Denny’s (NASDAQ:DENN) Price Target Lowered to $7.00 at Oppenheimer

Denny’s (NASDAQ:DENN) had its price target cut by investment analysts at Oppenheimer from $8.00 to $7.00 in a report released on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Oppenheimer’s price objective points to a potential upside of 40.99% from the stock’s previous close.

Other analysts have also recently issued research reports about the stock. Benchmark reduced their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Wedbush decreased their target price on Denny’s from $10.00 to $8.50 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com cut Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Finally, Truist Financial reduced 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. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $8.20.

Denny’s Trading Down 3.0 %

Shares of Denny’s stock traded down $0.16 during trading on Thursday, hitting $4.97. 1,800,685 shares of the stock were exchanged, compared to its average volume of 1,106,370. Denny’s has a 1-year low of $4.91 and a 1-year high of $9.56. The stock has a market capitalization of $254.85 million, a price-to-earnings ratio of 15.05, a price-to-earnings-growth ratio of 1.27 and a beta of 2.02. The company has a fifty day moving average price of $6.15 and a 200-day moving average price of $6.31.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share (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%. Equities research analysts forecast that Denny’s will post 0.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. RPO LLC acquired a new stake in Denny’s during the fourth quarter worth about $63,000. Sanctuary Advisors LLC bought a new stake in Denny’s during the second quarter worth $77,000. FMR LLC grew its position in Denny’s by 95.2% in the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 5,970 shares during the last quarter. Intech Investment Management LLC bought a new position in Denny’s in the third quarter valued at about $83,000. Finally, Entropy Technologies LP acquired a new stake in Denny’s during the 3rd quarter worth about $86,000. Institutional investors own 85.07% of the company’s stock.

About Denny’s

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.