Denny’s (NASDAQ:DENN) Downgraded to Hold Rating by StockNews.com

Denny’s (NASDAQ:DENN) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a report released on Thursday.

A number of other research firms also recently weighed in on DENN. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. Truist Financial decreased their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday. Oppenheimer decreased their price objective on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Benchmark decreased their price objective on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Wedbush decreased their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, Denny’s has an average rating of “Moderate Buy” and a consensus price target of $7.70.

Denny’s Trading Up 0.2 %

NASDAQ DENN opened at $6.62 on Thursday. Denny’s has a 1-year low of $5.37 and a 1-year high of $11.16. The company has a market capitalization of $340.10 million, a PE ratio of 15.40, a price-to-earnings-growth ratio of 1.38 and a beta of 2.02. The firm’s fifty day simple moving average is $6.34 and its 200-day simple moving average is $6.88.

Denny’s (NASDAQ:DENN) last posted 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 negative return on equity of 48.06% and a net margin of 3.90%. The company had revenue of $111.76 million during the quarter, compared to analyst estimates of $115.46 million. During the same period last year, the company posted $0.17 earnings per share. The company’s revenue was down 2.1% compared to the same quarter last year. As a group, analysts predict that Denny’s will post 0.53 EPS for the current year.

Institutional Investors Weigh In On Denny’s

A number of hedge funds have recently bought and sold shares of DENN. Allspring Global Investments Holdings LLC boosted its holdings in Denny’s by 6.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock valued at $55,693,000 after acquiring an additional 558,964 shares during the period. Millennium Management LLC raised its position in shares of Denny’s by 1,487.7% during the second quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator’s stock valued at $3,774,000 after buying an additional 498,051 shares during the last quarter. First Eagle Investment Management LLC raised its position in shares of Denny’s by 14.1% during the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock valued at $8,938,000 after buying an additional 155,100 shares during the last quarter. Skylands Capital LLC raised its position in shares of Denny’s by 143.7% during the second quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator’s stock valued at $1,839,000 after buying an additional 152,700 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in shares of Denny’s by 2.8% during the first quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock valued at $29,885,000 after buying an additional 89,465 shares during the last quarter. 85.07% of the stock is currently owned by 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.