Brokerages Set Denny’s Co. (NASDAQ:DENN) Target Price at $7.90

Shares of Denny’s Co. (NASDAQ:DENN) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $7.90.

Several research analysts have issued reports on DENN shares. Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $7.00 to $7.50 in a report on Friday, October 25th. Wedbush dropped their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. Truist Financial dropped 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 report on Monday, October 28th. StockNews.com cut shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Oppenheimer upped their target price on shares of Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th.

Denny’s Stock Performance

NASDAQ:DENN opened at $6.25 on Friday. The stock’s fifty day moving average price is $6.16 and its two-hundred day moving average price is $6.39. Denny’s has a 52-week low of $5.37 and a 52-week high of $11.16. The company has a market cap of $320.81 million, a price-to-earnings ratio of 18.94, a P/E/G ratio of 1.14 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same period in the prior year, the company posted $0.17 EPS. The firm’s quarterly revenue was down 2.1% compared to the same quarter last year. On average, equities analysts predict that Denny’s will post 0.52 EPS for the current fiscal year.

Institutional Trading of Denny’s

A number of large investors have recently made changes to their positions in DENN. Hotchkis & Wiley Capital Management LLC increased its position in shares of Denny’s by 73.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator’s stock valued at $8,908,000 after buying an additional 583,660 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Denny’s by 6.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after purchasing an additional 558,964 shares in the last quarter. Millennium Management LLC increased its holdings in Denny’s by 1,487.7% during the 2nd quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator’s stock worth $3,774,000 after purchasing an additional 498,051 shares in the last quarter. Access Investment Management LLC bought a new position in Denny’s during the 3rd quarter worth about $1,387,000. Finally, First Eagle Investment Management LLC increased its holdings in Denny’s by 14.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after purchasing an additional 155,100 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

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.