Denny's Corporation (DENN) Social Stream
Featured Post From StockTwits About DENN
SweepCast observed: $DENN with Unusual Options Activity Alerted on $22.5 CALL Expiring: 01-21-2022 worth 50K🐂 |🎯 See Profile For Link & Learn About Unusual Options Activity 🎯 |SweepCast, published April 8, 2021
What Else are DENN Traders Talking About?
Other Notable StockTweets About DENN
$WEN $DENN $DRI $EAT When I look at the "restaurant reopening" leaders at huge premiums now with valuations pricing in major growth from pre-COVID, I get the idea for the trade, but at some point I also expect some sense. Darden $DRI up 25% and Brinker $EAT up 60% over their respective Jan2020 highs. I think there were 15 analyst price target hikes on Darden this morning.
$WEN and $DENN are now among cheapest and least up from Jan2020 pre-COVID highs and with reasonable valuations and end of 2020 balance sheets look very similar to end of 2019 balance sheets. That will matter once day, and even if it doesn't it should.
$DENN The Stephens upgrade to Overweight and the $24 target does not seem unreasonable or out of reach from my views. This stock is having a hard time getting over $20 admittedly, but Denny's is one of the few reopening stocks that have yet to blow through the prepandemic highs. Their 8M share offering last summer for $70M or so in sustaining capital was very livable considering they have shrunk long-term debt rather than increased it like so many reopening stocks have. Sticking by one of the poster children of corporate food that is affordable and always seems to be busy.OggInvest, published March 18, 2021
$DENN Denny's is one of my last of the "dirt cheap reopening stocks" that still has not hit and then blown thru my own expected price target. And it's not even enough money to make a huge difference in the portfolio now even if it lives up to expectations. 52-week high of $18.75 is irrelevant to me because that now just goes back to the plunge panic selling of late-Feb and March 2020 under Covid. I still see $20 here pretty easy and $25 before my value warnings would start sounding off. All of the others in the same COVID boat have already gone thru and then way thru those numbers I can justify.OggInvest, published March 11, 2021