Denny’s (NASDAQ:DENN) Price Target Lowered to $6.00 at Piper Sandler

Denny’s (NASDAQ:DENN) had its price objective lowered by stock analysts at Piper Sandler from $7.00 to $6.00 in a research note issued on Tuesday,Benzinga reports. The firm currently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target would suggest a potential upside of 18.93% from the stock’s previous close.

DENN has been the topic of several other reports. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Benchmark dropped their price target on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Citigroup dropped their price target on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Truist Financial lowered their price objective 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. Finally, Oppenheimer decreased their price target on shares of Denny’s from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, Denny’s presently has an average rating of “Moderate Buy” and a consensus target price of $7.75.

Denny’s Price Performance

Shares of NASDAQ:DENN opened at $5.05 on Tuesday. Denny’s has a 1 year low of $4.82 and a 1 year high of $9.52. The business has a 50 day simple moving average of $6.08 and a two-hundred day simple moving average of $6.26. The firm has a market capitalization of $258.96 million, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.27 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. Equities research analysts expect that Denny’s will post 0.52 EPS for the current fiscal year.

Institutional Trading of Denny’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. PharVision Advisers LLC acquired a new position in shares of Denny’s in the 4th quarter worth approximately $218,000. Squarepoint Ops LLC boosted its holdings in shares of Denny’s by 323.3% during the fourth quarter. Squarepoint Ops LLC now owns 98,262 shares of the restaurant operator’s stock worth $594,000 after purchasing an additional 75,046 shares during the period. Two Sigma Investments LP boosted its holdings in shares of Denny’s by 15.4% during the fourth quarter. Two Sigma Investments LP now owns 196,024 shares of the restaurant operator’s stock worth $1,186,000 after purchasing an additional 26,194 shares during the period. State of Wyoming acquired a new stake in Denny’s in the fourth quarter valued at approximately $152,000. Finally, ProShare Advisors LLC acquired a new stake in Denny’s in the fourth quarter valued at approximately $86,000. 85.07% of the stock is currently owned by institutional investors.

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.