Denny’s (DENN) Receives a Buy from Wedbush

Wedbush analyst Nick Setyan maintained a Buy rating on Denny’s (DENNResearch Report) today and set a price target of $22.00. The company’s shares closed last Tuesday at $14.06.

According to TipRanks.com, Setyan is a 5-star analyst with an average return of 12.9% and a 59.3% success rate. Setyan covers the Services sector, focusing on stocks such as Papa John’s International, Brinker International, and Del Taco Restaurants.

Currently, the analyst consensus on Denny’s is a Strong Buy with an average price target of $20.40, a 45.4% upside from current levels. In a report issued on July 28, Wells Fargo also maintained a Buy rating on the stock with a $20.00 price target.

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Denny’s’ market cap is currently $901.9M and has a P/E ratio of 155.90. The company has a Price to Book ratio of -4.73.

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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. It has various franchised, licensed, and company-owned restaurants across Canada, Costa Rica, Guam, Honduras, Mexico, New Zealand, Puerto Rico & the United States. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.