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:

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DENN Takeaways from New York City NDR Leave Us More Bullish

By Mark Kalinowski Published on November 25, 2019 at 12:00 AM

We recently hosted a Denny’s (DENN; Buy) non-deal roadshow (NDR) in New York City. We thank Denny’s CEO John Miller and Senior Director Investor Relations Curt Nichols for their participation! Following the NDR, we feel more confident in our bullish thesis on DENN. We maintain our Buy rating on DENN, and note the following:

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