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

Denny’s Co. (NASDAQ:DENN) has been assigned an average recommendation of “Buy” from the five research firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a buy recommendation. The average 12-month target price among analysts that have issued a report on the stock in the last year is $8.70.

Several analysts have commented on the stock. Benchmark dropped their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $7.00 to $7.50 in a report on Friday, October 25th. Truist Financial lowered their target price on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th. Oppenheimer lifted their price target on Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Wedbush raised Denny’s from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $6.00 to $10.00 in a research report on Friday.

Denny’s Price Performance

NASDAQ DENN opened at $6.96 on Tuesday. Denny’s has a one year low of $5.37 and a one year high of $10.53. The firm has a market cap of $357.25 million, a P/E ratio of 21.09, a P/E/G ratio of 1.27 and a beta of 2.02. The stock’s 50-day moving average is $6.17 and its 200-day moving average is $6.33.

Institutional Investors Weigh In On Denny’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in DENN. Sanctuary Advisors LLC bought a new position in shares of Denny’s in the 2nd quarter valued at about $77,000. FMR LLC boosted its position in Denny’s by 95.2% during the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 5,970 shares during the last quarter. Intech Investment Management LLC bought a new position in Denny’s in the third quarter valued at approximately $83,000. Entropy Technologies LP acquired a new position in shares of Denny’s during the 3rd quarter worth approximately $86,000. Finally, SG Americas Securities LLC bought a new stake in shares of Denny’s during the 3rd quarter worth approximately $120,000. 85.07% of the stock is owned by institutional investors.

Denny’s Company Profile

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.