Toast, Inc. (TOST) has entered into a significant agreement with Dine Brands Global, Inc. (DIN, Financial), the owner of the Applebee’s Neighborhood Grill + Bar chain, to deploy its technology solutions across Applebee’s locations throughout the United States.
Although the addition of Applebee's locations might seem minor in comparison to Toast's existing customer base of 134,000 establishments, this partnership marks a noteworthy achievement for Toast as it expands its reach into larger restaurant chains. This collaboration with Applebee's is the most substantial chain acquisition Toast has secured thus far, according to DA Davidson.
DA Davidson maintains a Neutral rating on Toast's stock, with a price target set at $42, highlighting the firm's cautious optimism regarding Toast's growth potential within the restaurant technology market.
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 50.34% from the current price of $19.86. 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 187.36% from the current price of $19.86. 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.
