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DineEquity (DIN) posted 3Q earnings of $1.14 a share (topping $1.07 consensus) and revenues of $162.85mm (beating $158.7mm consensus). Shares are up 8% over the last week.
We covered DIN back in 2013 and after the 2Q earnings, noting that DIN is a long-term growth story. Its P/E has expanded to 23x and its EV/EBITDA is up to 11x ev/ebitda and its dividend yield isn't as enticing as it once was given the stock price appreciation -- now at 3.6%. The valuation appears to be a little ahead of itself.
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