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

Denny’s Co. (NASDAQ:DENN) has been given a consensus rating of “Moderate Buy” by the five research firms that are currently covering the firm, Marketbeat Ratings 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 twelve-month price objective among brokers that have covered the stock in the last year is $7.70.

A number of equities analysts have recently weighed in on the stock. Wedbush reduced their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Benchmark reduced 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. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Truist Financial dropped their price target on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Finally, Oppenheimer decreased their price objective on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Barclays PLC grew its holdings in Denny’s by 342.5% during the third quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock worth $531,000 after purchasing an additional 63,668 shares during the period. Geode Capital Management LLC lifted its position 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 buying an additional 3,902 shares during the last quarter. XTX Topco Ltd boosted its stake in shares of Denny’s by 588.2% during the 3rd quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator’s stock worth $564,000 after acquiring an additional 74,760 shares during the period. State Street Corp increased its holdings in shares of Denny’s by 0.3% during the 3rd quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock worth $7,585,000 after acquiring an additional 3,142 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC raised its stake in 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 acquiring an additional 583,660 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Denny’s Trading Up 0.5 %

NASDAQ DENN opened at $6.36 on Thursday. Denny’s has a 12 month low of $5.37 and a 12 month high of $11.16. The stock has a 50-day simple moving average of $6.49 and a 200 day simple moving average of $6.67. The company has a market capitalization of $326.45 million, a PE ratio of 19.27, a P/E/G ratio of 1.42 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. The business’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.17 earnings per share. As a group, sell-side analysts predict 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.