Dine Brands Global (DIN) Received its Third Buy in a Row

After Wedbush and Raymond James gave Dine Brands Global (NYSE: DIN) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Eric Gonzalez maintained a Buy rating on Dine Brands Global today and set a price target of $85.00. The company’s shares closed last Friday at $66.94.

According to TipRanks.com, Gonzalez is a 4-star analyst with an average return of 7.4% and a 51.4% success rate. Gonzalez covers the Services sector, focusing on stocks such as Papa John’s International, Brinker International, and Wendy’s.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dine Brands Global with a $89.00 average price target, representing a 30.0% upside. In a report issued on July 8, Wedbush also maintained a Buy rating on the stock with a $85.00 price target.

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Dine Brands Global’s market cap is currently $1.17B and has a P/E ratio of 12.11.

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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.

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