Dine Brands (DIN) PT Lowered to $118 at Truist Securities

August 5, 2021 3:57 PM EDT
Get Alerts DIN Hot Sheet
Price: $86.12 +0.78%

Rating Summary:
    10 Buy, 8 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 17 | Down: 5 | New: 36
Trade Now! 
Join SI Premium – FREE

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

Truist Securities analyst Jake Bartlett lowered the price target on Dine Brands (NYSE: DIN) to $118.00 (from $120.00) while maintaining a Buy rating.

The analyst commented, "Following solid 2Q21 results, we are lowering our ests. (higher G&A guidance) and our PT to $118, from $120, but still see strong upside to the shares. SSS at both brands accelerated in 2Q21, and while DIN did not give current trends, competitors have reported accelerating SSS in July. Applebee's has sustained higher avg. check and we expect IHOP trends to accelerate as late-night hours return. We continue to expect return of cash to shareholders in 4Q21, and DIN expects net unit growth in '22 at IHOP and '23 at Applebee's, which should drive multiple expansion."

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In

Related Categories

Analyst Comments, Analyst EPS View, Analyst PT Change