Dine Brands Global Inc (DIN)
NYSE:DIN
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Dine Brands Global
(NYSE:DIN)
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Rating:54Neutral
Price Target:
$27.00
▼(-8.94% Downside)
Action:ReiteratedDate:02/25/26
DIN scores mid-range primarily due to elevated balance-sheet risk (negative equity/high leverage) and a 2025 profitability step-down despite positive operating/free cash flow. Technicals add pressure with a clear downtrend, while valuation (moderate P/E and high dividend yield) and earnings-call guidance for modest 2026 stabilization provide partial support.
Positive Factors
Franchise model and system scale
A predominately franchised model and ~$7.8B system sales provide durable, royalty‑driven revenue with low capital intensity. Recurring percentage-based royalties and diversified franchisees smooth company cash flow and make top-line less dependent on company-operated store economics.
Negative Factors
Negative shareholders' equity and leverage
Persistent negative equity and elevated leverage materially weaken the balance sheet, reducing the firm's ability to absorb shocks. This structural capital deficiency increases refinancing and covenant risk, constrains strategic optionality and raises the cost of incremental capital over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Franchise model and system scale
A predominately franchised model and ~$7.8B system sales provide durable, royalty‑driven revenue with low capital intensity. Recurring percentage-based royalties and diversified franchisees smooth company cash flow and make top-line less dependent on company-operated store economics.
Read all positive factors
Dine Brands Global (DIN) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$360.59M
Dividend Yield5.1%
Average Volume (3M)362.66K
Price to Earnings (P/E)27.2
Beta (1Y)1.05
Revenue Growth8.25%
EPS Growth-76.51%
CountryUS
Employees992
SectorConsumer Cyclical
Sector Strength84
IndustryRestaurants
Share Statistics
EPS (TTM)1.46
Shares Outstanding12,980,318
10 Day Avg. Volume367,000
30 Day Avg. Volume362,660
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 Cap5.07
Enterprise Value/Revenue2.08
Enterprise Value/Gross Profit5.21
Enterprise Value/Ebitda14.43
Forecast
1Y Price Target
$31.00Price Target Upside4.55% Upside
Rating ConsensusHold
Number of Analyst Covering5
EPS Forecast (FY)4.71
Revenue Forecast (FY)$901.67M
Dine Brands Global Business Overview & Revenue Model
Company Description
Dine Brands Global, Inc., together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through five segments: Applebee's Franchise Operations, International Ho...
How the Company Makes Money
Dine Brands Global makes money primarily through a franchising-based revenue model rather than operating most restaurants itself. Key revenue streams generally include: (1) Franchise royalties: ongoing fees paid by franchisees, typically calculate...
Dine Brands Global Earnings Call Summary
Earnings Call Date:Feb 25, 2026
(Q4-2025)
| % Change Since: |
Next Earnings Date:May 06, 2026
Earnings Call Sentiment Neutral
The call conveyed meaningful operational progress — product innovation, digital engagement, positive traffic trends (especially at IHOP), accelerated development and dual-brand momentum — that underpin management's optimism for 2026. However, material near-term financial headwinds (lower full-year adjusted EBITDA vs prior year, a large decline in adjusted free cash flow, higher CapEx and company-restaurant investments impacting EBITDA and cash) temper the outlook. Guidance for 2026 (Applebee's and IHOP comp range 0%–2% and EBITDA $220M–$230M) reflects modest improvement and a return toward stability. Overall, the narrative emphasized strategic progress and a path to recovery but highlighted notable financial pressures and investment-driven cash impacts.Positive Updates
Q4 Adjusted EBITDA Improvement
Adjusted EBITDA for Q4 increased to $59.8M from $50.1M (up ~19.4% YoY), driven in part by national advertising timing benefits.
Negative Updates
Full-Year Adjusted EBITDA Decline
Adjusted EBITDA for the full year decreased to $219.8M from $239.8M (down ~8.3% YoY), reflecting investments, company-owned restaurant impacts and transitory costs.
Read all updates
Q4-2025 Updates
Positive
Negative
Q4 Adjusted EBITDA Improvement
Adjusted EBITDA for Q4 increased to $59.8M from $50.1M (up ~19.4% YoY), driven in part by national advertising timing benefits.
Read all positive updates
Company Guidance
The company guided 2026 domestic system-wide comparable sales of 0% to +2% for both Applebee’s and IHOP, with Applebee’s net domestic unit outlook of roughly -15 to -5 restaurants and IHOP a range of -10 to +10 net restaurants; they expect at least an incremental 50 dual‑brand openings in 2026 (bringing dual brands close to ~80 domestic by year‑end). Financial guidance includes G&A of $205M–$210M (including ~ $35M of noncash stock‑based comp and depreciation) and adjusted EBITDA of $220M–$230M, with company‑owned restaurants expected to move toward breakeven (after a ~ $10M negative EBITDA impact in 2025). Capital spending is forecast at $25M–$35M for 2026, and development/remodel targets include corporate plans to continue the Applebee’s Lookin’ Good program (management cited a goal of ~100+ remodels systemwide) while company‑owned plans call for roughly 23 remodels and ~8 dual‑brand conversions; management also reiterated ongoing share repurchases while prioritizing dual‑brand investment and disciplined capital allocation.Dine Brands Global Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
28
Negative
Cash Flow
57
Neutral
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 879.30M | 812.31M | 831.07M | 909.40M | 896.17M |
| Gross Profit | 350.80M | 375.31M | 396.68M | 377.36M | 375.23M |
| EBITDA | 73.10M | 200.84M | 217.38M | 213.69M | 225.10M |
| Net Income | 17.10M | 64.89M | 97.18M | 81.11M | 97.86M |
Balance Sheet | |||||
| Total Assets | 1.74B | 1.79B | 1.74B | 1.88B | 2.00B |
| Cash, Cash Equivalents and Short-Term Investments | 128.20M | 186.70M | 146.03M | 269.65M | 361.41M |
| Total Debt | 1.60B | 1.60B | 1.59B | 1.74B | 1.77B |
| Total Liabilities | 2.01B | 2.01B | 1.99B | 2.18B | 2.24B |
| Stockholders Equity | -273.80M | -216.02M | -250.97M | -301.08M | -242.81M |
Cash Flow | |||||
| Free Cash Flow | 53.40M | 94.09M | 93.97M | 54.02M | 178.99M |
| Operating Cash Flow | 89.00M | 108.16M | 131.14M | 89.34M | 195.84M |
| Investing Cash Flow | -31.60M | -8.45M | -30.10M | -80.90M | 3.86M |
| Financing Cash Flow | -104.30M | -51.70M | -225.44M | -108.80M | -230.40M |
Dine Brands Global Technical Analysis
Positive
29.65
Price Trends
29.51
Positive
31.64
Negative
27.80
Positive
Market Momentum
-0.40
Negative
59.08
Neutral
89.78
Negative
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 above the 20-day moving average (MA) of 26.84, above the 50-day MA of 29.51, and above the 200-day MA of 27.80, indicating a bullish trend. The MACD of -0.40 indicates Negative momentum. The RSI at 59.08 is Neutral, neither overbought nor oversold. The STOCH value of 89.78 is Negative, 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 |
|---|---|---|---|---|---|---|---|
73 Outperform | $411.00M | 31.17 | -182.42% | 2.09% | 7.79% | -9.60% | |
62 Neutral | $405.01M | 11.56 | 9.51% | ― | 3.60% | 5.54% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | $360.59M | 27.16 | -7.32% | 5.10% | 8.25% | -76.51% | |
54 Neutral | $472.40M | 16.54 | 4.32% | ― | 3.03% | -40.23% | |
48 Neutral | $239.85M | 2.44 | 7.30% | 9.34% | -13.38% | -73.15% |
* Consumer Cyclical Sector Average
DIN
Dine Brands Global
26.94
7.50
38.59%
JACK
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12.28
-14.88
-54.79%
NATH
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100.26
6.75
7.22%
LOCO
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13.07
3.99
43.94%
PTLO
Portillo's
6.49
-3.96
-37.89%
Dine Brands Global Corporate Events
Dividends
Dine Brands Global Declares First-Quarter 2026 Cash Dividend
Positive
Feb 20, 2026
On February 20, 2026, Dine Brands Global, Inc. announced that its Board of Directors declared a first-quarter 2026 cash dividend of $0.19 per share of common stock. The dividend is scheduled to be paid on April 10, 2026, to shareholders of record ...
Business Operations and StrategyExecutive/Board Changes
Dine Brands Global Adds Two Independent Directors to Board
Positive
Feb 3, 2026
On February 1, 2026, Dine Brands Global’s board of directors expanded its size from nine to eleven members and elected Amanda Clark and Enrique “Rick” Silva as independent directors, with their appointments announced publicly on ...
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.