Wedbush analyst Nick Setyan maintained a Buy rating on Denny’s (DENN) today and set a price target of $13.00. The company’s shares closed last Thursday at $8.77.
According to TipRanks.com, Setyan is a 2-star analyst with an average return of -0.4% and a 52.3% success rate. Setyan covers the Services sector, focusing on stocks such as Del Taco Restaurants, Dine Brands Global, and Cheesecake Factory.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Denny’s with a $12.00 average price target, implying a 41.3% upside from current levels. In a report issued on May 5, Oppenheimer also maintained a Buy rating on the stock with a $13.00 price target.
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The company has a one-year high of $23.88 and a one-year low of $4.50. Currently, Denny’s has an average volume of 1.12M.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of DENN in relation to earlier this year.
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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. It has various franchised, licensed, and company-owned restaurants across Canada, Costa Rica, Guam, Honduras, Mexico, New Zealand, Puerto Rico & the United States. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.
