Denny’s Corp. PT Raised to $8.00 (DENN)
Stock analysts at Feltl & Co. lifted their price objective on shares of Denny’s Corp. (NASDAQ:DENN) from $7.00 to $8.00 in a report issued on Tuesday, AmericanBankingNews.com reports. The firm currently has a “buy” rating on the stock. Feltl & Co.’s price objective indicates a potential upside of 21.21% from the company’s current price.
Separately, analysts at Janney Montgomery Scott initiated coverage on shares of Denny’s Corp. in a research note to investors on Tuesday, September 10th. They set a “buy” rating on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $6.75.
Shares of Denny’s Corp. (NASDAQ:DENN) traded down 2.12% during mid-day trading on Tuesday, hitting $6.46. 79,807 shares of the company’s stock traded hands. Denny’s Corp. has a 1-year low of $4.52 and a 1-year high of $6.24. The stock’s 50-day moving average is $5.70 and its 200-day moving average is $5.76. The company has a market cap of $584.2 million and a P/E ratio of 25.38.
Denny’s Corp. (NASDAQ:DENN) last posted its quarterly earnings results on Monday, October 28th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.08. The company had revenue of $117.28 million for the quarter, compared to the consensus estimate of $118.77 million. During the same quarter last year, the company posted $0.06 earnings per share. Denny’s Corp.’s revenue was down 3.0% compared to the same quarter last year. On average, analysts predict that Denny’s Corp. will post $0.32 earnings per share for the current fiscal year.
Denny’s Corporation (NASDAQ:DENN) operates a family-style restaurant chains in the United States.
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