Denny’s Co. (NASDAQ:DENN) Given Consensus Rating of “Moderate Buy” by Brokerages

Denny’s Co. (NASDAQ:DENN) has been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $7.90.

Several equities research analysts recently commented on DENN shares. Benchmark lowered their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wedbush lowered their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer boosted their target price on shares of Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. StockNews.com cut shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday. Finally, Truist Financial dropped their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, October 28th.

Denny’s Stock Down 2.0 %

DENN opened at $5.78 on Friday. Denny’s has a twelve month low of $5.37 and a twelve month high of $11.16. The company has a fifty day moving average of $6.23 and a 200-day moving average of $6.41. The stock has a market cap of $296.69 million, a PE ratio of 17.52, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The business had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same quarter in the previous year, the business posted $0.17 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. Sell-side analysts anticipate that Denny’s will post 0.52 EPS for the current fiscal year.

Institutional Trading of Denny’s

Hedge funds have recently bought and sold shares of the business. JPMorgan Chase & Co. raised its holdings in Denny’s by 244.0% during the third quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator’s stock worth $489,000 after buying an additional 53,763 shares during the last quarter. Barclays PLC increased its position in shares of Denny’s by 342.5% during the third quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock worth $531,000 after acquiring an additional 63,668 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Denny’s by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after acquiring an additional 3,902 shares during the last quarter. XTX Topco Ltd lifted its position in Denny’s by 588.2% in the 3rd quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator’s stock valued at $564,000 after acquiring an additional 74,760 shares in the last quarter. Finally, State Street Corp boosted its stake in Denny’s by 0.3% during the 3rd quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock valued at $7,585,000 after purchasing an additional 3,142 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

About Denny’s

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.