Wednesday March 1, 2023, 11:51:22
Earlier today, Dine Brands reported fourth-quarter adjusted EPS of $1.34. While this came in below our $1.40 forecast, it was above sell-side consensus (according to Consensus Metrix) of $1.22. Fourth-quarter adjusted EBITDA amounted to $57.0 million, above consensus at $52.9 million.
Monday December 5, 2022, 12:25:38
Earlier today, Dine Brands – the owner and franchisor of the Applebee’s casual dining concept and the IHOP family dining concept – announced that it intends to acquire fast-casual concept Fuzzy’s Taco Shop. We view this planned acquisition favorably, with reasons including: (1) it’s not a “bet the company”-sized acquisition, (2) it’s an opportunity to leverage Dine Brands’ scale in multiple ways (supply chain, IT platform, franchisee partners, etc.), (3) we continue to favor the fast-casual Mexican space for long-term growth, (4) based on our customer experiences at Fuzzy’s Taco Shop, we believe it’s a solid concept in terms of guest appeal, and (5) differentiated quite a bit from fast-casual Mexican pioneer Chipotle Mexican Grill (CMG; Buy, $1,576.02).
Wednesday November 2, 2022, 11:21:32
Earlier today (Wednesday), Dine Brands reported adjusted Q3 EPS of $1.66, well above our $1.36 projection and sell-side consensus (according to Consensus Metrix) of $1.31.
Wednesday September 18, 2024
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