Benchmark reaffirmed a Hold rating on Dine Brands Global (NYSE:DIN) after the company announced a $100 million share repurchase program.
The new authorization adds to an existing program from February 2022, which had about $51 million remaining. Combined, Dine Brands has roughly $151 million for buybacks.
Full utilization could repurchase about 35% of shares outstanding. The stock gained 9.3% over the past week, though analysts suggest it trades above fair value.
Dine Brands also reported strong Q1 2026 results: EPS of $1.07 (beat by 5.94%) and revenue of $225.2 million (1.15% above estimates).
