Stocks

Have You Ever Heard Of Dine Brand Global???

Me either.  However, Dine Brand Global together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally.  I know this still doesn’t tell you who Dine Brand Global is.  How about this…the company owns Applebee’s and International House of Pancakes (IHOP).

Over the last four quarters, the company has surpassed consensus EPS estimates three times.  On Thursday as the stock rose 8% after the company reported a 21% jump in fourth quarter revenue end route to a beat in the fourth quarter.  The company reported fourth quarter earnings of $1.70 per share on revenue of $214.2 million vs analysts expectation of $1.57 per share on revenue of $197.3 million.  Dine Brands expects both Applebee’s and IHOP to increase comparable same-restaurant sales by 2% to 4% in 2019.

Helping out was the fact that IHOP launched its national delivery program with Door Dash in select locations last July. The company has since tripled the number of participating locations, now at 1,000 outposts, with another 300 planned in 2019.

In terms of outlook, Dine Brands expects both Applebee’s and IHOP to increase comparable same-restaurant sales by 2% to 4% in 2019. So how much room does Dine Brand Global have to move higher, lets go to the charts?

The weekly chart suggest that the train has already left the station already. However, the next stop is the weekly supply at $108 with the possibility of taking price back downtown.

This post is my personal opinion. I’m not a financial advisor, this isn’t financial advise. Do your own research before making investment decisions.

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