Wedbush Maintains Their Buy Rating on Denny’s Corp (DENN)

By Austin Angelo

In a report released today, Nick Setyan from Wedbush maintained a Buy rating on Denny’s Corp (DENNResearch Report), with a price target of $20. The company’s shares closed on Friday at $17.94.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.3% and a 55.8% success rate. Setyan covers the Services sector, focusing on stocks such as Dine Brands Global Inc, 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 $20.50.

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Denny’s Corp’s market cap is currently $1.13B and has a P/E ratio of 26.38. The company has a Price to Book ratio of -10.26.

Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Mark Wolfinger, the EVP, Chief Admin Officer & CFO of DENN sold 7,500 shares for a total of $125,025.

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.