#39;s strong free cash flow is earmarked for an accelerated share repurchase program in the second half of 2025. This initiative aims to reduce the number of outstanding shares, lowering the debt-to-equity ratio and potentially boosting earnings per share.
In addition to the debt reduction, Dine Brands is laser-focused on enhancing its core brands, Applebee&#39;s and IHOP. This includes initiatives to elevate the customer experience, introduce menu innovations like all-day breakfast and gourmet burgers to cater to evolving consumer preferences, and bolster digital engagement through loyalty programs to attract a younger demographic. Dine Brands also recognizes the vital role of its franchisees and is committed to supporting them, including financial assistance, operational guidance, and marketing resources. While the primary focus is improving domestic performance, Dine Brands continues exploring international expansion opportunities for long-term revenue growth and diversification.
<h2>Navigating Challenges: Dine Brands&#39; Long-Term Growth Story</h2>
Several indicators suggest a positive outlook for Dine Brands&#39; future. The analyst upgrade and increased price target reflect optimism about the company&#39;s ability to overcome challenges and deliver improved financial results in the coming years. While acknowledging the current difficulties, management remains confident in the company&#39;s long-term potential and believes the strategic initiatives outlined above will position Dine Brands for sustained growth and profitability.
However, investors should not overlook the inherent risks associated with this investment. The restaurant industry is highly sensitive to economic fluctuations, and a potential downturn could significantly impact Dine Brands. Consumers may reduce spending on dining out, leading to lower restaurant traffic and impacting revenue and profitability. The competitive landscape also remains intense, requiring Dine Brands to execute its strategies flawlessly to gain market share and maintain brand relevance in a crowded field. Additionally, the success of the turnaround strategy hinges on the company&#39;s ability to implement its initiatives effectively, and unforeseen challenges may arise during this transformation
Dine Brands offers a compelling investment opportunity with significant upside potential, particularly given the analyst upgrades and the potential for a stock buyback. However, it is not a risk-free investment. Investors with higher risk tolerance and a long-term investment horizon may consider adding Dine Brands to their portfolio. However, it is crucial to carefully weigh the company&#39;s strategic initiatives, the competitive landscape, and potential economic risks before making investment decisions.
The article &quot;<a href="https://www.marketbeat.com/originals/applebees-parent-company-dine-brands-is-it-time-to-take-a-bite/">Dine Brands&#39; Transformation Plan: A Recipe for Recovery?</a>&quot; first appeared on MarketBeat.

Upgrades

Buybacks

Restaurants

Small Cap

Management

Dine Brands' Transformation Plan: A Recipe for Recovery?

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
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<li>Truist Securities analyst Jake Bartlett downgraded Dine Brands Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) from Buy to Hold and lowered the price target from $66 to $37. Dine Brands Global shares fell 2.9% to close at $33.55 on Thursday. <a href="https://www.benzinga.com/quote/DIN/analyst-ratings">See how other analysts view this stock</a>.</li>
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This Li Auto Analyst Is No Longer Bullish; Here Are Top 5 Downgrades For Friday

Truist Securities analyst Jake Bartlett downgrades Dine Brands Global (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) from Buy to Hold and lowers the price target from $66 to $37.

Truist Securities Downgrades Dine Brands Global to Hold, Lowers Price Target to $37

Wedbush analyst Nick Setyan upgraded Dine Brands Global, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DIN#NYSE">DIN</a>) to Outperform from Neutral,<a target="_blank" href="https://www.benzinga.com/quote/DIN/analyst-ratings" rel="noreferrer noopener"> raising the price forecast to $47 from $34.</a>
The analyst identifies key catalysts for Dine Brands&#8217; multiple expansions over the next twelve months. According to Setyan, a $100 million + accelerated share repurchase plan is likely in the second half of 2025 following Dine Brands&#8217; refinancing, representing over 20% of the company&#8217;s current market capitalization.
The analyst forecasts adjusted free cash flow of $99.2 million in 2024 and $107.5 million in 2025, or free cash flow yields of 22% and 25%, respectively.
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Additionally, the firm&#8217;s strong free cash flow generation is expected to support ongoing annual repurchases of $60 million+ after the ASR.
Both Applebee&#8217;s and IHOP are poised to optimize their value propositions as they head into 2025, with current offers stabilizing and near-term same-store sales growth remaining largely in line, the analyst notes.
Dividend payments are $31.8 million and $30.9 million in 2024 and 2025, respectively, with a current dividend yield of 6.5%. The analyst raised the company&#8217;s FY25 EPS estimate to $6.43 from $6.34.
<h2 class="wp-block-heading">Is DIN A Good Stock To Buy?</h2>
An investor can make a few decisions when deciding whether a stock is a good buy. In addition to valuation metrics and price action which you can find on Benzinga's quote pages &#8211; like <a href="https://www.benzinga.com/quote/DIN">Dine Brands Global</a>&#8216;s page for example &#8211; there are factors like whether or not a company pays a dividend or buys a large portion of its stock each quarter.
These are known as capital allocation programs. Dine Brands does pay a dividend, which yields 5.06% per year as of the closing price on Oct. 1, 2024. Feel free to search Benzinga's <a href="https://www.benzinga.com/calendars/dividends">dividend calendar</a> for the next company that is due to pay a dividend and determine what kind of yield you can earn for holding a share of the company.
For example, if you're looking to earn an annualized return of 13.44%, you'll need to buy a share of Saba Cap Inc &amp; Opps by the Oct. 9, 2024. Once done, you can expect to receive a nominal payout of $0.09 on Oct. 31, 2024.
Buyback programs are obviously different and highly variable. A company can approve a buyback program and purchase shares as it sees fit over the course of time in which the buyback was authorized. Looking through the latest news on <a href="https://www.benzinga.com/quote/DIN">Dine Brands Global</a> will often yield whether or not the company has approved a buyback program recently. Buyback programs usually serve as a support for share prices, serving as a backstop for demand.
Price Action: DIN shares are trading higher by 13.1% to $35.32 at last check Tuesday.
Photo via <a href="https://commons.wikimedia.org/wiki/File:Applebee%27s_Restaurant.jpg">Wikimedia Commons</a>
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Analyst Color

Applebee's Parent Dine Brands' Strong Free Cash Flow And Accelerated Share Repurchase Is Noteworthy, Analyst Upgrades Stock

Dine Brands Global shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $34 to $47.

Dine Brands Global, Inc. (DIN) Q3 2024 Earnings Call Transcript

Barclays analyst Jeffrey Bernstein raised the firm's price target on Dine Brands (DIN) to $43 from $38 and keeps an Overweight rating on the shares...

Dine Brands price target raised to $43 from $38 at Barclays

UBS lowered the firm's price target on Dine Brands (DIN) to $44 from $51 and keeps a Buy rating on the shares following the earnings report. Publis...

Dine Brands price target lowered to $44 from $51 at UBS

Benchmark Co. analyst Todd Brooks maintained a Hold rating on Dine Brands Global (DIN – Research Report) today. The company's shares closed yesterd...

Dine Brands Global (DIN) Receives a Hold from Benchmark Co.

Dine Brands: Real Big Meal Tries To Change Tone, But Chili's Has Staked Its Claim

Bloomin' Brands continues to unravel as Q3 results, guidance underscores fundamental challenges

Wedbush analyst Nick Setyan maintained a Buy rating on Dine Brands Global (DIN – Research Report) today and set a price target of $47.00. The compa...

Wedbush Sticks to Their Buy Rating for Dine Brands Global (DIN)

Piper Sandler analyst Brian Mullan lowered the firm's price target on Dine Brands (DIN) to $38 from $40 and keeps a Neutral rating on the shares. T...

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