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

Shares of Denny’s Co. (NASDAQ:DENN) have been assigned an average rating of “Buy” from the five analysts that are covering the company, MarketBeat.com reports. Five research analysts have rated the stock with a buy recommendation. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $8.10.

A number of analysts have recently weighed in on the company. Truist Financial lowered their price objective on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Oppenheimer dropped their price target on Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. 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 research report on Friday, October 25th. Finally, Wedbush lowered their price objective on shares of Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research note on Thursday.

Denny’s Stock Performance

DENN stock opened at $4.86 on Tuesday. Denny’s has a one year low of $4.82 and a one year high of $9.56. The firm has a market cap of $249.46 million, a price-to-earnings ratio of 14.73, a PEG ratio of 1.27 and a beta of 2.02. The firm has a 50-day simple moving average of $6.11 and a two-hundred day simple moving average of $6.28.

Denny’s (NASDAQ:DENN) last posted its earnings results on Wednesday, February 12th. 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%. As a group, equities analysts predict that Denny’s will post 0.52 earnings per share for the current fiscal year.

Institutional Trading of Denny’s

Large investors have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC lifted its position in Denny’s by 6.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock valued at $55,693,000 after purchasing an additional 558,964 shares during the period. Boston Partners raised its stake in shares of Denny’s by 2,820.6% during the 4th quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator’s stock valued at $10,081,000 after buying an additional 1,608,854 shares during the last quarter. First Eagle Investment Management LLC lifted its holdings in shares of Denny’s by 19.7% in the 4th quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator’s stock valued at $10,077,000 after buying an additional 274,459 shares during the period. Wellington Management Group LLP boosted its stake in shares of Denny’s by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator’s stock worth $9,432,000 after buying an additional 267,694 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC grew its holdings in 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 worth $8,908,000 after acquiring an additional 583,660 shares during the period. 85.07% of the stock is owned by hedge funds and other 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.