Dine Brands
Franchises IHOP family dining, Applebee's bar and grill, and Fuzzy's Taco Shop across the United States.
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Profile
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
Categories
Key statistics
Year to date +0.9% · Average volume (30d) 241.0K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating | Prior target | Target |
|---|---|---|---|---|---|---|
| Aug 10, 2026 | Piper Sandler | Reiterate | Neutral | $30 | $37 | |
| Aug 6, 2026 | Mizuho Securities | Target | $34 | $38 | ||
| May 7, 2026 | Barclays | Reiterate | Equal Weight | $40 | $28 | |
| Apr 2, 2026 | Keybanc | Downgrade | Overweight | Sector Weight | ||
| Jan 9, 2026 | Mizuho Securities | Target | $28 | $34 |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Aug 5, 2026Q2 FY26 | $1.20 | $1.16 | −3.3% | $237.3M | $240.9M | +1.5% | +2.58% |
| May 6, 2026Q1 FY26 | $1.00 | $0.88 | −12.0% | $222.1M | $225.2M | +1.4% | +4.16% |
| Feb 25, 2026Q4 FY25 | $1.08 | $1.46 | +35.2% | $226.3M | $217.6M | −3.8% | +2.05% |
| Nov 5, 2025Q3 FY25 | $0.82 | $0.73 | −11.0% | $226.3M | $216.2M | −4.5% | −4.24% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $214.8M | $230.8M | $216.2M | $217.6M | $225.2M | $240.9M | |
| Gross profit | $90.3M | $92.2M | $82.1M | $86.1M | $85.8M | $91.2M | |
| Operating income | $36.3M | $38.8M | $31.4M | $37.1M | $30.5M | $35.6M | |
| Net income | $8.2M | $13.8M | $7.3M | −$12.2M | $7.4M | $4.2M | |
| Diluted EPS | $0.53 | $0.89 | $0.48 | −$0.91 | $0.57 | $0.35 | |
| Gross margin | 42.0% | 40.0% | 38.0% | 39.6% | 38.1% | 37.9% | |
| Operating margin | 16.9% | 16.8% | 14.5% | 17.1% | 13.5% | 14.8% |
Fiscal years (4-quarter sums)FY21 $896.2M · FY22 $909.4M · FY23 $831.1M · FY24 $812.3M · FY25 $879.3M
Revenue by product · Q2 FY26
Balance sheet, Jun 28, 2026Cash & short-term investments $97.5M · Total debt $1.69B · Total assets $1.77B · Shareholders' equity −$292.0M
Dividends
Raised for 4 straight years. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Jun 24, 2026 | Jun 24 | Jul 10 | $0.19 | |
| Mar 18, 2026 | Mar 18 | Apr 10 | $0.19 | |
| Dec 23, 2025 | Dec 23 | Jan 7 | $0.19 | cut from $0.51 |
| Sep 19, 2025 | Sep 19 | Oct 8 | $0.51 | |
| Jun 20, 2025 | Jun 20 | Jul 9 | $0.51 | |
| Mar 17, 2025 | Mar 17 | Apr 4 | $0.51 | |
| Dec 20, 2024 | Dec 20 | Jan 7 | $0.51 | |
| Sep 20, 2024 | Sep 20 | Oct 8 | $0.51 |
Ownership
A 13F quarter can total more than the shares outstanding — sub-advisers file the same block twice, and a filer's own share count can be a quarter stale. No split is drawn from it.
Shares outstanding 12.69M · Float 12.02M · 94.8% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| AllianceBernstein L.P. | 1.35M | 8.60% | 13G | May 14, 2025 |
| BlackRock, Inc. | 1.33M | 10.50% | 13F | Aug 7, 2026 |
| Morgan Stanley | 989.1K | 7.80% | 13F | Aug 13, 2026 |
| CIBC World Market Inc. | 702.3K | 5.54% | 13F | Aug 13, 2026 |
| LSV Asset Management | 622.1K | 4.90% | 13F | Aug 6, 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 |
Peers
- 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
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Dine Brands | $33.60 | +0.24% | $426.2M | 68.6 | 7.7 | 0.5 | +4.4% |
| Brinker International | $230.19 | −0.04% | $9.87B | 21.2 | 17.3 | 1.7 | +5.1% |
| Darden Restaurants | $215.68 | −0.03% | $24.70B | 20.8 | 19.1 | 1.9 | +13.7% |
| Bloomin' Brands | $10.52 | −0.66% | $905.8M | 34.1 | 11.4 | 0.2 | +1.3% |
| Texas Roadhouse | $198.99 | +0.04% | $13.08B | 31.8 | 27.6 | 2.1 | +11.1% |
| Cracker Barrel | $55.70 | −0.02% | $1.24B | 48.1 | 68.5 | 0.4 | −2.9% |
| First Watch Restaurant Group | $12.51 | −0.08% | $772.0M | 44.1 | 50.6 | 0.6 | +15.2% |
| Chipotle Mexican Grill | $38.00 | −0.08% | $48.78B | 34.9 | 30.0 | 3.9 | +9.3% |
| Yum! Brands | $153.86 | 0.00% | $42.41B | 19.3 | 22.6 | 4.9 | +12.2% |
| Median | 33.0 | 25.1 | 1.8 | +10.2% |