Shares of Dine Brands Global, the parent of Applebee's and IHOP, slipped Friday after a Truist analyst downgraded the stock on concerns that Applebee's sales slowed over August and September when the broader industry had gains.

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,

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,

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,