Denny’s Co. (NASDAQ:DENN) Receives $7.70 Consensus Target Price from Brokerages

Shares of Denny’s Co. (NASDAQ:DENN) have been assigned a consensus recommendation of “Moderate Buy” from the five brokerages that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $7.70.

DENN has been the subject of several research reports. Oppenheimer reduced their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Wedbush decreased their target price 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. StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a research report on Tuesday, December 24th. Truist Financial decreased their price objective on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th. Finally, Benchmark dropped their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th.

Institutional Trading of Denny’s

A number of hedge funds have recently bought and sold shares of DENN. Allspring Global Investments Holdings LLC increased its position in shares of Denny’s by 6.9% during 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 purchasing an additional 558,964 shares during the last quarter. Hotchkis & Wiley Capital Management LLC increased 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 buying an additional 583,660 shares during the last quarter. First Eagle Investment Management LLC raised its position in Denny’s by 14.1% in the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after acquiring an additional 155,100 shares during the period. Geode Capital Management LLC raised its position in 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 worth $7,618,000 after acquiring an additional 3,902 shares during the period. Finally, State Street Corp boosted its stake 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 valued at $7,585,000 after acquiring an additional 3,142 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Denny’s Price Performance

DENN stock opened at $6.09 on Monday. The company’s 50-day moving average is $6.36 and its 200-day moving average is $6.48. The stock has a market capitalization of $312.59 million, a PE ratio of 18.45, a price-to-earnings-growth ratio of 1.33 and a beta of 2.01. Denny’s has a 1 year low of $5.37 and a 1 year high of $11.16.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (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 the consensus estimate 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 quarter in the previous year, the company posted $0.17 EPS. On average, analysts anticipate that Denny’s will post 0.52 earnings per share for the current fiscal 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.