DIN (Post-Call) Questions Arise as $1 Mai Tais Arrive

By Mark Kalinowski Published on July 31, 2019 at 12:00 AM

Earlier today, Dine Brands (DIN; Neutral) — the owner of the IHOP family-dining concept and the Applebee’s casual-dining concept — reported adjusted Q2 EPS of $1.71. While this came in slightly ahead of our recently-lowered $1.70 forecast, it fell short of the $1.81 sell-side consensus.

DIN Updated EPS Estimates Lead to Ratings Change on Dine Brands

By Mark Kalinowski Published on June 28, 2019 at 12:00 AM

Based on what we believe is our newly-improved quarter-by-quarter understanding of the Dine Brands (DIN) model, and in the context of the stock’s +40.1% year-todate rise through the market’s close on June 27th, we reduce our rating on DIN to Neutral (from Buy), and adjust our quarterly EPS estimates for Q2E-Q4E as follows:

DIN Enjoying an IHOP House-Made Milkshake as We Update Our Forecasts

By Mark Kalinowski Published on May 31, 2019 at 12:00 AM

With this report, we update our Q2E same-store sales forecasts for both brands owned by Dine Brands (DIN; Buy).