Dine Brands Global

DIN · NYSE

$32.16−$0.16 (−0.50%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $32.32

DIN analyst rating

HoldConsensus of 7 analysts over the last 12 months. 14% rate it a buy.

Strong buy0
Buy1
Hold6
Underperform0
Sell0

12-month price target · 4 analysts

Average $37.06 (+15.2% upside)

Low: $33.33
Now: $32.16
High: $39.90

Upgrades and downgrades

The latest rating actions, newest first

DIN analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
Piper Sandler	Aug 10, 2026	Maintains	Neutral	$28.00 → $37.00	64%
Mizuho	Jul 31, 2026	Maintains	Neutral	$30.00 → $36.00	55%
Barclays	May 7, 2026	Maintains	Equal-Weight	$30.00 → $28.00	55%
Mizuho	Apr 2, 2026	Maintains	Neutral	$34.00 → $30.00	55%
Keybanc	Apr 2, 2026	Downgrade	Overweight → Sector Weight	—	55%
UBS	Feb 26, 2026	Maintains	Neutral	$35.00 → $33.00	47%
Barclays	Feb 26, 2026	Maintains	Equal-Weight	$40.00 → $30.00	55%
Mizuho	Jan 9, 2026	Maintains	Neutral	$28.00 → $34.00	55%
Barclays	Jan 7, 2026	Maintains	Equal-Weight	$26.00 → $40.00	55%
UBS	Jan 6, 2026	Maintains	Neutral	$21.00 → $35.00	47%

The case for and against

Updated Sep 23, 2026

Bull case

Dine Brands Global is currently executing their Dual Brand conversion strategy, with a goal of reaching 80 locations by the end of the year. While the strategy has potential to increase revenue and create business opportunities, investors should also consider the potential additional capex and G&A requirements for the company, as well as the potential re-franchising of locations. Due to these factors, we are downgrading our outlook on DIN shares to Sector Weight from Overweight and are reducing our estimates for 1Q and the full year.

Bear case

Dine Brands Global is facing pressure in its Applebee's segment due to increased competition in the bar & grill/varied menu category and a more uncertain macroeconomic backdrop, causing same-restaurant sales to decline. While IHOP's sales outperformed industry benchmarks, the overall consumer environment remains challenging and may continue to affect Dine Brands' performance in the second half of 2026. As a result, the company's stock may face downward pressure as investors become more cautious about its future earnings potential.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.