DIN A Closer Look at Neighborhood Wings by Applebees

By Mark Kalinowski Published on August 31, 2020 at 12:00 AM

Given the potential for the “Neighborhood Wings by Applebee’s” brand (and potentially other virtual brands to be launched in the future by Applebee’s parent company Dine Brands?), we raise our full-year 2021E EPS estimate by +20 cents, to $5.00. This places us above current sell-side consensus (according to Consensus Metrix) of $4.83.

DIN A Closer Look at IHOP’s Development Agreement w TravelCenters of America

By Mark Kalinowski Published on August 25, 2020 at 12:00 AM

In October 2019, IHOP — owned by Dine Brands (DIN; Buy, $55.37) — announced a franchise development agreement with TravelCenters of America (TA; Not Rated) to open up to 94 IHOP restaurants in TA and Petro locations across the U.S. This is the largest franchise deal in IHOP’s history. That announcement can be viewed at:
https://www.ihop.com/en/news/2019/ihop-and-travelcenters-of-americaannounce-plans-to-open-nearly-100-restaurants

DIN The Bull and Bear Cases on Dine Brands

By Mark Kalinowski Published on August 13, 2020 at 12:00 AM

In this report we examine the bull and bear cases regarding Dine Brands (DIN; Buy, $53.56). While we maintain our Buy rating on DIN — in fact, we believe there is even more reason to be bullish on DIN following its Q2 earnings release and related conference call — it is good for investors interested in DIN to be aware of the bull and bear cases surrounding the stock, no matter what our rating on the shares is.