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

Denny’s Co. (NASDAQ:DENN) has earned an average recommendation of “Moderate Buy” from the five analysts that are presently covering the company, MarketBeat.com reports. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.70.

DENN has been the topic of a number of research analyst reports. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Wedbush decreased their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.00 to $7.50 in a research report on Friday, October 25th. Truist Financial decreased their price target 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. Finally, Oppenheimer lowered their price objective on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd.

Denny’s Trading Up 0.9 %

Shares of NASDAQ:DENN opened at $5.87 on Monday. Denny’s has a 12 month low of $5.37 and a 12 month high of $11.16. The stock has a market cap of $301.30 million, a P/E ratio of 17.79, a P/E/G ratio of 1.33 and a beta of 2.01. The company has a 50 day moving average of $6.43 and a 200 day moving average of $6.52.

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

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in DENN. The Manufacturers Life Insurance Company increased its holdings in shares of Denny’s by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,130 shares of the restaurant operator’s stock worth $150,000 after buying an additional 1,694 shares during the period. Creative Planning grew its position in Denny’s by 6.4% during the 3rd quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 2,273 shares during the last quarter. Quarry LP increased its stake in Denny’s by 161.5% in the 2nd quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,617 shares during the period. Rice Hall James & Associates LLC lifted its position in Denny’s by 3.8% in the second quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock valued at $540,000 after purchasing an additional 2,775 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of Denny’s by 0.3% during the third 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 period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.