Barclays analyst Jeff Bernstein maintained a Buy rating on Dine Brands Global (DIN) on January 6 and set a price target of $80.00. The company’s shares closed last Thursday at $65.42.
According to TipRanks.com, Bernstein is a 4-star analyst with an average return of 8.0% and a 68.2% success rate. Bernstein covers the Services sector, focusing on stocks such as Restaurant Brands International, Brinker International, and Cheesecake Factory.
Currently, the analyst consensus on Dine Brands Global is a Strong Buy with an average price target of $76.25, implying a 13.8% upside from current levels. In a report issued on January 4, Deutsche Bank also upgraded the stock to Buy with a $77.00 price target.
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The company has a one-year high of $104.47 and a one-year low of $14.16. Currently, Dine Brands Global has an average volume of 396.9K.
Based on the recent corporate insider activity of 32 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DIN in relation to earlier this year.
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Dine Brands Global, Inc. owns and franchises casual and family dining restaurants. It operates through the following segments: Franchise, Rental, Company Restaurant, and Financing Operations. The Franchise Operations segment comprises of royalties, fees, and other income for Applebee’s and IHOP franchised and area licensed restaurants. The Rental Operations segment covers rental income derived from lease or sublease agreements covering IHOP and Applebee’s franchised restaurants. The Company Restaurant Operations includes retail sales from IHOP company-operated restaurants. The Financing Operations segment is in charge of interest income from receivables for equipment leases and franchise fee notes generally associated with IHOP franchised restaurants developed before 2003. The company was founded by Jerry Lapin, Al Lapin, Jr. and Albert Kallis on July 7, 1958 and is headquartered in Glendale, CA.
