Maxim Group analyst Stephen Anderson maintained a Buy rating on Dine Brands Global Inc (NYSE: DIN) today and set a price target of $115. The company’s shares opened today at $84.28.
Anderson commented:
“We maintain our Buy rating and $115 price target on Dine Brands Global (DIN) following this morning’s release of preliminary 3Q18 (September) comp results at Applebee’s.”
According to TipRanks.com, Anderson is a top 100 analyst with an average return of 14.5% and a 73.4% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Del Taco Restaurants.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dine Brands Global Inc with a $115 average price target.
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Based on Dine Brands Global Inc’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $12.29 million. In comparison, last year the company had a GAAP net loss of $443 million.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock.
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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.