Denny’s Co. (NASDAQ:DENN) Receives Consensus Rating of “Moderate Buy” from Brokerages

Denny’s Co. (NASDAQ:DENN) has been given a consensus rating of “Moderate Buy” by the six research firms that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $11.92.

A number of equities analysts recently issued reports on DENN shares. Wedbush lowered their price target on Denny’s from $11.00 to $10.50 and set a “neutral” rating on the stock in a report on Wednesday, February 14th. Truist Financial lowered their price target on Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. StockNews.com raised Denny’s from a “hold” rating to a “buy” rating in a report on Wednesday, April 10th. Finally, Oppenheimer lowered their price objective on Denny’s from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th.

Denny’s Stock Down 0.6 %

DENN opened at $8.25 on Wednesday. Denny’s has a 52 week low of $8.11 and a 52 week high of $12.53. The business has a fifty day simple moving average of $9.08 and a 200-day simple moving average of $9.54. The firm has a market cap of $438.08 million, a P/E ratio of 23.57, a P/E/G ratio of 1.46 and a beta of 1.93.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). Denny’s had a net margin of 4.30% and a negative return on equity of 70.78%. The company had revenue of $115.40 million during the quarter, compared to analyst estimates of $115.67 million. During the same quarter in the previous year, the business posted $0.18 earnings per share. The firm’s revenue was down 4.5% on a year-over-year basis. Sell-side analysts expect that Denny’s will post 0.64 earnings per share for the current year.

Insider Buying and Selling

In other Denny’s news, Director John C. Miller sold 35,359 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $9.25, for a total value of $327,070.75. Following the sale, the director now owns 740,626 shares in the company, valued at $6,850,790.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by company insiders.

Institutional Trading of Denny’s

A number of large investors have recently added to or reduced their stakes in DENN. First Eagle Investment Management LLC boosted its stake in shares of Denny’s by 43.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 815,485 shares of the restaurant operator’s stock valued at $6,907,000 after buying an additional 247,470 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Denny’s during the 3rd quarter valued at $495,000. North Star Investment Management Corp. boosted its stake in shares of Denny’s by 95.6% during the 4th quarter. North Star Investment Management Corp. now owns 431,700 shares of the restaurant operator’s stock valued at $4,697,000 after buying an additional 211,000 shares during the period. Earnest Partners LLC boosted its stake in shares of Denny’s by 17.4% during the 3rd quarter. Earnest Partners LLC now owns 1,545,902 shares of the restaurant operator’s stock valued at $13,094,000 after buying an additional 228,709 shares during the period. Finally, Diversified Trust Co boosted its stake in shares of Denny’s by 16.4% during the 4th quarter. Diversified Trust Co now owns 15,546 shares of the restaurant operator’s stock valued at $169,000 after buying an additional 2,186 shares during the period. 85.07% of the stock is currently owned by institutional investors.

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.