BGB Securities Comments On Denny's (DENN)

BGB Securities provided color on Denny's (NASDAQ: DENN) in a research report published today. BGB Securities has previously given Denny's a Buy rating and $5 price target.

In the report, BGB Securities states, "DENN reported 1Q11 results after the market closed on Tuesday, May 3, 2011. Same-store sales declined 1.7% system-wide, with a 1.3% decline at company units and a 1.7% decrease at franchised units. Customer traffic decreased 1.1% YoY, but it should be noted that the Easter holiday shift and lack of Super Bowl promotion combined to negatively impact traffic by in excess of two percentage points."

Shares of Denny's were trading at $3.97 at the time of posting, down 1.73% from Tuesday's market close.