Denny’s (NASDAQ:DENN) Lowered to “Hold” Rating by StockNews.com

StockNews.com lowered shares of Denny’s (NASDAQ:DENN) from a buy rating to a hold rating in a research report released on Monday morning.

DENN has been the subject of a number of other research reports. Benchmark dropped their price objective on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Oppenheimer boosted their target price on shares of Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Wedbush reduced their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $7.00 to $7.50 in a research report on Friday, October 25th. Finally, Truist Financial reduced their target price on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.90.

Denny’s Stock Up 0.2 %

Shares of DENN opened at $5.62 on Monday. Denny’s has a 52-week low of $5.37 and a 52-week high of $11.16. The company has a market cap of $288.47 million, a PE ratio of 17.03, a P/E/G ratio of 1.33 and a beta of 2.01. The business has a fifty day moving average of $6.29 and a 200 day moving average of $6.42.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data 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 48.64% and a net margin of 3.90%. The firm had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $115.46 million. During the same period last year, the company earned $0.17 earnings per share. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts anticipate that Denny’s will post 0.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Denny’s

Institutional investors have recently bought and sold shares of the business. Quest Partners LLC purchased a new stake in Denny’s during the second quarter worth $25,000. Quarry LP lifted its stake in shares of Denny’s by 161.5% during the 2nd quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in shares of Denny’s during the 2nd quarter worth $31,000. Sanctuary Advisors LLC bought a new stake in Denny’s during the second quarter valued at about $77,000. Finally, FMR LLC grew its stake in Denny’s by 95.2% in the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 5,970 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny’s Company Profile

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.