Oppenheimer analyst Michael Tamas has maintained their neutral stance on DENN stock, giving a Hold rating yesterday.
Claim 50% Off TipRanks Premium and Invest with Confidence
- Unlock hedge-fund level data and powerful investing tools designed to help you make smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis so your portfolio is always positioned for maximum potential
Michael Tamas has given his Hold rating due to a combination of factors surrounding the acquisition of Denny’s by a group of investors, including Yadav Enterprises. The agreed takeout price of $6.25 per share represents a significant premium over the current market price, which suggests that the stock is unlikely to experience substantial movement based on its fundamental performance until the deal is finalized.
The acquisition is expected to close in the first quarter of 2026, and no competitive bidding process is anticipated, which further supports the Hold rating. Additionally, recent financial results showed mixed performance, with EBITDA falling short of expectations, although restaurant margins exceeded forecasts. Given these circumstances, the rating shift to Hold reflects the expectation that the stock will primarily be influenced by the ongoing acquisition process rather than its operational fundamentals.
In another report released yesterday, Truist Financial also downgraded the stock to a Hold with a $6.00 price target.