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

Shares of Denny’s Co. (NASDAQ:DENN) have received a consensus recommendation of “Moderate Buy” from the five research firms that are covering the firm, Marketbeat Ratings reports. One 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 target among analysts that have covered the stock in the last year is $7.70.

DENN has been the subject of several recent analyst reports. Truist Financial decreased their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th. Benchmark decreased their price target on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wedbush dropped their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Oppenheimer decreased their target price on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, StockNews.com raised Denny’s from a “hold” rating to a “buy” rating in a report on Tuesday.

Institutional Investors Weigh In On Denny’s

Several hedge funds have recently made changes to their positions in DENN. Allspring Global Investments Holdings LLC raised its holdings in Denny’s by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock valued at $55,693,000 after acquiring an additional 558,964 shares in the last quarter. Hotchkis & Wiley Capital Management LLC increased its position in shares of Denny’s by 73.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator’s stock valued at $8,908,000 after purchasing an additional 583,660 shares during the period. First Eagle Investment Management LLC increased its position in shares of Denny’s by 14.1% during the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock valued at $8,938,000 after purchasing an additional 155,100 shares during the period. Geode Capital Management LLC raised its stake in shares of Denny’s by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock valued at $7,618,000 after purchasing an additional 3,902 shares in the last quarter. Finally, State Street Corp lifted its position in Denny’s by 0.3% in the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock worth $7,585,000 after purchasing an additional 3,142 shares during the period. Institutional investors own 85.07% of the company’s stock.

Denny’s Price Performance

Denny’s stock opened at $6.09 on Monday. Denny’s has a one year low of $5.37 and a one year high of $11.16. The company’s fifty day moving average price is $6.36 and its two-hundred day moving average price is $6.49. The company has a market capitalization of $312.59 million, a price-to-earnings ratio of 18.45, a PEG ratio of 1.33 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data 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 net margin of 3.90% and a negative return on equity of 48.64%. The company had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. During the same period in the previous year, the business posted $0.17 earnings per share. The firm’s revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Denny’s will post 0.52 earnings per share for the current year.

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.