Sep. 21 at 2:31 PM
$DIN Finding the right new president for Applebee's can make a monumental difference for shareholders. Executive talent from Starbucks and the Four Seasons have also joined DIN recently.
Successful restaurant turnarounds after hiring a new president example: Starbucks's August 13, 2024, a 24.5% single-day stock surge and over 750% stock price increase under Brian Niccol's previous leadership at Chipotle.
Chili's (owned by Brinker International) saw a significant increase in its stock price, from around
$32.15 the day Kevin Hochman was hired as CEO in 2022 to
$136 currently.
Activist Investors Edge Consulting Group, owning 1% of DIN, also have proposed suggestions for 150% to 200% gains in 24 to 36 months.