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

Denny’s Co. (NASDAQ:DENN) has been assigned a consensus rating of “Moderate Buy” from the five research firms that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $10.00.

DENN has been the topic of a number of research reports. Oppenheimer lowered their price target on Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Benchmark reissued a “buy” rating and issued a $15.00 target price on shares of Denny’s in a report on Wednesday, July 31st. Citigroup cut their price target on Denny’s from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday. Wedbush dropped their target price on shares of Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Finally, Truist Financial cut their target price on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th.

Institutional Trading of Denny’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DENN. Vanguard Group Inc. boosted its stake in shares of Denny’s by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock worth $29,885,000 after purchasing an additional 89,465 shares during the last quarter. First Eagle Investment Management LLC boosted its position in Denny’s by 15.3% during the first quarter. First Eagle Investment Management LLC now owns 1,103,727 shares of the restaurant operator’s stock worth $9,889,000 after acquiring an additional 146,658 shares during the last quarter. Boston Partners purchased a new stake in Denny’s in the 1st quarter worth approximately $193,000. Price T Rowe Associates Inc. MD raised its holdings in Denny’s by 56.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 122,850 shares of the restaurant operator’s stock valued at $1,102,000 after acquiring an additional 44,163 shares during the last quarter. Finally, AQR Capital Management LLC lifted its stake in shares of Denny’s by 63.8% during the 2nd quarter. AQR Capital Management LLC now owns 216,694 shares of the restaurant operator’s stock worth $1,539,000 after purchasing an additional 84,371 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Stock Performance

Denny’s stock opened at $6.47 on Wednesday. Denny’s has a one year low of $5.59 and a one year high of $11.16. The company has a market cap of $336.56 million, a P/E ratio of 15.05, a price-to-earnings-growth ratio of 1.23 and a beta of 2.02. The business has a fifty day moving average of $6.25 and a two-hundred day moving average of $7.04.

Denny’s (NASDAQ:DENN) last released 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). Denny’s had a negative return on equity of 57.37% and a net margin of 4.19%. The company had revenue of $115.90 million for the quarter, compared to analysts’ expectations of $118.98 million. During the same period in the prior year, the firm posted $0.14 EPS. The firm’s quarterly revenue was down .9% on a year-over-year basis. Sell-side analysts predict that Denny’s will post 0.55 EPS for the current year.

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.