Denny’s Co. (NASDAQ:DENN) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Denny’s Co. (NASDAQ:DENN) have been assigned a consensus rating of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $7.70.

Several brokerages have weighed in on DENN. Oppenheimer dropped their price objective on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Wedbush dropped their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Benchmark cut their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 25th.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC increased its stake in shares of Denny’s by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock valued at $55,693,000 after purchasing an additional 558,964 shares during the last quarter. Vanguard Group Inc. boosted its stake in Denny’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock valued at $29,885,000 after buying an additional 89,465 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Denny’s by 73.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator’s stock valued at $8,908,000 after acquiring an additional 583,660 shares during the last quarter. First Eagle Investment Management LLC raised its stake in Denny’s by 14.1% during the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after acquiring an additional 155,100 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Denny’s by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after acquiring an additional 3,902 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Denny’s Stock Up 0.5 %

Shares of DENN stock opened at $6.36 on Thursday. Denny’s has a 12-month low of $5.37 and a 12-month high of $11.16. The company has a market capitalization of $326.45 million, a PE ratio of 19.27, a price-to-earnings-growth ratio of 1.42 and a beta of 2.02. The firm has a 50 day moving average price of $6.49 and a two-hundred day moving average price of $6.67.

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

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.