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

Denny’s Co. (NASDAQ:DENN) has received an average rating of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $7.70.

Several research firms have commented on DENN. Wedbush dropped their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial cut their target price on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Oppenheimer lowered their price objective on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Benchmark decreased their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Finally, Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $7.50 in a research report on Friday, October 25th.

Denny’s Stock Up 1.6 %

Denny’s stock opened at $6.51 on Friday. The stock has a market cap of $334.16 million, a PE ratio of 19.73, a P/E/G ratio of 1.36 and a beta of 2.02. Denny’s has a 12-month low of $5.37 and a 12-month high of $11.16. The business’s 50-day moving average price is $6.35 and its two-hundred day moving average price is $6.87.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. Denny’s’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.17 earnings per share. As a group, analysts expect that Denny’s will post 0.52 earnings per share for the current year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BNP Paribas Financial Markets lifted its position in shares of Denny’s by 20.7% during the first quarter. BNP Paribas Financial Markets now owns 42,593 shares of the restaurant operator’s stock valued at $382,000 after purchasing an additional 7,309 shares in the last quarter. Russell Investments Group Ltd. increased its position in shares of Denny’s by 19.9% during the 1st quarter. Russell Investments Group Ltd. now owns 267,357 shares of the restaurant operator’s stock valued at $2,396,000 after purchasing an additional 44,414 shares during the last quarter. State Board of Administration of Florida Retirement System boosted its holdings in shares of Denny’s by 87.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 29,189 shares of the restaurant operator’s stock worth $262,000 after buying an additional 13,600 shares during the last quarter. First Eagle Investment Management LLC increased its holdings in Denny’s by 15.3% during the first quarter. First Eagle Investment Management LLC now owns 1,103,727 shares of the restaurant operator’s stock worth $9,889,000 after buying an additional 146,658 shares during the last quarter. Finally, Vanguard Group Inc. grew its position in shares of Denny’s by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock valued at $29,885,000 after acquiring an additional 89,465 shares during the period. 85.07% of the stock is 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.