Wedbush Cuts Denny’s (NASDAQ:DENN) Price Target to $8.50

Denny’s (NASDAQ:DENN) had its target price trimmed by Wedbush from $10.00 to $8.50 in a research report released on Thursday,Benzinga reports. The firm currently has an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Denny’s’ Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.53 EPS.

Several other research firms have also recently commented on DENN. StockNews.com cut shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. 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 report on Monday, October 28th. Benchmark dropped their price objective on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Oppenheimer raised their price objective on shares of Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Finally, Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $7.00 to $7.50 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, Denny’s presently has an average rating of “Moderate Buy” and a consensus target price of $8.10.

Denny’s Price Performance

DENN stock opened at $4.86 on Thursday. The company has a 50-day moving average of $6.11 and a two-hundred day moving average of $6.28. The stock has a market capitalization of $249.46 million, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.27 and a beta of 2.02. Denny’s has a 52-week low of $4.82 and a 52-week high of $9.56.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. Equities analysts expect that Denny’s will post 0.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Denny’s

A number of institutional investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its stake in shares of Denny’s by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,130 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 1,694 shares in the last quarter. Creative Planning boosted its position in Denny’s by 6.4% during the third quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 2,273 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Denny’s by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 63,166 shares of the restaurant operator’s stock worth $383,000 after purchasing an additional 2,408 shares during the period. Access Investment Management LLC grew its stake in Denny’s by 1.5% during the fourth quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator’s stock valued at $1,320,000 after acquiring an additional 3,135 shares in the last quarter. Finally, State Street Corp grew its stake in Denny’s by 0.3% during the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock valued at $7,585,000 after acquiring an additional 3,142 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

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.