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

By Jason Carr

Wedbush analyst Nick Setyan maintained a Buy rating on Denny’s Corp (DENNResearch Report) today and set a price target of $21. The company’s shares closed on Friday at $19.55, close to its 52-week high of $20.41.

According to TipRanks.com, Setyan is a 4-star analyst with an average return of 4.7% and a 58.7% 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.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Denny’s Corp with a $21 average price target.

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Denny’s Corp’s market cap is currently $1.19B and has a P/E ratio of 25.65. The company has a Price to Book ratio of -8.51.

Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. Earlier this month, Mark Wolfinger, the EVP, Chief Admin Officer & CFO of DENN sold 7,500 shares for a total of $144,079.

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.