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 high dividend payout.
Dine Brands Global (DIN) stock fell Friday as the owner of Applebee's and IHOP was downgraded by a Truist Securities analyst to "hold" from "buy" over concerns that Applebee's sales are slowing even as other chain restaurants have recovered in recent months.
Dine Brands Global, Inc. DIN is the driving force behind beloved restaurant sector brands like Applebee's, IHOP, and Fuzzy'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.
‘Potentially severe Applebee's same-store sales underperformance vs. peers (based on Truist Card Data) shakes our confidence that improving same-store sales will be a near-term catalyst for the shares,' analyst Jake Bartlett wrote in a note to clients.
Dine Brands Global, Inc. NYSE: DIN is the driving force behind beloved restaurant sector brands like Applebee's, IHOP, and Fuzzy'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.
Wedbush analyst Nick Setyan upgraded Dine Brands Global, Inc. DIN to Outperform from Neutral, raising the price forecast to $47 from $34.
Dine Brands unveils its first dual-branded restaurant in Honduras, marking a significant step in its international expansion.
Although the revenue and EPS for Dine Brands (DIN) give a sense of how its business performed in the quarter ended June 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Dine Brands (DIN) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.65 per share. This compares to earnings of $1.82 per share a year ago.
Dine Brands (DIN) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
It's a tale of two markets in the restaurant space right now. Some fast-casual chains, such as Cava Group (NYSE: CAVA ), are soaring to new all-time highs.
Dine Brands continues to perform poorly with the Q1 results, also casting doubt on the reaffirmed 2024 financial guidance. Underneath, there are important fundamental factors driving the weak performance especially for Applebee's and Fuzzy's, and I don't see an improvement in sight. Despite trading at a forward P/E of just 6.1, the valuation isn't attractive due to the underlying operational performance.