5 Cheap Restaurant Stocks to Buy Now

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In this piece, we will take a look at five cheap restaurant stocks to buy now. If you want to take a look at what the restaurant industry is about, then head on over to 11 Cheap Restaurant Stocks to Buy Now.

5. Denny’s Corporation (NASDAQ:DENN)

Number of Hedge Fund Investors in Q1 2023: 17

Trailing P/E Ratio: 12.94

Denny’s Corporation (NASDAQ:DENN) operates restaurant chains and cafes in the U.S. The firm is expected to grow its revenue by 3% between 2022 and 2026 annually. The shares are rated Buy on average and the average share price target is $14.17. Its healthy breakfast options and a weak economy present some catalysts for growth in the short term.

As of this year’s first quarter, 17 of the 943 hedge funds part of Insider Monkey’s database had bought and owned Denny’s Corporation (NASDAQ:DENN) ‘s shares. Out of these, the largest shareholder is Chuck Royce’s Royce & Associates through a $13 million investment.

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