Wedbush Keeps a Buy Rating on Denny’s Corp

By Austin Angelo

In a report issued on July 27, Nick Setyan from Wedbush maintained a Buy rating on Denny’s Corp (NASDAQ: DENN), with a price target of $14. The company’s shares closed on Friday at $11.40.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.6% and a 60.0% success rate. Setyan covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Del Taco Restaurants, and Jack In The Box Inc.

Denny’s Corp has an analyst consensus of Moderate Buy, with a price target consensus of $13.

Based on Denny’s Corp’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $128 million and quarterly net profit of $8.37 million. In comparison, last year the company earned revenue of $124 million and had a GAAP net loss of $11.55 million.

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Denny’s Corp. operates as a full-service family restaurant chain. The company through its wholly-owned subsidiary, Denny’s, Inc., owns and operates Denny’s restaurant brand. It provides breakfast, lunch and dinner including craveable burgers, sandwiches, salads and entrees. It also offers appetizers and desserts cater to the late-night crowd.