Denny's Corporation Price & Performance (DENN)

Denny’s stock remains under pressure after multiple analysts, including Citi and Piper Sandler, lowered price targets to $6.25 and $6 respectively. The company is grappling with weak sales, egg price inflation, and ongoing restaurant closures, fueling “rightfully low” expectations ahead of its Q1 earnings release scheduled for May 5.12

Denny’s shares have risen nearly 15.5% over two weeks, closing at $3.58 after six consecutive days of gains. Despite this rally, technical signals suggest a likely pullback, with forecasts indicating a significant drop in the next quarter unless the stock breaks key resistance levels. Investors are advised to watch for volatility.3

Denny’s is closing up to 178 underperforming locations in 2025, citing expiring leases and aging properties. While nearly 200 stores will shutter, the company plans to open up to 40 new units, split between Denny’s and Keke’s. The brand continues to struggle with declining sales and customer traffic.45