Toast Inc. (TOST) has reached an agreement with Dine Brands Global Inc. (DIN, Financial) to roll out its technology solutions across Applebee's restaurants nationwide. This strategic partnership will see Applebee's integrating Toast's comprehensive suite of products, including point-of-sale terminals, Toast Go handheld devices, and the Kitchen Display Systems. Additionally, they will adopt the Restaurant Management Suite Enterprise to streamline operations.
The announcement has positively impacted Toast's stock, which has risen by 3%, pushing shares up $1.09 to $35.17 in premarket trading. This collaboration marks a significant step for Toast in expanding its presence in the restaurant technology sector, particularly with a prominent brand like Applebee's.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 7 analysts, the average target price for Dine Brands Global Inc (DIN, Financial) is $29.86 with a high estimate of $45.00 and a low estimate of $25.00. The average target implies an upside of 48.22% from the current price of $20.14. More detailed estimate data can be found on the Dine Brands Global Inc (DIN) Forecast page.
Based on the consensus recommendation from 10 brokerage firms, Dine Brands Global Inc's (DIN, Financial) average brokerage recommendation is currently 2.9, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dine Brands Global Inc (DIN, Financial) in one year is $57.07, suggesting a upside of 183.31% from the current price of $20.1438. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dine Brands Global Inc (DIN) Summary page.
