By Mark Kalinowski
Published on July 31, 2019 at 12:00 AM
After today’s market close, The Cheesecake Factory (CAKE; Neutral) reported adjusted Q2 EPS of $0.82, matching our $0.82 projection, and coming in one cent above sell-side consensus (according to Consensus Metrix) of $0.81.
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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.
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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:
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