In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Denny’s (DENN), with a price target of $13.00. The company’s shares closed last Tuesday at $10.60.
According to TipRanks.com, Setyan is a 4-star analyst with an average return of 5.5% and a 56.1% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Del Taco Restaurants, and Dine Brands Global.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Denny’s with a $12.50 average price target, representing a 22.3% upside. In a report released today, Oppenheimer also maintained a Buy rating on the stock with a price target.
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Based on Denny’s’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $40.16 million and GAAP net loss of $22.97 million. In comparison, last year the company earned revenue of $152 million and had a net profit of $34.24 million.
Based on the recent corporate insider activity of 28 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. Last month, John William Dillon, the EVP and Chief Brand Officer of DENN sold 8,900 shares for a total of $103,151.
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. 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.
