Benchmark Trims Denny’s (NASDAQ:DENN) Target Price to $10.00

Denny’s (NASDAQ:DENN) had its target price reduced by Benchmark from $15.00 to $10.00 in a research report report published on Friday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

DENN has been the subject of a number of other research reports. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $7.50 in a report on Friday. StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday, October 23rd. 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 report on Wednesday, October 23rd. Oppenheimer reduced their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Truist Financial reduced their price target on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Denny’s currently has a consensus rating of “Moderate Buy” and a consensus target price of $8.10.

Denny’s Stock Performance

DENN opened at $6.56 on Friday. The company has a fifty day moving average price of $6.31 and a two-hundred day moving average price of $6.91. Denny’s has a 52 week low of $5.37 and a 52 week high of $11.16. The firm has a market capitalization of $341.24 million, a PE ratio of 15.26, a P/E/G ratio of 1.11 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last released its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS 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 business had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same period in the prior year, the firm posted $0.17 EPS. Denny’s’s revenue was down 2.1% on a year-over-year basis. Equities analysts forecast that Denny’s will post 0.55 EPS for the current year.

Institutional Investors Weigh In On Denny’s

Several institutional investors have recently added to or reduced their stakes in DENN. BNP Paribas Financial Markets lifted its position in Denny’s by 20.7% in the 1st quarter. BNP Paribas Financial Markets now owns 42,593 shares of the restaurant operator’s stock valued at $382,000 after acquiring an additional 7,309 shares in the last quarter. Russell Investments Group Ltd. lifted its position in Denny’s by 19.9% during the 1st quarter. Russell Investments Group Ltd. now owns 267,357 shares of the restaurant operator’s stock worth $2,396,000 after buying an additional 44,414 shares in the last quarter. State Board of Administration of Florida Retirement System lifted its position in Denny’s by 87.2% during 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 in the last quarter. First Eagle Investment Management LLC lifted its position in Denny’s by 15.3% during the 1st 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 in the last quarter. Finally, Vanguard Group Inc. lifted its position in Denny’s by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock worth $29,885,000 after buying an additional 89,465 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

About Denny’s

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.