Citi lowered the firm’s price target on Denny’s to $9 from $11 and keeps a Neutral rating on the shares. The firm said that top-line results missed expectations on comparable sales and units, and expects a combination of California exposure, Q2/Q4 weighted guidance, and concerned about stemming unit closures remain an overhang on shares from here.
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Read More on DENN:
- Denny’s price target lowered to $11 from $12 at Oppenheimer
- Denny’s price target lowered to $8.50 from $9.50 at Wedbush
- Denny’s Corp. Engages Investors with Strategic Insight Meetings
- Denny’s sees FY24 domestic system-wide same-restaurant sales between 0%-3%
- Denny’s reports Q1 adjusted EPS 11c, consensus 14c
