UPDATE: Denny's Corporation (DENN) PT Raised to $19 at Stephens
(Updated - May 2, 2018 8:08 AM EDT)
Stephens raised its price target on Denny's Corporation (NASDAQ: DENN) to $19.00 (from $18.00) while maintaining a Overweight rating. DENN posted domestic SSS growth of +1.5% vs. consensus of +1.9% and adjusted EPS of $0.15 vs. $0.14 on stronger company-owned sales, lower G&A and a slightly lower tax rate.
Stephens adjusted FY18 franchised SSS growth estimate to +1.5% (was +1.1%) and adjusted EPS estimate to $0.66 (was $0.62).