Wedbush Reaffirms Their Buy Rating on Dine Brands Global Inc (DIN)


Wedbush analyst Nick Setyan maintained a Buy rating on Dine Brands Global Inc (DIN) today and set a price target of $120. The company’s shares closed on Friday at $80.55.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.3% and a 55.8% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Jack In The Box Inc, and BJ’s Restaurants.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Dine Brands Global Inc with a $117.50 average 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.