Dine Brands Global Inc (DIN) Receives a Buy from Maxim Group

Maxim Group analyst Stephen Anderson maintained a Buy rating on Dine Brands Global Inc (DIN) today and set a price target of $120. The company’s shares closed yesterday at $84.23.

Anderson noted:

“We maintain our Buy rating on Dine Brands Global (DIN) and raise our price target to $120, from $115, ahead of the release of 4Q18 (December) results on Thursday, February 21, before the open.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.8% and a 67.1% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Del Taco Restaurants.

Dine Brands Global Inc has an analyst consensus of Moderate Buy, with a price target consensus of $120, a 42.5% upside from current levels. In a report issued on January 31, Wedbush also initiated coverage with a Buy rating on the stock with a $120 price target.

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Dine Brands Global Inc’s market cap is currently $1.49B and has a P/E ratio of 11.13. The company has a Price to Book ratio of -7.

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Dine Brands Global, Inc. owns and franchises casual and family dining restaurants. It operates through four segments: Franchise Operations, Rental operations, Company Restaurant Operations, and Financing Operations. The Franchise Operations segment comprises of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants.

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