Denny’s Co. (NASDAQ:DENN) Receives $10.40 Average Price Target from Brokerages

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

Several analysts have issued reports on the company. Wedbush cut their price objective on Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Oppenheimer decreased their price objective on shares of Denny’s from $11.00 to $10.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $15.00 target price on shares of Denny’s in a report on Wednesday, July 31st. Finally, Truist Financial decreased their price target on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a report on Tuesday, July 9th.

Denny’s Trading Down 4.4 %

DENN stock opened at $6.55 on Friday. The company has a market capitalization of $336.47 million, a P/E ratio of 15.72, a PEG ratio of 1.33 and a beta of 2.02. The firm has a 50 day simple moving average of $6.53 and a 200-day simple moving average of $7.40. Denny’s has a twelve month low of $5.59 and a twelve month high of $11.16.

Denny’s (NASDAQ:DENN) last released its earnings results 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 company had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.98 million. During the same period in the previous year, the firm posted $0.14 EPS. Denny’s’s revenue for the quarter was down .9% on a year-over-year basis. On average, research analysts predict that Denny’s will post 0.55 EPS for the current year.

Hedge Funds Weigh In On Denny’s

Institutional investors have recently modified their holdings of the company. Quest Partners LLC bought a new stake in Denny’s in the 2nd quarter valued at about $25,000. CWM LLC raised its holdings in shares of Denny’s by 726.2% during the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 3,239 shares during the last quarter. Quarry LP boosted its position in shares of Denny’s by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after buying an additional 2,617 shares during the period. Canada Pension Plan Investment Board bought a new position in Denny’s in the 2nd quarter worth approximately $31,000. Finally, Quadrant Capital Group LLC increased its position in Denny’s by 126.7% in the 4th quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 2,536 shares during the period. 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.