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

Denny’s Co. (NASDAQ:DENN) has received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $7.90.

A number of equities research analysts have weighed in on DENN shares. Wedbush reduced their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Benchmark reduced their price objective on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Monday. Truist Financial reduced their price target on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Finally, Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $7.00 to $7.50 in a research report on Friday, October 25th.

Denny’s Stock Down 2.0 %

DENN opened at $5.78 on Friday. The stock has a market capitalization of $296.69 million, a price-to-earnings ratio of 17.52, a P/E/G ratio of 1.07 and a beta of 2.01. Denny’s has a twelve month low of $5.37 and a twelve month high of $11.16. The company has a 50-day simple moving average of $6.23 and a 200 day simple moving average of $6.41.

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). The firm had revenue of $111.76 million for the quarter, compared to the consensus estimate of $115.46 million. Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The business’s revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Sell-side analysts anticipate that Denny’s will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in DENN. Quest Partners LLC acquired a new position in Denny’s in the 2nd quarter valued at approximately $25,000. Quarry LP increased its holdings in Denny’s by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 2,617 shares during the period. Canada Pension Plan Investment Board bought a new position in Denny’s during the 2nd quarter worth $31,000. Sanctuary Advisors LLC acquired a new position in Denny’s during the 2nd quarter worth about $77,000. Finally, FMR LLC grew its position in shares of Denny’s by 95.2% in the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after buying an additional 5,970 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

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.