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

Shares of Denny’s Co. (NASDAQ:DENN) have been given an average rating of “Moderate Buy” by the five research firms that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $7.90.

A number of brokerages have weighed in on DENN. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and increased their price target for the company from $7.00 to $7.50 in a report on Friday, October 25th. Benchmark lowered their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Truist Financial cut their price target on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Wedbush lowered their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Oppenheimer upped their price objective on Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th.

Denny’s Price Performance

Shares of Denny’s stock opened at $6.25 on Friday. Denny’s has a fifty-two week low of $5.37 and a fifty-two week high of $11.16. The firm has a fifty day moving average price of $6.16 and a two-hundred day moving average price of $6.39. The company has a market cap of $320.81 million, a PE ratio of 18.94, a price-to-earnings-growth ratio of 1.14 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. The company had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. During the same period last year, the company earned $0.17 earnings per share. Denny’s’s revenue for the quarter was down 2.1% on a year-over-year basis. Analysts expect that Denny’s will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of DENN. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of 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 worth $8,908,000 after acquiring an additional 583,660 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its holdings in shares of Denny’s by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after acquiring an additional 558,964 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of Denny’s by 1,487.7% in the 2nd quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator’s stock worth $3,774,000 after acquiring an additional 498,051 shares in the last quarter. Access Investment Management LLC acquired a new position in shares of Denny’s in the 3rd quarter worth approximately $1,387,000. Finally, First Eagle Investment Management LLC boosted its holdings in shares of Denny’s by 14.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after acquiring an additional 155,100 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

About Denny’s

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.