Denny’s Co. (NASDAQ:DENN) Receives Average Rating of “Buy” from Analysts

Denny’s Co. (NASDAQ:DENN) has received an average rating of “Buy” from the twelve brokerages that are currently covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $18.22.

DENN has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Denny’s in a report on Thursday, October 7th. They set a “hold” rating and a $17.00 price objective on the stock. Benchmark assumed coverage on shares of Denny’s in a research note on Thursday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. Truist raised shares of Denny’s from a “hold” rating to a “buy” rating and upped their price target for the stock from $17.00 to $18.00 in a research report on Thursday, October 21st. Wedbush dropped their price target on shares of Denny’s from $21.00 to $20.00 and set an “outperform” rating for the company in a research report on Thursday, October 28th. Finally, Wells Fargo & Company dropped their price objective on shares of Denny’s from $19.00 to $18.00 and set an “overweight” rating for the company in a research report on Wednesday, November 3rd.

Shares of Denny’s stock opened at $15.85 on Friday. Denny’s has a 52-week low of $13.33 and a 52-week high of $20.02. The company’s 50-day simple moving average is $15.24 and its 200-day simple moving average is $15.57. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 27.81, a price-to-earnings-growth ratio of 2.37 and a beta of 1.71.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Tuesday, November 2nd. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.16. The business had revenue of $103.79 million for the quarter, compared to analyst estimates of $110.77 million. Denny’s had a net margin of 9.98% and a negative return on equity of 18.57%. During the same period in the previous year, the business posted $0.01 earnings per share. Equities analysts forecast that Denny’s will post 0.52 EPS for the current fiscal year.

In other news, Director Donald C. Robinson sold 15,938 shares of Denny’s stock in a transaction that occurred on Monday, November 8th. The shares were sold at an average price of $16.01, for a total value of $255,167.38. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 5.30% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in DENN. Trexquant Investment LP boosted its holdings in shares of Denny’s by 38.3% during the second quarter. Trexquant Investment LP now owns 31,254 shares of the restaurant operator’s stock worth $515,000 after purchasing an additional 8,660 shares during the period. Advisor Group Holdings Inc. lifted its stake in Denny’s by 43.6% in the second quarter. Advisor Group Holdings Inc. now owns 17,947 shares of the restaurant operator’s stock valued at $296,000 after acquiring an additional 5,451 shares during the last quarter. Gamco Investors INC. ET AL lifted its stake in Denny’s by 34.6% in the second quarter. Gamco Investors INC. ET AL now owns 466,480 shares of the restaurant operator’s stock valued at $7,692,000 after acquiring an additional 120,000 shares during the last quarter. First Trust Advisors LP lifted its stake in Denny’s by 16.9% in the second quarter. First Trust Advisors LP now owns 26,114 shares of the restaurant operator’s stock valued at $431,000 after acquiring an additional 3,766 shares during the last quarter. Finally, HighTower Advisors LLC lifted its stake in Denny’s by 3.4% in the second quarter. HighTower Advisors LLC now owns 24,561 shares of the restaurant operator’s stock valued at $405,000 after acquiring an additional 800 shares during the last quarter. Institutional investors own 88.68% of the company’s stock.

About Denny’s

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It offers offers a wide selection of lunch and dinner items including burgers, sandwiches, salads and skillet entrĂ©es, along with an assortment of beverages, appetizers, and desserts. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.

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Analyst Recommendations for Denny's (NASDAQ:DENN)