Analysts Set Denny’s Co. (NASDAQ:DENN) PT at $10.40

Denny’s Co. (NASDAQ:DENN) has been assigned a consensus rating of “Moderate Buy” from the five analysts that are presently covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $10.40.

DENN has been the subject of a number of research analyst reports. Truist Financial cut their price target on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Benchmark reaffirmed a “buy” rating and set a $15.00 price objective on shares of Denny’s in a research note on Wednesday, July 31st. Wedbush reduced their price objective on shares of Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Oppenheimer reduced their price objective on shares of Denny’s from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st.

Denny’s Trading Up 2.4 %

Shares of NASDAQ DENN opened at $6.52 on Friday. Denny’s has a twelve month low of $5.59 and a twelve month high of $11.16. The company has a market capitalization of $334.93 million, a price-to-earnings ratio of 15.16, a PEG ratio of 1.19 and a beta of 2.02. The firm has a 50-day moving average of $6.52 and a two-hundred day moving average of $7.42.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Tuesday, July 30th. The restaurant operator reported $0.13 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). Denny’s had a net margin of 4.19% and a negative return on equity of 57.37%. The business had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.98 million. During the same period in the previous year, the company posted $0.14 earnings per share. Denny’s’s revenue was down .9% compared to the same quarter last year. As a group, research analysts predict that Denny’s will post 0.55 earnings per share for the current year.

Institutional Trading of Denny’s

A number of hedge funds have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company lifted its position in shares of Denny’s by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,130 shares of the restaurant operator’s stock worth $150,000 after purchasing an additional 1,694 shares in the last quarter. Quadrant Capital Group LLC lifted its position in shares of Denny’s by 126.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 2,536 shares in the last quarter. Quarry LP lifted its position in shares of Denny’s by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,617 shares in the last quarter. Rice Hall James & Associates LLC lifted its position in shares of Denny’s by 3.8% in the second quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock worth $540,000 after purchasing an additional 2,775 shares in the last quarter. Finally, CWM LLC increased its holdings in Denny’s by 726.2% in the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after buying an additional 3,239 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

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.