Dine Brands (DIN)
Franchises IHOP family dining, Applebee's bar and grill, and Fuzzy's Taco Shop across the United States.
Something off on this page? Send us feedback.
Owns and franchises IHOP, Applebee's Neighborhood Grill + Bar, and Fuzzy's Taco Shop, collecting royalties, advertising fees, and rental income from independent operators rather than running most restaurants itself. Applebee's traffic softness weighed on results for years before a modest rebound, while a dual-brand Applebee's-IHOP format is being rolled out to franchisees.
A franchisor holding company built around three chains: IHOP for family and breakfast dining, Applebee's Neighborhood Grill + Bar for casual bar-and-grill service, and Fuzzy's Taco Shop, a Baja-inspired fast-casual concept added more recently. Franchise royalties and advertising fees drive most revenue, supplemented by rental income and a small directly operated segment.
The chains operate over 3,500 restaurants across roughly 20 international markets, though the business remains concentrated in the United States. A dual-brand format pairing Applebee's and IHOP under one roof is being rolled out with franchisees, extending growth beyond the legacy single-brand footprint.
Applebee's traffic softened for years before a modest rebound, a swing that carries outsized weight since franchise fees from the two legacy full-service brands still account for most total revenue.
Company facts
Target rangeAs of Sep 22, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Aug 10, 2026 | Piper Sandler | Reiterate | Rating: —Target: $30 | Target: $37 |
| Aug 6, 2026 | Mizuho Securities | Target | Target: $34 | Target: $38 |
| May 7, 2026 | Barclays | Reiterate | Rating: —Target: $40 | Target: $28 |
| Apr 2, 2026 | Keybanc | Downgrade | ||
| Jan 9, 2026 | Mizuho Securities | Target | Target: $28 | Target: $34 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 28, 2026Cash & short-term investments $97.5M · Total debt $1.69B · Total assets $1.77B · Shareholders' equity −$292.0M
- Revenue
- $240.9M
- Operating income
- $35.6M
- Net income
- $4.2M
HistoryDividendAnnual yield
| Institutions | 100.54% | 12.73M shares | |
|---|---|---|---|
| 157 holders · as of Jun 30, 2026 | |||
| Insiders | 5.00% | 632.6K shares | |
| 16 holders · as of May 29, 2026 | |||
| Adds to | 105.54% | ||
12.66M company shares as of Sep 23, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
These groups come from separate filings that can overlap, so they add to 105.54%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.52% | 1.33M | as of Jun 30, 2026 |
Morgan StanleyInstitution | 7.81% | 989,074 | as of Jun 30, 2026 |
CIBC World Market Inc.Institution | 5.55% | 702,291 | as of Jun 30, 2026 |
LSV Asset ManagementInstitution | 4.91% | 622,092 | as of Jun 30, 2026 |
Healthcare of Ontario Pension Plan Trust FundInstitution | 4.74% | 599,500 | as of Jun 30, 2026 |
Insider tradesForm 4
| Date | Insider | Role | Shares | Avg price |
|---|---|---|---|---|
| May 8, 2026 | Michael Hyter | director | −1,800 | $28.88 |
| Mar 13, 2026 | Douglas M. Pasquale | director | +1,000 | $27.75 |
| Mar 10, 2026 | Douglas M. Pasquale | director | +1,000 | $29.00 |
| Mar 12, 2026 | Douglas M. Pasquale | director | +2,000 | $28.25 |
| Mar 9, 2026 | Douglas M. Pasquale | director | +500 | $30.00 |
- Brinker International
Chili's rivals Applebee's head-on in value-priced bar & grill dining
- Darden Restaurants
Olive Garden and LongHorn rival Applebee's at much larger scale
- Bloomin' Brands
Outback's value bundles compete with Applebee's for casual dinner traffic
- Texas Roadhouse
Value-priced steakhouse chain outgrowing Applebee's on same-store sales
- Cracker Barrel
Company-owned Southern family-dining chain with retail shops rivals IHOP
- First Watch Restaurant Group
Fast-growing daytime-only brunch chain vies with IHOP for breakfast traffic
- Chipotle Mexican Grill
Category-leading fast-casual Mexican chain dwarfs Fuzzy's Taco Shop in scale
- Yum! Brands
Taco Bell dwarfs Fuzzy's; both operate as multi-brand royalty franchisors
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dine Brands | $29.33 | +2.61% | $362.5M | 58.3 | 6.8 | 0.4 | +4.4% |
| Brinker International | $207.88 | +0.52% | $8.87B | 19.0 | 15.6 | 1.5 | +5.1% |
| Darden Restaurants | $213.75 | +0.10% | $24.44B | 20.6 | 18.9 | 1.8 | +13.7% |
| Bloomin' Brands | $8.61 | +0.72% | $732.0M | 27.6 | 9.3 | 0.2 | +1.3% |
| Texas Roadhouse | $164.23 | −1.14% | $10.92B | 26.6 | 22.8 | 1.8 | +11.1% |
| Cracker Barrel | $48.10 | +5.76% | $1.02B | 39.3 | 43.7 | 0.3 | −2.2% |
| First Watch Restaurant Group | $9.91 | −4.02% | $636.9M | 36.4 | 40.0 | 0.5 | +15.2% |
| Chipotle Mexican Grill | $32.51 | −0.38% | $41.85B | 29.9 | 25.6 | 3.4 | +9.3% |
| Yum! Brands | $140.04 | +0.23% | $38.51B | 17.6 | 20.9 | 4.4 | +12.2% |
| Median | 27.1 | 21.9 | 1.6 | +10.2% |