Benchmark analyst Todd Brooks lowered the firm’s price target on Denny’s to $15 from $16 and keeps a Buy rating on the shares after the company reported Q4 results that were slightly below the firm’s expectations after adjusting for $3M in one-time costs during the quarter. Given higher levels of G&A spending that Denny’s guided to for FY24, and carrying that spending through FY25, the firm is lowering its price target.
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