Denny’s Co. (NASDAQ:DENN) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Denny’s Co. (NASDAQ:DENN) have received a consensus rating of “Moderate Buy” from the five analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $7.70.

DENN has been the subject of several research reports. Truist Financial lowered their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. StockNews.com cut shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush decreased their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Finally, Oppenheimer cut their price objective on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd.

Denny’s Price Performance

Shares of Denny’s stock opened at $6.27 on Thursday. The company has a market capitalization of $321.83 million, a P/E ratio of 19.00, a P/E/G ratio of 1.39 and a beta of 2.01. Denny’s has a 1 year low of $5.37 and a 1 year high of $11.16. The business has a 50 day moving average price of $6.48 and a 200 day moving average price of $6.61.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Quest Partners LLC bought a new position in Denny’s in the 2nd quarter worth about $25,000. CWM LLC boosted its holdings in shares of Denny’s by 726.2% in the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 3,239 shares in the last quarter. Quarry LP boosted its holdings in shares of Denny’s by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 2,617 shares in the last quarter. Canada Pension Plan Investment Board bought a new position in shares of Denny’s in the second quarter valued at approximately $31,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Denny’s in the second quarter valued at approximately $77,000. Institutional investors own 85.07% of the company’s stock.

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.