In a report released yesterday, Stephen Anderson from Maxim Group maintained a Hold rating on Denny’s Corp (DENN), with a price target of $21. The company’s shares closed yesterday at $22.59, close to its 52-week high of $23.55.
Anderson wrote:
“We maintain our Hold rating and $21 price target on Denny’s (DENN) even as the company reported better-than-expected 2Q19 (June) results.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 7.5% and a 60.9% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Famous Dave’s Of America.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Denny’s Corp with a $22.83 average price target.
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Denny’s Corp’s market cap is currently $1.36B and has a P/E ratio of 19.93. The company has a Price to Book ratio of -9.48.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Most recently, in June 2019, Mark Wolfinger, the EVP, Chief Admin Officer & CFO of DENN sold 47,550 shares for a total of $984,036.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Denny’s Corp. operates as a family restaurant chain, which owns and operates Denny’s restaurant brand. It provides breakfast, lunch and dinner including craveable burgers, sandwiches, salads and entrees. The company also offers appetizers and desserts cater to the late-night crowd.