|Bid||0.00 x 800|
|Ask||0.00 x 1100|
|Day's Range||17.65 - 18.25|
|52 Week Range||7.86 - 20.02|
|Beta (5Y Monthly)||1.82|
|PE Ratio (TTM)||N/A|
|Earnings Date||May 12, 2021 - May 17, 2021|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||18.56|
Food-ordering software startup Olo goes public via SPAC listing public. Noah Glass, Olo CEO joins Yahoo Finance Live to share his excitement as the company goes public and outlook for 2021.
The case against owning Denny's Corp (NASDAQ: DENN) was based on the restaurant chain's heavy exposure in California, but now is the right "time to get off the sidelines," according to Stephens. The Denny's Analyst: James Rutherford upgraded Denny's stock rating from Equal-Weight to Overweight with a price target lifted from $19 to $24. The Denny's Thesis: Denny's presence in California accounts for one-quarter of all stores closed for indoor dining until recently, Rutherford wrote in the upgrade note. But in the past few weeks, 24 out of 58 counties now offer indoor dining at 25% capacity. Encouragingly, locations that reopened in California in recent weeks were reporting comps of negative 15% versus those that remain closed showing negative 42% comps. Outside of California, the restaurant reopening play continues to unfold as 10 states now permit 100% capacity with no physical distance requirements. This should be a continued trend. Related Link: Red Robin To Focus On Donatos Pizza, Digital Upgrades In 2021 Meanwhile, Denny's continues to build out its two virtual brands, The Burger Den and The Meltdown. While the long-term growth prospects of its virtual brands are difficult to model, the two have the potential to evolve into "sustainable brands." Some of the other catalysts that support the case for buying Denny's stock include: 1) A less competitive restaurant environment after one out of six of all U.S. restaurants are temporarily or permanently closed. 2) Strong pent-up demand for a return to restaurants 3) Management's outlook of increasing its store count from 1,500 to 2,000. DEN Price Action: Shares of Denny's were trading higher by 2.2% early Friday morning at $18.91. (Photo: Mr. Blu Mau, Flickr) Latest Ratings for DENN DateFirmActionFromTo Mar 2021Stephens & Co.UpgradesEqual-WeightOverweight Feb 2021WedbushMaintainsOutperform Feb 2021Truist SecuritiesDowngradesBuyHold View More Analyst Ratings for DENN View the Latest Analyst Ratings See more from BenzingaClick here for options trades from Benzinga3 DocuSign Stock Analysts On Q4 Results: Should Investors Buy The Dip?Ulta Beauty Vs. Sephora: Which Beauty Giant Will Recover Faster, Post-Pandemic?© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
SPARTANBURG, S.C., March 04, 2021 (GLOBE NEWSWIRE) -- Denny’s Corporation (NASDAQ: DENN), franchisor and operator of one of America's largest franchised full-service restaurant chains, today announced that the Company will participate virtually in the Bank of America Securities 2021 Consumer & Retail Technology Conference and the UBS 2021 Global Consumer and Retail Virtual Conference. The Company will hold investor meetings during these conferences, and members of management will present on Tuesday, March 9, 2021 at 2:30 p.m. Eastern Time and Wednesday, March 10, 2021 at 2:00 p.m. Eastern Time. Investors and interested parties may listen to live audio webcasts of the presentations which will be available online in the Investor Relations section of Denny's website at investor.dennys.com with replays of the event webcasts available following the live events. Investors and interested parties may access a copy of the presentation in the Events and Presentations section of Denny's website at investor.dennys.com. About Denny’s Corporation 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. For further information on Denny's, including news releases, links to SEC filings, and other financial information, please visit the Denny's investor relations website at investor.dennys.com. CONTACT: Investor Contact: Curt Nichols 877-784-7167 Media Contact: Hadas Streit, Allison+Partners 646-428-0629