Denny’s (NASDAQ:DENN – Get Free Report) had its price objective dropped by Wedbush from $10.00 to $8.50 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s price target would suggest a potential upside of 66.02% from the company’s previous close. Wedbush also issued estimates for Denny’s’ Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.53 EPS.
Other equities research analysts have also issued research reports about the company. Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and upped their target price for the company from $7.00 to $7.50 in a research report on Friday, October 25th. Truist Financial dropped their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, October 28th. 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. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Oppenheimer increased their price target on Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $8.40.
Read Our Latest Research Report on Denny’s
Denny’s Price Performance
Denny’s (NASDAQ:DENN – Get Free Report) last released its earnings results on Wednesday, February 12th. 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 net margin of 3.90% and a negative return on equity of 48.64%. On average, analysts expect that Denny’s will post 0.52 EPS for the current year.
Institutional Investors Weigh In On Denny’s
Hedge funds have recently modified their holdings of the company. Russell Investments Group Ltd. raised its holdings in Denny’s by 99.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,138,473 shares of the restaurant operator’s stock worth $6,888,000 after purchasing an additional 568,266 shares during the period. RPO LLC purchased a new stake in shares of Denny’s in the fourth quarter valued at approximately $63,000. ExodusPoint Capital Management LP acquired a new position in shares of Denny’s during the 4th quarter worth approximately $533,000. Trexquant Investment LP lifted its position in shares of Denny’s by 50.5% during the 4th quarter. Trexquant Investment LP now owns 75,079 shares of the restaurant operator’s stock valued at $454,000 after buying an additional 25,200 shares in the last quarter. Finally, Geode Capital Management LLC grew its stake in Denny’s by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,187,850 shares of the restaurant operator’s stock valued at $7,188,000 after acquiring an additional 6,971 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.
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.
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