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 ratings firms that are currently covering the company, Marketbeat.com reports. One 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 analysts that have issued a report on the stock in the last year is $7.90.

Several equities research analysts have recently weighed in on DENN shares. Truist Financial decreased their target price on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Benchmark dropped their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wedbush decreased their price target on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Oppenheimer boosted their price objective 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. Finally, StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

Denny’s Stock Performance

Denny’s stock opened at $6.43 on Friday. The stock has a 50-day simple moving average of $6.15 and a 200-day simple moving average of $6.39. The company has a market capitalization of $330.05 million, a P/E ratio of 19.48, a PEG ratio of 1.20 and a beta of 2.01. Denny’s has a fifty-two week low of $5.37 and a fifty-two week high of $11.16.

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

Hedge Funds Weigh In On Denny’s

Large investors have recently made changes to their positions in the stock. Quest Partners LLC purchased a new stake in Denny’s during the second quarter worth about $25,000. Quarry LP boosted its stake 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 worth $30,000 after acquiring an additional 2,617 shares in the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Denny’s in the 2nd quarter worth approximately $31,000. Sanctuary Advisors LLC purchased a new position in Denny’s in the 2nd quarter valued at approximately $77,000. Finally, FMR LLC raised its holdings in Denny’s by 95.2% during the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 5,970 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.