NEW YORK (TheStreet) -- Shares of Denny's Corp. (DENN) were getting a boost, up 4.73% to $11.07 in late morning trading Friday, after the restaurant company was added to the "Best Ideas" list at Wedbush earlier this morning.
The firm upgraded the family restaurant chain to "outperform" from "neutral" with a higher price target of $14 from its prior $11.
Wedbush analysts cited Denny's short-term and long-term drivers to same-store sales, along with the potential for an increase to Wall Street's earnings forecasts.
Spartanburg, S.C.-based Denny's is a franchisor and operator of franchised full-service restaurant chains.
As of Dec. 4, 2014, the company owned roughly 1,689 franchised, licensed and company restaurants gloablly, including 1,586 restaurants in the U.S.
Separately, TheStreet Ratings team rates DENNYS CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:
"We rate DENNYS CORP (DENN) a HOLD. The primary factors that have impacted our rating are mixed, some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its revenue growth, notable return on equity and solid stock price performance. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk, weak operating cash flow and poor profit margins."
Highlights from the analysis by TheStreet Ratings Team goes as follows: