KeyBanc lowered the firm’s price target on Dine Brands (DIN) to $26 from $30 and keeps an Overweight rating on the shares. The firm notes Dine Brands’ Q2 results were highlighted by above-consensus same-store sales growth at Applebee’s. However, IHOP same-store-sales declined more than expected, and the company lowered its full-year EBITDA range by $15M due to G&A expenses, remodel costs, and expenses/losses associated with recently acquired units.
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Read More on DIN:
- Dine Brands price target lowered to $22 from $24 at Barclays
- Dine Brands Global Reports Mixed Q2 2025 Results
- Dine Brands Earnings Call: Mixed Sentiment and Strategic Moves
- Dine Brands reports Q2 adjusted EPS $1.17, consensus $1.45
- Dine Brands cuts FY25 adjusted EBITDA view to $220M-$230M from $235M-$245M