Dine Brands (DIN)
NYSE:DIN
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Dine Brands Global
(NYSE:DIN)
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Rating:54Neutral
Price Target:
$32.00
▲(7.93% Upside)
Action:Reiterated
Date:06/03/26
The score is held down primarily by weakened profitability and a highly leveraged, negative-equity balance sheet despite positive operating cash flow. Technicals are a relative bright spot with improving momentum, while valuation is mixed (good yield but a P/E that isn’t clearly compelling given current margin and cash flow pressure). Earnings-call commentary supports a cautious, balanced view: guidance maintained, but near-term headwinds and elevated investment spending persist.
Positive Factors
Franchise-based recurring revenue
A franchise-heavy model provides durable, recurring royalty and fee income tied to system sales rather than store-level margin volatility. This structure scales with unit growth and same-store sales gains, preserving cash generation even as company-owned unit mix or short-term traffic swings fluctuate.
Negative Factors
High leverage and negative equity
A capital structure with roughly $1.6B of debt and negative shareholders' equity constrains financial flexibility, elevates refinancing and covenant risk, and makes the company sensitive to interest rates and cash-flow volatility, limiting room for sustained investment or shocks.
Read all positive and negative factors
Positive Factors
Negative Factors
Franchise-based recurring revenue
A franchise-heavy model provides durable, recurring royalty and fee income tied to system sales rather than store-level margin volatility. This structure scales with unit growth and same-store sales gains, preserving cash generation even as company-owned unit mix or short-term traffic swings fluctuate.
Read all positive factors
Dine Brands Global (DIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$399.84M
Dividend Yield5.1%
Average Volume (3M)469.42K
Price to Earnings (P/E)23.8
Beta (1Y)1.10
Revenue Growth8.39%
EPS Growth-70.93%
CountryUS
Employees992
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)1.05
Shares Outstanding12,685,175
10 Day Avg. Volume311,950
30 Day Avg. Volume469,421
Financial Highlights & Ratios
PEG Ratio-0.37
Price to Book (P/B)-1.70
Price to Sales (P/S)0.53
P/FCF Ratio8.70
Enterprise Value/Market Cap4.66
Enterprise Value/Revenue2.10
Enterprise Value/Gross Profit5.38
Enterprise Value/Ebitda14.54
Forecast
1Y Price Target
$29.00Price Target Upside-2.19% Downside
Rating ConsensusHold
Number of Analyst Covering4
EPS Forecast (FY)4.55
Revenue Forecast (FY)$906.76M
Dine Brands Global Business Overview & Revenue Model
Company Description
Dine Brands Global, Inc., along with its associated entities, manages a portfolio of full-service dining establishments, utilizing various models including direct ownership, franchising agreements, operational oversight, and property leasing, both...
How the Company Makes Money
Dine Brands Global primarily makes money through a franchise-based model tied to Applebee’s and IHOP.
1) Franchise royalties: The company collects ongoing royalties from franchised restaurants, generally calculated as a percentage of franchisees’...
Dine Brands Global Earnings Call Summary
Earnings Call Date:May 06, 2026
(Q1-2026)
| % Change Since: |
Next Earnings Date:Aug 12, 2026
Earnings Call Sentiment Neutral
The call reflected a balanced tone: clear operational and brand-level wins (revenue growth, brand comp outperformance, strong marketing results, dual-brand momentum, and maintained guidance) alongside near-term financial pressures (EBITDA decline, negative free cash flow, higher CapEx, commodity inflation, and some franchisee-specific disruptions). Management emphasized strategic investments and confidence in the long-term upside while acknowledging short-term headwinds and turnaround costs.Positive Updates
Consolidated Revenue Growth
Total revenues increased 4.8% year-over-year to $225.2 million in Q1 2026 (vs. $214.8M prior year), driven primarily by company-owned restaurant acquisitions.
Negative Updates
Adjusted EBITDA Decline
Adjusted EBITDA decreased to $50.8 million from $54.7 million year-over-year (~-7.1%), primarily due to investments in company-owned and dual-brand initiatives, pre-opening costs, and restaurants still in turnaround stages.
Read all updates
Q1-2026 Updates
Positive
Negative
Consolidated Revenue Growth
Total revenues increased 4.8% year-over-year to $225.2 million in Q1 2026 (vs. $214.8M prior year), driven primarily by company-owned restaurant acquisitions.
Read all positive updates
Company Guidance
Management maintained full‑year financial guidance while flagging Q1 headwinds and the investments driving near‑term pressure: consolidated revenues rose 4.8% to $225.2M, adjusted EBITDA was $50.8M (vs. $54.7M LY), adjusted diluted EPS $1.07 (vs. $1.03), adjusted free cash flow was negative $3M (vs. $14.6M), and YTD CapEx was $12.1M (vs. $3.3M), with unrestricted cash of $104.2M; the company returned roughly $20–24M of capital in Q1 (including $22M of repurchases) and repurchased $52M of stock across Q4 and Q1 (~5% of shares). Guidance assumes fewer closure days going forward, CapEx finishing in the prior communicated range, continued franchise stability, and expected leverage of initiatives (43 dual brands open +13 under construction, ~80 targeted by year‑end; company‑owned units 86 ~2% of system) to drive recovery.Dine Brands Global Financial Statement Overview
Summary
Income Statement
46
Neutral
Balance Sheet
18
Very Negative
Cash Flow
52
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 889.72M | 879.30M | 812.31M | 831.07M | 909.40M | 896.17M |
| Gross Profit | 346.29M | 350.80M | 375.31M | 396.68M | 377.36M | 375.23M |
| EBITDA | 128.23M | 73.10M | 200.84M | 217.38M | 213.69M | 225.10M |
| Net Income | 16.30M | 17.10M | 64.89M | 97.18M | 81.11M | 97.86M |
Balance Sheet | ||||||
| Total Assets | 1.69B | 1.74B | 1.79B | 1.74B | 1.88B | 2.00B |
| Cash, Cash Equivalents and Short-Term Investments | 150.90M | 128.20M | 186.70M | 146.03M | 269.65M | 361.41M |
| Total Debt | 1.62B | 1.60B | 1.60B | 1.59B | 1.74B | 1.77B |
| Total Liabilities | 1.98B | 2.01B | 2.01B | 1.99B | 2.18B | 2.24B |
| Stockholders Equity | -290.00M | -273.80M | -216.02M | -250.97M | -301.08M | -242.81M |
Cash Flow | ||||||
| Free Cash Flow | 34.52M | 53.40M | 94.09M | 93.97M | 54.02M | 178.99M |
| Operating Cash Flow | 80.37M | 89.00M | 108.16M | 131.14M | 89.34M | 195.84M |
| Investing Cash Flow | -37.42M | -31.60M | -8.45M | -30.10M | -80.90M | 3.86M |
| Financing Cash Flow | -120.49M | -104.30M | -51.70M | -225.44M | -108.80M | -230.40M |
Dine Brands Global Technical Analysis
Positive
29.65
Price Trends
28.42
Positive
30.27
Negative
28.97
Positive
Market Momentum
0.32
Positive
53.07
Neutral
26.63
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For DIN, the sentiment is Positive. The current price of 29.65 is below the 20-day moving average (MA) of 30.02, above the 50-day MA of 28.42, and above the 200-day MA of 28.97, indicating a neutral trend. The MACD of 0.32 indicates Positive momentum. The RSI at 53.07 is Neutral, neither overbought nor oversold. The STOCH value of 26.63 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for DIN.
Dine Brands Global Risk Analysis
Dine Brands Global disclosed 43 risk factors in its most recent earnings report. Dine Brands Global reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Dine Brands Global Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
70 Outperform | $439.47M | 14.55 | 10.14% | ― | 4.42% | 16.38% | |
62 Neutral | $415.46M | 19.35 | -182.42% | 2.09% | 9.37% | -16.75% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $399.84M | 23.78 | -6.47% | 5.10% | 8.39% | -70.93% | |
48 Neutral | $300.19M | 18.26 | 3.37% | ― | 2.37% | -49.32% | |
46 Neutral | $228.12M | 6.44 | -3.80% | 9.34% | -17.16% | ― |
* Consumer Cyclical Sector Average
DIN
Dine Brands Global
31.52
6.51
26.04%
JACK
Jack In The Box
11.96
-8.82
-42.44%
NATH
Nathan's Famous
101.47
-9.05
-8.19%
LOCO
El Pollo LoCo
14.43
3.50
32.02%
PTLO
Portillo's
3.96
-7.62
-65.80%
Dine Brands Global Corporate Events
Executive/Board Changes
Dine Brands Global Names Lawrence Kim Chief Commercial Officer
Positive
Jun 2, 2026
On June 1, 2026, Dine Brands Global, Inc. appointed Lawrence Y. Kim, already serving as President of the IHOP Business Unit, to the additional role of Chief Commercial Officer, consolidating a key commercial leadership position under an executive ...
Executive/Board ChangesShareholder Meetings
Dine Brands Shareholders Approve Directors and Governance Measures
Neutral
May 19, 2026
Dine Brands Global, Inc. held its 2026 Annual Meeting of Stockholders on May 14, 2026, where shareholders elected all nominated directors to one-year terms and ratified KPMG LLP as the independent auditor for the 2026 fiscal year. Investors also a...
Stock BuybackDividends
Dine Brands Announces Dividend and Expanded Share Repurchase Program
Positive
May 14, 2026
On May 14, 2026, Dine Brands Global, Inc. announced that its board declared a second-quarter 2026 cash dividend of $0.19 per share, payable July 10, 2026, to shareholders of record as of June 24, 2026. The move continues the company’s practi...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.