In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Denny’s Corp (DENN), with a price target of $24.50. The company’s shares closed yesterday at $21.68, close to its 52-week high of $22.20.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 56.3% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, Del Taco Restaurants, and Cheesecake Factory.
Currently, the analyst consensus on Denny’s Corp is a Moderate Buy with an average price target of $22.83.
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Based on Denny’s Corp’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $34.24 million. In comparison, last year the company had a net profit of $11.63 million.
Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is negative on the stock. Last month, 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.
