Applebee's Parent Dine Brands Falls
Applebee's Parent Dine Brands Falls After Truist Downgrade Tied to Sales Concerns
Key Takeaways Shares of Dine Brands Global, the parent company of Applebee's and IHOP, fell Friday after receiving a downgrade from a Truist equities analyst.The analyst wrote Thursday that his firm's card data showed Applebee's sales struggling more than some of its competitors in recent months.
Dine Brands falls after Truist warns Applebee's may be 'severely' underperforming
Truist Securities cut its rating on Dine Brands Global (NYSE:DIN) to Hold from Buy on Friday. "Apparent divergence from improving industry trends gives us less confidence in a positive near-term sales catalyst for the stock,
Applebee’s parent’s stock slides 5% after Truist downgrades on worry about slowing sales
Potentially severe Applebee’s same-store sales underperformance vs. peers (based on Truist Card Data) shakes our confidence that improving same-store sales will be a near-term catalyst for the shares,
Dine Brands Global Downgraded to Hold Amid Underperforming Sales and Reduced Price Target
Truist Financial analyst Jake Bartlett downgraded the rating on Dine Brands Global (DIN – Research Report) to a Hold yesterday, setting a
Allspring Global Investments Holdings, LLC Adjusts Stake in Dine Brands Global Inc
Overview of Recent Transaction On September 30, 2024, Allspring Global Investments Holdings, LLC (Trades, Portfolio) made a significant adjustment to its investment portfolio by reducing its stake in Dine Brands Global Inc (NYSE:DIN).
Truist Securities Downgrades Dine Brands Global (DIN)
Fintel reports that on October 4, 2024, Truist Securities downgraded their outlook for Dine Brands Global (NYSE:DIN) from Buy to Hold. Analyst Price Forecast Suggests 38.46% Upside As of September 25,
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Dine Brands Global (DIN) vs. Jack in the Box (JACK): Which Restaurant Stock Is Cooking up Better Returns?
The restaurant industry is well-positioned for growth convenience offered by fast-casual restaurants and advanced technology ...
BJ's Restaurants: Trying To Leverage The 'Pizookie Meal Deal', But It Might Be Too Late
BJ's Restaurants' promotional mix failed to capture value-seeking guests, leading to declining traffic and comparable sales.
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Dine Brands' Transformation Plan: A Recipe for Recovery?
Dine Brands Global, Inc. DIN is the driving force behind beloved restaurant sector brands like Applebee's, IHOP, and Fuzzy's Taco Shop. Through a strategic franchise model, Dine Brands has ...
Applebee's Parent Dine Brands' Strong Free Cash Flow And Accelerated Share Repurchase Is Noteworthy, Analyst Upgrades Stock
Wedbush analyst Nick Setyan upgraded Dine Brands Global, Inc. (NYSE:DIN) to Outperform from Neutral, raising the price ...