Denny’s Co. (NASDAQ:DENN) Receives $11.42 Average PT from Brokerages

Shares of Denny’s Co. (NASDAQ:DENN) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have covered the stock in the last year is $11.42.

A number of research firms recently weighed in on DENN. Oppenheimer lowered their price objective on shares of Denny’s from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. Wedbush dropped their price target on shares of Denny’s from $10.50 to $9.50 and set a “neutral” rating on the stock in a research note on Friday, April 26th. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Benchmark reiterated a “buy” rating and set a $15.00 target price on shares of Denny’s in a research report on Wednesday, May 1st.

Denny’s Stock Down 4.4 %

NASDAQ DENN opened at $6.47 on Monday. The firm has a market cap of $336.57 million, a P/E ratio of 15.05, a P/E/G ratio of 1.32 and a beta of 2.01. Denny’s has a 52-week low of $6.33 and a 52-week high of $12.40. The business’s 50-day moving average price is $7.34 and its 200 day moving average price is $8.84.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Denny’s had a net margin of 5.27% and a negative return on equity of 63.27%. The company had revenue of $109.97 million during the quarter, compared to analysts’ expectations of $115.17 million. During the same quarter last year, the business posted $0.13 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. As a group, analysts anticipate that Denny’s will post 0.6 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Robert P. Verostek bought 10,000 shares of the firm’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $6.53 per share, for a total transaction of $65,300.00. Following the completion of the transaction, the chief financial officer now owns 24,000 shares in the company, valued at $156,720. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CAO Jay C. Gilmore bought 12,000 shares of Denny’s stock in a transaction that occurred on Friday, June 14th. The shares were purchased at an average price of $6.51 per share, with a total value of $78,120.00. Following the purchase, the chief accounting officer now owns 121,227 shares in the company, valued at $789,187.77. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Robert P. Verostek purchased 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were bought at an average cost of $6.53 per share, with a total value of $65,300.00. Following the transaction, the chief financial officer now directly owns 24,000 shares of the company’s stock, valued at approximately $156,720. The disclosure for this purchase can be found here. Insiders own 4.20% of the company’s stock.

Institutional Trading of Denny’s

Large investors have recently made changes to their positions in the stock. Quadrant Capital Group LLC grew its stake in Denny’s by 126.7% in the 4th quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 2,536 shares during the period. Corton Capital Inc. purchased a new stake in shares of Denny’s in the third quarter valued at $89,000. Quest Partners LLC purchased a new position in Denny’s during the fourth quarter worth about $96,000. Trexquant Investment LP purchased a new position in Denny’s during the fourth quarter worth about $136,000. Finally, Sherbrooke Park Advisers LLC acquired a new stake in Denny’s in the 3rd quarter worth about $150,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

About Denny’s

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.