Wedbush Raises Dine Brands Global (NYSE:DIN) Price Target to $48.00

Wedbush Securities, a leading financial services firm, has raised its price target for Dine Brands Global (NYSEDIN) from $46.00 to $48.00 in a research note published on Thursday. The brokerage currently maintains a neutral rating on the restaurant operator's stock.

Dine Brands Global is a leading global restaurant company that operates through its subsidiaries, which include Applebee's, IHOP, and Arby's. The company has a diverse portfolio of restaurants with over 18,000 locations in more than 60 countries.

In the research note, Wedbush analysts cited several factors that contributed to their decision to raise the price target. These include the company's strong financial performance, its ability to adapt to changing consumer preferences, and its ongoing expansion efforts.

Wedbush also provided estimates for Dine Brands Global's Q4 2023 earnings at $1.12 EPS and Q1 2024 […]. The brokerage expects the company to continue to grow its revenue and profitability in the coming years, driven by its strong brand recognition, diverse menu offerings, and global presence.

Overall, Wedbush's decision to raise its price target for Dine Brands Global reflects the company's confidence in the restaurant operator's ability to continue delivering strong financial performance and growth opportunities for investors.