Denny’s Corp. Upgraded by TheStreet to “Buy” (DENN)
Denny’s Corp. (NASDAQ:DENN) was upgraded by research analysts at TheStreet from a “hold” rating to a “buy” rating in a report released on Friday, Analyst Ratings Network reports.
The analysts wrote, “Denny’s Corporation (DENN) has been upgraded by TheStreet Ratings from hold to buy. The company’s strengths can be seen in multiple areas, such as its notable return on equity and increase in stock price during the past year. We feel these strengths outweigh the fact that the company has had sub par growth in net income.”
Shares of Denny’s Corp. (NASDAQ:DENN) remained flat at $6.50 during trading on Friday. The stock had a trading volume of 487,574 shares. Denny’s Corp. has a one year low of $5.27 and a one year high of $7.51. The stock has a 50-day moving average of $6.81 and a 200-day moving average of $6.5. The company has a market cap of $580.0 million and a P/E ratio of 22.41.
Denny’s Corp. (NASDAQ:DENN) last issued its quarterly earnings data on Wednesday, February 19th. The company reported $0.08 EPS for the quarter, meeting the Thomson Reuters consensus estimate of $0.08. The company had revenue of $114.26 million for the quarter, compared to the consensus estimate of $116.16 million. On average, analysts predict that Denny’s Corp. will post $0.36 earnings per share for the current fiscal year.
A number of other firms have also recently commented on DENN. Analysts at Wedbush downgraded shares of Denny’s Corp. from an “outperform” rating to a “neutral” rating in a research note on Tuesday. They now have a $6.75 price target on the stock, down previously from $7.25. Analysts at Janney Montgomery Scott downgraded shares of Denny’s Corp. from a “buy” rating to a “neutral” rating in a research note on Wednesday, November 27th. They now have a $7.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $7.00.
Denny’s Corporation (NASDAQ:DENN) operates a family-style restaurant chains in the United States.
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