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

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

Several equities research analysts have recently weighed in on DENN shares. Benchmark lowered 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. Oppenheimer reduced their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. StockNews.com upgraded shares of Denny’s from a “hold” rating to a “buy” rating in a research note on Tuesday. Wedbush decreased their price target on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial dropped their price target on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of DENN. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Denny’s by 73.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator’s stock valued at $8,908,000 after buying an additional 583,660 shares during the period. Allspring Global Investments Holdings LLC increased its position in Denny’s by 6.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after purchasing an additional 558,964 shares during the period. Millennium Management LLC raised its holdings in Denny’s by 1,487.7% during the 2nd quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator’s stock worth $3,774,000 after purchasing an additional 498,051 shares during the last quarter. Access Investment Management LLC acquired a new position in Denny’s during the 3rd quarter valued at about $1,387,000. Finally, First Eagle Investment Management LLC boosted its stake in shares of Denny’s by 14.1% in the 2nd 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 last quarter. Institutional investors own 85.07% of the company’s stock.

Denny’s Stock Up 1.5 %

Shares of DENN opened at $6.09 on Monday. The company has a 50-day moving average price of $6.36 and a two-hundred day moving average price of $6.49. The stock has a market cap of $312.59 million, a price-to-earnings ratio of 18.45, a P/E/G ratio of 1.33 and a beta of 2.01. Denny’s has a 12 month low of $5.37 and a 12 month high of $11.16.

Denny’s (NASDAQ:DENN) last posted 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). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The company had revenue of $111.76 million for the quarter, compared to the consensus estimate of $115.46 million. During the same quarter last year, the business earned $0.17 EPS. Denny’s’s quarterly revenue was down 2.1% compared to the same quarter last year. Equities research analysts expect that Denny’s will post 0.52 EPS 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.