Denny's (NASDAQ:DENN) Stock

Denny's

Denny's Corp is one of America's franchised full-service restaurant chains based on the number of restaurants. The company owns and operates the Denny's brand and the Keke's Breakfast Cafe brand. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelets, and others. The company generates its revenue from two sources: the sale of food and beverages and the collection of royalties, advertising revenue, initial and other fees, including occupancy revenue, from restaurants operated by their franchisees.

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When the stock market seems to be on a roll, trending ever so higher without much interruption, there comes a point when the excess returns begin to concentrate in a single area while leaving most other worthy names

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Denny&#39;s reported a slight 0.6% decline in Q4 sales, missing expectations. However, the company saw domestic same-restaurant sales grow by 1.1%, and Keke&#39;s had a strong 3% increase. 

Restaurant Chain Owner Denny&#39;s Q4 Earnings: Miss Expectations, Soft Sales And Consumer Headwinds Loom Large

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Wedbush analyst Nick Setyan upgraded Denny&#39;s rating to Outperform with a higher price target, citing upside potential from $2, $4, $6, $8 menu and Keke&#39;s acquisition.

Denny&#39;s Shares Rocket: Drivers Of Upside For Same Store Sales Growth In 2025, Says Bullish Analyst

Denny's Corp

Piper Sandler analyst Brian Mullan maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Neutral and lowers the price target from $7 to $6.

Piper Sandler Maintains Neutral on Denny's, Lowers Price Target to $6

Citigroup analyst Jon Tower maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Buy and lowers the price target from $8 to $7.

Citigroup Maintains Buy on Denny's, Lowers Price Target to $7

Oppenheimer analyst Michael Tames maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Outperform and lowers the price target from $8 to $7.

Oppenheimer Maintains Outperform on Denny's, Lowers Price Target to $7

Wedbush analyst Nick Setyan maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Outperform and lowers the price target from $10 to $8.5.

Wedbush Maintains Outperform on Denny's, Lowers Price Target to $8.5

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Denny's shares are trading lower following worse-than-expected Q4 reported financial results.

Shares of restaurant chain Denny&#8217;s Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) are trading lower on Wednesday.
The company reported fourth-quarter sales decline of 0.6% year-on-year to $114.7 million, missing the analyst consensus <a target="_blank" href="https://www.benzinga.com/pressreleases/25/02/g43652731/dennys-corporation-reports-results-for-fourth-quarter-and-full-year-2024" rel="noreferrer noopener">estimate of $115.663 million</a>.
Denny&#8217;s domestic system-wide same-restaurant sales grew 1.1% and Keke&#8217;s climbed 3%.
The operating income for the quarter surged 88% to $14.5 million, with an operating margin of 12.6%.
Total general and administrative expenses decreased 3.1% to $18.65 million. Adjusted EBITDA increased 11.1% Y/Y to $22.2 million.
Adjusted EPS of $0.14 <a target="_blank" href="https://www.benzinga.com/earnings" rel="noreferrer noopener">missed the analyst consensus estimate of $0.15.</a>
Denny&#8217;s has approximately $89.2 million remaining under its existing repurchase authorization.
&#8220;Looking ahead to 2025, there is still work to be done within our brands, particularly as we navigate near-term consumer sentiment that has been affected by macroeconomic factors. With the actions we are taking to maintain our position as a value leader, invest in our brands, reduce costs, and drive traffic, we are well positioned to deliver shareholder value,&#8221; said CEO Kelli Valade.
The company held $1.7 million in and equivalents as of December 25, 2024.
Outlook: Denny&#8217;s sees FY25 domestic system-wide same-restaurant sales of <a href="https://www.benzinga.com/calendars/guidance">(2.0%) &#8211; 1.0%.</a>
The company sees consolidated restaurant openings of 25 &#8211; 40 and commodity inflation between 2.0% &#8211; 4.0%.
Denny&#8217;s expects to repurchase $15 million &#8211; $25 million worth of shares in FY25.
Price Action: DENN shares are trading lower by 21.7% at $5.26 at the last check Wednesday.

Restaurant Chain Owner Denny's Q4 Earnings: Miss Expectations, Soft Sales And Consumer Headwinds Loom Large

Denny's Sees FY25 Domestic System-Wide Same-Restaurant Sales (2.0%) To 1.0%, Sees FY25 Adjusted EBITDA $80M-$85M

Earnings Misses

Denny's Q4 2024 Adj. EPS $0.14 Misses $0.15 Estimate, Sales $114.7M Miss $115.663M Estimate

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Earnings Scheduled For February 12, 2025

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<li>Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) stock moved upwards by 12.53% to $7.45. The market value of their outstanding shares is at $382.4 million. </li>
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<h3>Losers</h3>
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<li>SharpLink Gaming (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBET#NASDAQ">SBET</a>) shares decreased by 18.11% to $0.45. The market value of their outstanding shares is at $1.6 million. </li>
<li>GoPro (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GPRO#NASDAQ">GPRO</a>) shares decreased by 17.08% to $0.9. The company's market cap stands at $138.6 million. As per the news, the Q4 earnings report came out yesterday. </li>
<li>Leslies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LESL#NASDAQ">LESL</a>) stock decreased by 14.29% to $1.92. The market value of their outstanding shares is at $355.5 million. As per the news, the Q1 earnings report came out yesterday. </li>
<li>Fitell (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FTEL#NASDAQ">FTEL</a>) shares fell 12.27% to $5.51. The market value of their outstanding shares is at $110.7 million. </li>
<li>Hilton Grand Vacations (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HGV#NYSE">HGV</a>) shares decreased by 10.76% to $38.01. The company's market cap stands at $3.7 billion. 
See Also: <a href="http://www.benzinga.com/money/best-consumer-cyclical-stocks/" title="www.benzinga.com/money/best-consumer-cyclical-stocks/">www.benzinga.com/money/best-consumer-cyclical-stocks/</a></li>
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Friday's Pre-Market Session

There are drivers of upside to the current 2025 same store sales growth expectations for both Denny&#8217;s Corp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) and its recently acquired breakfast-and-lunch concept Keke's, according to Wedbush.
Denny&#8217;s Analyst: <a href="https://www.benzinga.com/analyst-stock-ratings/analyst/586e4054351b9b00018beea3/nick-setyan">Analyst Nick Setyan</a> upgraded the rating for Denny&#8217;s from Neutral to Outperform, while raising the price target from $6 to $10.
Denny&#8217;s Thesis: The company's introduction of the $2, $4, $6, $8 menu in August, product improvements and menu innovation "have driven significant improvements in guest sentiment," Setyan said in the upgrade note.
Check out <a href="https://www.benzinga.com/analyst-stock-ratings">other analyst stock ratings</a>.
In addition to three co-owned units being opened, Keke&#8217;s franchisees opened five units in the fourth quarter, "the same number of total franchisee openings since year-end 2022," the analyst stated.
Keke&#8217;s, which is "meaningfully undervalued and underappreciated," could contribute to Denny's EBITDA growth returning to the 5%-7% annual level, he added.
"On the heels of preannounced SSS growth upside at both Denny&#8217;s (1.1% vs. 0.2%) and Keke&#8217;s at ICR in January, we believe the probability of upside vs. current 2025 SSS growth expectations is high," Setyan wrote.
The company is likely to accelerate share repurchases in 2025 to around $30 million, he further stated.
DENN Price Action: Shares of Denny&#8217;s had risen by12.92% to $7.48&nbsp;at the time of publication on Friday.
Read More: <a href="https://www.benzinga.com/25/01/42953261/nvidia-broadcom-and-marvell-positioned-for-growth-as-ai-demand-drives-semiconductor-momentum">Easing Inflation Brings Hope To Restaurants In 2025 But Uncertainty Lingers: Analyst Upgrades Shake Shack And Dutch Bros</a><a href="https://www.benzinga.com/hedge-funds/24/11/41995340/nelson-peltzs-trian-fund-management-reshaped-portfolio-ahead-of-presidential-election"></a>
Photo: Shutterstock

Denny's Shares Rocket: Drivers Of Upside For Same Store Sales Growth In 2025, Says Bullish Analyst

Denny's shares are trading higher after Wedbush upgraded the stock from Neutral to Outperform and raised its price target from $6 to $10.

Wedbush analyst Nick Setyan upgrades Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) from Neutral to Outperform and raises the price target from $6 to $10.

Wedbush Upgrades Denny's to Outperform, Raises Price Target to $10

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Shares of companies within the broader consumer discretionary sector are trading higher following softer-than-expected December inflation data.

Fourth Quarter Preliminary Results • Denny's domestic system-wide same-restaurant sales&#x2A; were 1.1%. • Keke's domestic system-wide same-restaurant sales&#x2A; were 3.0%. • Denny's opened four franchised restaurants. • Closed 30 Denny's restaurants as part of the planned acceleration of lower volume restaurant closures. • Reignited Denny's Diner 2.0 remodel program and completed six remodels. • Keke's opened eight new cafes during the fourth quarter and entered four new states including California, Colorado, Nevada, and Texas. • Keke's expanded its first ever remodel test program to two additional cafes. Fiscal Year 2024 Preliminary Results • Denny's domestic system-wide same-restaurant sales&#x2A; were (0.2)%. • Keke's domestic system-wide same-restaurant sales&#x2A; were (1.7)%. • Denny's opened 14 franchised restaurants. • Closed 88 Denny's restaurants as part of the planned acceleration of lower volume restaurant closures. • Reignited Denny's Diner 2.0 remodel program and completed 23 remodels, including 7 company restaurants. • Record 12 Keke's openings in a single year, while growing to six different states. • Completed three Keke's remodels at company cafes. • Ended 2024 with $261.3 million of borrowings under credit facility. • Based on preliminary results, the Company anticipates achieving the low end of its previo

FY 2024 Preliminary Results: Denny's Opens 14 New Restaurants, Projects Adjusted EBITDA At Low End Of $81M-$84M Range

Oppenheimer analyst Michael Tames maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Outperform and raises the price target from $7 to $8.

Oppenheimer Maintains Outperform on Denny's, Raises Price Target to $8

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Shares of several companies in the hotels, restaurants & leisure space are trading lower amid overall market weakness following the Fed's rate decision to cut rates by 25 basis points.

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Shares of companies within the broader consumer discretionary sector are trading higher. Investors may be reacting to the US presidential election and its impact on consumer spending.

Truist Securities analyst Jake Bartlett maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Buy and lowers the price target from $10 to $8.

Truist Securities Maintains Buy on Denny's, Lowers Price Target to $8

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>A<a href="https://www.benzinga.com/analyst-stock-ratings/analyst/587386a65064ed0001b4b62c/bill-selesky">rgus Research analyst Bill Selesky</a> upgraded the rating for Baker Hughes Company (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BKR#NASDAQ">BKR</a>) from Hold to Buy. Baker Hughes shares closed at $36.78 on Thursday. <a href="https://www.benzinga.com/quote/BKR/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Citigroup analyst Jon Tower upgraded the rating for Denny&#8217;s Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) from Neutral to Buy and raised the price target from $7 to $7.5. Denny&#8217;s shares closed at $6.26 on Thursday. <a href="https://www.benzinga.com/quote/DENN/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Jay McCanless upgraded Toll Brothers, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TOL#NYSE">TOL</a>) from Neutral to Outperform and raised the price target from $148 to $175. Toll Brothers shares closed at $150.71 on Thursday. <a href="https://www.benzinga.com/quote/TOL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Wedbush analyst Jay McCanless upgraded the rating for Taylor Morrison Home Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TMHC#NYSE">TMHC</a>) from Neutral to Outperform and boosted the price target from $65 to $85. Taylor Morrison Home shares closed at $68.36 on Thursday. <a href="https://www.benzinga.com/quote/TMHC/analyst-ratings">See how other analysts view this stock</a>.</li>
</ul>
Considering buying TOL stock? Here&#8217;s what analysts think: 
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Press Releases

Denny's Annual No Kid Hungry Campaign raises over $960,000 to Help Provide Kids in Need with over 9.6 Million Meals*

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Denny's Decks the Halls (and Feeds Family & Friends) With the Return of Festive Christmas Take-Home Holiday Turkey Bundle

Hungover No More: Denny's Gifts Bacon-Based Menu Hacks for the Ultimate Holiday Party Cure

Denny's Corporation to Participate in the 27th Annual ICR Conference

DENNY'S RESTAURANTS ARE OFFERING A FREE ORIGINAL GRAND SLAM® AND COFFEE FOR ALL FIRST RESPONDERS IN UNIFORM THAT DINE-IN AT 164 LOCATIONS IN THE GREATER LA, ORANGE COUNTY & INLAND EMPIRE AREAS

Denny's Corporation Releases Preliminary Financial Results for Fourth Quarter and Fiscal Year 2024

Denny's Corporation Announces Timing of Fourth Quarter and Full Year 2024 Results and Conference Call on February 12, 2025

Sports

Denny's Kicks Off Their Biggest Deal – Fans Score $10 Off Any $30 Order For Limited Time

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