Steve Joyce is hungry for an acquisition, at the right price.

"We want to look at a chain that is less than 100 units because in today's market, you are going to overpay -- I am OK overpaying for 70 units, I am not OK overpaying for 700," Joyce, the new CEO of Dine Global Brands (DIN) , told TheStreet. Joyce said he is most interested in an emerging fast casual restaurant chain.

Holding Dine Brands back somewhat on making a huge purchase is its heavy debt load of $1.3 billion, mostly dating back to the purchase of Applebee's in 2007.

Dine Brands, formerly called DineEquity before a re-brand revealed on Wednesday, certainly has a pool of next generation restaurants to mull over. The company could go the pizza route and gobble up the fast-growing, better ingredient player Blaze Pizza. Or, it could splurge to get into the burger scene with Shake Shack (SHAK) . The better burger chain has seen its stock slip 18% since the all-time high hit around its 2015 IPO

TheStreet recently asked Coca-Cola (KO) CEO James Quincey about his appetite to do deals. Watch what he said below. 

More from Stocks

Other Electric-Car Makers Can't Compete With Tesla's Battery Tech

Other Electric-Car Makers Can't Compete With Tesla's Battery Tech

3 Must Reads on the Market From TheStreet's Top Columnists

3 Must Reads on the Market From TheStreet's Top Columnists

Dow Tumbles as Trump Ratchets Up China Trade Fight

Dow Tumbles as Trump Ratchets Up China Trade Fight

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

10 Stocks Goldman Sachs Thinks Will Crush the S&P 500's Performance in 2019

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart

Dropbox Is the New Defensive Stock to Own With the Market Falling Apart