Fintel reports that on August 2, 2023, Wedbush reiterated coverage of Denny`s (NASDAQ:DENN) with a Neutral recommendation.
Analyst Price Forecast Suggests 20.19% Upside
As of August 2, 2023, the average one-year price target for Denny`s is 14.13. The forecasts range from a low of 12.12 to a high of $17.85. The average price target represents an increase of 20.19% from its latest reported closing price of 11.76.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Denny`s is 474MM, an increase of 0.22%. The projected annual non-GAAP EPS is 0.67.
What is the Fund Sentiment?
There are 349 funds or institutions reporting positions in Denny`s. This is a decrease of 7 owner(s) or 1.97% in the last quarter. Average portfolio weight of all funds dedicated to DENN is 0.11%, a decrease of 3.86%. Total shares owned by institutions decreased in the last three months by 8.13% to 62,275K shares. 
The put/call ratio of DENN is 0.59, indicating a bullish outlook.
What are Other Shareholders Doing?
Allspring Global Investments Holdings holds 7,753K shares representing 13.83% ownership of the company. In it's prior filing, the firm reported owning 7,651K shares, representing an increase of 1.31%. The firm increased its portfolio allocation in DENN by 8.18% over the last quarter.
Wellington Management Group Llp holds 5,291K shares representing 9.44% ownership of the company. In it's prior filing, the firm reported owning 5,450K shares, representing a decrease of 3.02%. The firm decreased its portfolio allocation in DENN by 83.59% over the last quarter.
ESPAX - Wells Fargo Special Small Cap Value Fund holds 4,604K shares representing 8.22% ownership of the company. In it's prior filing, the firm reported owning 4,611K shares, representing a decrease of 0.16%. The firm increased its portfolio allocation in DENN by 18.20% over the last quarter.
Bank Of America holds 2,735K shares representing 4.88% ownership of the company. In it's prior filing, the firm reported owning 2,167K shares, representing an increase of 20.76%. The firm increased its portfolio allocation in DENN by 37.90% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 1,741K shares representing 3.11% ownership of the company. No change in the last quarter.
Denny`s Background Information
(This description is provided by the company.)
Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of December 30, 2020, Denny's had 1,650 franchised, licensed, and company restaurants around the world including 146 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, El Salvador, Indonesia, and the United Kingdom.
Additional reading:
- D E N N Y ’ S C O R P O R AT I O N INVESTOR PRESENTATION A U G U S T T H R O U G H S E P T E M B E R 2 0 2 3 FORWARD-LOOKING STATEMENTS AND NON-GAAP FINANCIAL MEASURES The Company urges caution in considering its current trends and any outlook on ear
- DENNY’S CORPORATION REPORTS RESULTS FOR SECOND QUARTER 2023 REITERATES FULL YEAR 2023 ADJUSTED EBITDA GUIDANCE
- INVESTOR PRESENTATION M A Y T H R O U G H J U N E 2 0 2 3 DENNY ’S CORPOR AT ION The Company urges caution in considering its current trends and any outlook on earnings disclosed either in this presentation or in its press releases. In addition, cert
- DENNY’S CORPORATION REPORTS RESULTS FOR FIRST QUARTER 2023 REITERATES FULL YEAR 2023 GUIDANCE
- Fourth Amended and Restated Credit Agreement, dated as of March 31, 2023, among Denny's, Inc., as the Borrower, Denny's Corporation, as Parent, and Certain Subsidiaries of Parent, as Guarantors, Wells Fargo Bank, National Association, as Administrative Agent on behalf of the Lenders under the Credit Agreement, and the Lenders.
This story originally appeared on Fintel.
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