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

Denny’s Co. (NASDAQ:DENN) has been assigned an average recommendation of “Moderate Buy” from the five brokerages that are covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $7.90.

A number of analysts recently commented on the company. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Oppenheimer raised their price target on shares of Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Truist Financial cut their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Finally, Benchmark cut their price target on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th.

Institutional Investors Weigh In On Denny’s

Several hedge funds have recently modified their holdings of DENN. SG Americas Securities LLC increased its position in Denny’s by 25.3% during the fourth quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 4,704 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Denny’s by 244.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator’s stock worth $489,000 after buying an additional 53,763 shares during the last quarter. Barclays PLC increased its holdings in shares of Denny’s by 342.5% during the 3rd quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock worth $531,000 after buying an additional 63,668 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Denny’s by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after buying an additional 3,902 shares during the period. Finally, XTX Topco Ltd boosted its holdings in Denny’s by 588.2% in the third quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator’s stock valued at $564,000 after acquiring an additional 74,760 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Denny’s Price Performance

Shares of NASDAQ DENN opened at $6.43 on Friday. The firm’s 50-day moving average is $6.15 and its two-hundred day moving average is $6.39. 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 $330.05 million, a PE ratio of 19.48, a price-to-earnings-growth ratio of 1.20 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 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. The company had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same quarter last year, the company posted $0.17 EPS. Denny’s’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, analysts forecast that Denny’s will post 0.52 EPS for the current fiscal year.

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.