In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Dine Brands Global Inc (DIN), with a price target of $135. The company’s shares closed yesterday at $99.49, close to its 52-week high of $99.75.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 56.7% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and Cheesecake Factory.
Dine Brands Global Inc has an analyst consensus of Moderate Buy, with a price target consensus of $127.50, implying a 28.2% upside from current levels. In a report issued on February 13, Maxim Group also maintained a Buy rating on the stock with a $120 price target.
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Based on Dine Brands Global Inc’s latest earnings release for the quarter ending September 30, the company reported a quarterly net profit of $22.79 million. In comparison, last year the company had a net profit of $82.97 million.
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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.
