Denny’s (NASDAQ:DENN) Stock Rating Upgraded by StockNews.com

Denny’s (NASDAQ:DENN) was upgraded by StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

A number of other research firms have also issued reports on DENN. Citigroup dropped their price target on Denny’s from $8.00 to $7.00 and set a “neutral” rating for the company in a research report on Tuesday, October 15th. Wedbush dropped their price target on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday. Benchmark restated a “buy” rating and issued a $15.00 price target on shares of Denny’s in a research report on Wednesday, July 31st. Truist Financial dropped their price target on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Oppenheimer dropped their price target on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Denny’s has an average rating of “Moderate Buy” and an average target price of $9.00.

Denny’s Trading Up 13.8 %

NASDAQ:DENN opened at $6.26 on Wednesday. Denny’s has a 12 month low of $5.37 and a 12 month high of $11.16. The stock has a 50 day moving average of $6.31 and a two-hundred day moving average of $6.95. The firm has a market cap of $321.58 million, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 1.11 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.06% and a net margin of 3.90%. The firm had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $115.46 million. During the same quarter last year, the firm posted $0.17 earnings per share. Denny’s’s quarterly revenue was down 2.1% on a year-over-year basis. On average, research analysts forecast that Denny’s will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Quest Partners LLC acquired a new position in Denny’s in the second quarter valued at approximately $25,000. CWM LLC lifted its stake in Denny’s by 726.2% during the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 3,239 shares in the last quarter. Quarry LP lifted its stake in Denny’s by 161.5% during 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. Canada Pension Plan Investment Board acquired a new position in Denny’s during the second quarter worth $31,000. Finally, Sanctuary Advisors LLC acquired a new position in Denny’s during the second quarter worth $77,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.