Barclays Maintains Overweight Rating for Dine Brands Global: Here's What You Need To Know

Barclays has decided to maintain its Overweight rating of Dine Brands Global DIN and lower its price target from $64.00 to $57.00.

Shares of Dine Brands Global are trading up 0.65% over the last 24 hours, at $46.80 per share.

A move to $57.00 would account for a 21.79% increase from the current share price.

About Dine Brands Global

Dine Brands Global Inc owns and franchises thousands of restaurants under the Applebee's and International House of Pancakes names. Almost all company restaurants are located in the United States and franchised. Royalty revenue, which the company gets from franchisees based on franchisees' sales, accounts for roughly three-quarters of total company revenue. The company also earns revenue by leasing restaurant sites to franchisees. The company has four reportable segments Franchise operations, (an aggregation of Applebee's and IHOP franchise operations), Rental operations, Financing operations, and Company-operated restaurant operations. The majority of revenue is derived from the Franchise operations segment.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.