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

Denny’s Co. (NASDAQ:DENN) has been assigned an average rating of “Moderate Buy” from the five brokerages that are presently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $10.40.

A number of research analysts have recently commented on the company. Wedbush lowered their target price on Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Oppenheimer lowered their target price on Denny’s from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Truist Financial lowered their target price on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Benchmark restated a “buy” rating and issued a $15.00 target price on shares of Denny’s in a research note on Wednesday, July 31st.

Denny’s Stock Performance

NASDAQ DENN opened at $6.68 on Friday. Denny’s has a fifty-two week low of $5.59 and a fifty-two week high of $11.16. The stock has a 50 day simple moving average of $6.52 and a two-hundred day simple moving average of $7.40. The stock has a market cap of $343.15 million, a P/E ratio of 15.53, a price-to-earnings-growth ratio of 1.33 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $115.90 million during the quarter, compared to analysts’ expectations of $118.98 million. During the same quarter last year, the business posted $0.14 EPS. The company’s quarterly revenue was down .9% compared to the same quarter last year. Sell-side analysts predict that Denny’s will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DENN. Quest Partners LLC bought a new position in Denny’s during the 2nd quarter valued at approximately $25,000. CWM LLC increased its holdings in shares of Denny’s by 726.2% in the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 3,239 shares in the last quarter. Quarry LP increased its holdings in shares of Denny’s by 161.5% in the 2nd quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,617 shares in the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Denny’s in the 2nd quarter worth $31,000. Finally, Quadrant Capital Group LLC increased its holdings in shares of Denny’s by 126.7% in the 4th quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock worth $49,000 after purchasing an additional 2,536 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

About Denny’s

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.