Denny’s (NASDAQ:DENN) PT Lowered to $7.00

Denny’s (NASDAQ:DENN) had its target price decreased by Citigroup from $8.00 to $7.00 in a research note issued to investors on Tuesday morning, Benzinga reports. Citigroup currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts have also recently issued research reports about the stock. Benchmark restated a “buy” rating and issued a $15.00 price objective on shares of Denny’s in a research note on Wednesday, July 31st. Wedbush dropped their price target on shares of Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Oppenheimer decreased their price objective on Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Finally, Truist Financial dropped their target price on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $10.00.

Denny’s Trading Down 0.6 %

Shares of Denny’s stock opened at $6.65 on Tuesday. Denny’s has a 1 year low of $5.59 and a 1 year high of $11.16. The company’s fifty day simple moving average is $6.30 and its 200-day simple moving average is $7.02. The company has a market cap of $345.93 million, a price-to-earnings ratio of 15.47, a PEG ratio of 1.29 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.98 million. Denny’s had a negative return on equity of 57.37% and a net margin of 4.19%. Denny’s’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.14 EPS. As a group, research analysts forecast that Denny’s will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of DENN. Quest Partners LLC bought a new stake in shares of Denny’s during the second quarter worth approximately $25,000. CWM LLC grew its holdings in Denny’s by 726.2% during the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after acquiring an additional 3,239 shares during the period. Quarry LP raised its position in shares of Denny’s by 161.5% during the 2nd quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Denny’s in the 2nd quarter valued at $31,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Denny’s in the 2nd quarter worth $77,000. Institutional investors own 85.07% of the company’s stock.

Denny’s Company Profile

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.