Dine Brands Global, Inc. (DIN)

In the past six months, Dine Brands Global, Inc. priced a $600 million securitized financing facility. The company reported its second-quarter 2025 earnings with diluted earnings per share of $1.17, missing estimates, but revenue exceeded estimates. Dine Brands Global announced a quarterly cash dividend of $0.51 per share. Executive changes were announced, effective November 6, 2025. Zacks Research rated Dine Brands Global as a "Bear of the Day," noting a stock decline and a rough balance sheet. Mizuho initiated coverage on Dine Brands Global with a "Neutral" rating and a price target of $28.00. Barclays maintained an "Equal-Weight" rating, raising its price target, while Keybanc maintained an "Overweight" rating, raising its price target. Insider activity has shown the CEO and Applebee's President purchasing shares.

Demand for Dine Brands Global's products and services exhibits seasonality, particularly for its IHOP brand. IHOP introduces special menu offerings and seasonal promotions to encourage visits during specific periods. Applebee's utilizes menu innovation and limited-time offers to attract a broader customer base. The company's dual-branded strategy aims to leverage IHOP's morning popularity and Applebee's evening appeal to cover all day parts and mitigate some of the individual brand seasonality. Historically, the stock of Dine Brands Global, Inc. has shown a seasonal tendency to favor a long bias in October.

Dine Brands Global, Inc. is a prominent American company in the casual dining restaurant industry, operating as one of the world's largest full-service restaurant companies. Founded in 1958 as IHOP, the company rebranded to Dine Brands Global, Inc. in 2018 to reflect its broader portfolio. The company's core business segments include Applebee's, IHOP, and Fuzzy's Taco Shop. Dine Brands primarily operates through a franchise model, generating revenue through franchise fees, royalties, and rental income from its franchisees.

Dine Brands Global, Inc. has a significant presence across the United States, U.S. territories, and internationally. As of March 31, 2025, the company had over 3,500 restaurants across 19 international markets. The company is actively expanding its global footprint, with a focus on dual-branded Applebee's and IHOP locations. Dine Brands is seeking qualified Master Franchisees and Developers in select markets in Asia, Europe, Brazil, and certain territories in Mexico and Canada.

In the past year, Dine Brands Global's key brands, Applebee's and IHOP, have continued to reinforce their reputation as value-oriented brands. Applebee's has engaged in promotional activities, such as honoring veterans and active-duty military with free meals and offering free boneless wings for online orders. Applebee's also refreshed its 2 for $25 menu with new items. IHOP acknowledged a third-time Franchisee of the Year recipient. Fuzzy's Taco Shop launched a Halloween-themed limited-time menu offering, which included a collectible card system.

Dine Brands Global is primarily owned by institutional shareholders, holding 83.86% of the company, with insiders owning 41.47% and retail investors holding 0.00%. Major institutional owners include BlackRock Inc., Vanguard Group Inc., and CIBC World Markets Inc.. MSD Capital L.P. is the largest individual shareholder, owning 3.29 million shares, representing 21.37% of the company. Other significant individual owners (insiders) include Howard M. Berk and Coral Rock Investments LP.