There’s a lot to be optimistic about in the Services sector as 2 analysts just weighed in on Dine Brands Global Inc (DIN) and 1-800 Flowers.com (FLWS) with bullish sentiments.
Dine Brands Global Inc (DIN)
Maxim Group analyst Stephen Anderson maintained a Buy rating on Dine Brands Global Inc today and set a price target of $120. The company’s shares closed yesterday at $88.66.
Anderson commented:
“Dine Brands Global (DIN) reported 4Q18 (December) pro forma EPS of $1.90, well-above our $1.79 estimate and the $1.82 Street mean.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.0% and a 68.0% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
Currently, the analyst consensus on Dine Brands Global Inc is a Moderate Buy with an average price target of $127.50, which is a 43.8% upside from current levels. In a report issued on April 17, Wedbush also maintained a Buy rating on the stock with a $135 price target.
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1-800 Flowers.com (FLWS)
In a report released today, Daniel Kurnos from Benchmark Co. maintained a Buy rating on 1-800 Flowers.com, with a price target of $27. The company’s shares closed yesterday at $21.29, close to its 52-week high of $21.70.
Kurnos wrote:
“We acknowledge that the stock largely reflects these realities at 13x F2021 EV/EBITDA but would argue that a moat is being built, that numbers remain conservative in both the short- and medium-term and that, with a net cash position of $110 million and a premium currency, an accretive, scaling acquisition seems like a foregone conclusion once the right asset is identified. Given the above, we believe 1-800-Flowers still has more room to run. Revenue of $248.4 million beat consensus by almost $7 million thanks to 7% y/y growth in Consumer Floral on yet another strong Valentine’s Day performance. Share gains from an organic uptick in everyday order volume, were the primary drivers – trends which seem sustainable for the foreseeable future.”
According to TipRanks.com, Kurnos is a 5-star analyst with an average return of 13.6% and a 58.2% success rate. Kurnos covers the Services sector, focusing on stocks such as Nexstar Media Group Inc, Booking Holdings Inc, and Sinclair Broadcast.
1-800 Flowers.com has an analyst consensus of Moderate Buy, with a price target consensus of $21.25, which is a -0.2% downside from current levels. In a report issued on April 24, D.A. Davidson also reiterated a Buy rating on the stock with a $22.50 price target.
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