Denny’s Co. (NASDAQ:DENN) Receives $7.90 Consensus PT from Analysts

Shares of Denny’s Co. (NASDAQ:DENN) have received a consensus rating of “Moderate Buy” from the five analysts that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $7.90.

Several research analysts have issued reports on DENN shares. Wedbush reduced their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Benchmark lowered their price objective 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. Truist Financial cut 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. Finally, Oppenheimer raised 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.

Denny’s Stock Up 2.6 %

Denny’s stock opened at $5.93 on Friday. Denny’s has a 12-month low of $5.37 and a 12-month high of $11.16. The stock has a 50-day simple moving average of $6.19 and a 200 day simple moving average of $6.40. The stock has a market capitalization of $304.39 million, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.07 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last announced its 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). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The company had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. During the same period in the prior year, the firm posted $0.17 earnings per share. The company’s revenue was down 2.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Denny’s will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Denny’s

Several hedge funds have recently added to or reduced their stakes in the stock. Allspring Global Investments Holdings LLC grew its position in shares of Denny’s by 6.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after buying an additional 558,964 shares during the period. First Eagle Investment Management LLC boosted its stake in Denny’s by 14.1% during the 2nd 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 during the last quarter. Geode Capital Management LLC grew its holdings in Denny’s by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock valued at $7,618,000 after purchasing an additional 3,902 shares during the period. Barclays PLC increased its position in shares of Denny’s by 342.5% in the 3rd quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock valued at $531,000 after buying an additional 63,668 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in shares of Denny’s in the third quarter worth about $1,387,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.