Wedbush Securities Sees Q4 Results In Line with Preannouncement for Denny's Corporation

In a report published Thursday, Wedbush Securities analyst Nick Setyan reiterated a Neutral rating and $10.50 price target on

. In the report, Wedbush Securities noted, "We believe current valuation relative to franchised peers properly incorporates a positive comp trajectory helped by remodels and an improving macro environment, offset by limited unit growth and relatively less attractive unit economics. Q4 results in line with preannouncement. EPS of $0.11 was in line with our and the consensus estimate, on pre-announced co-owned and domestic franchised SSS growth of 5.8% and 4.6%, respectively." Denny's Corporation closed on Wednesday at $11.31.