Deutsche Bank Aktiengesellschaft Trims Denny’s (NASDAQ:DENN) Target Price to $13.00

Denny’s (NASDAQ:DENNGet Rating) had its price objective reduced by stock analysts at Deutsche Bank Aktiengesellschaft from $16.00 to $13.00 in a research report issued on Monday, The Fly reports. Deutsche Bank Aktiengesellschaft’s price target points to a potential upside of 20.71% from the stock’s current price.

A number of other research analysts have also recently commented on the company. StockNews.com assumed coverage on Denny’s in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Zacks Investment Research upgraded Denny’s from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Finally, Citigroup assumed coverage on Denny’s in a research note on Tuesday, April 12th. They set a “neutral” rating and a $15.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $17.75.

Shares of Denny’s stock opened at $10.77 on Monday. Denny’s has a twelve month low of $10.49 and a twelve month high of $18.28. The stock has a market capitalization of $664.64 million, a P/E ratio of 9.05, a PEG ratio of 1.80 and a beta of 1.59. The business’s fifty day moving average price is $13.67 and its 200 day moving average price is $14.81.

Denny’s (NASDAQ:DENNGet Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The restaurant operator reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The company had revenue of $103.10 million for the quarter, compared to analyst estimates of $102.13 million. Denny’s had a negative return on equity of 52.44% and a net margin of 18.24%. The company’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, analysts predict that Denny’s will post 0.65 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in DENN. Allspring Global Investments Holdings LLC bought a new stake in Denny’s in the fourth quarter valued at about $106,008,000. Wellington Management Group LLP increased its holdings in Denny’s by 69.4% in the third quarter. Wellington Management Group LLP now owns 4,870,874 shares of the restaurant operator’s stock valued at $79,590,000 after buying an additional 1,996,160 shares during the last quarter. FMR LLC increased its holdings in Denny’s by 102.6% in the first quarter. FMR LLC now owns 2,391,010 shares of the restaurant operator’s stock valued at $43,874,000 after buying an additional 1,211,020 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in Denny’s in the third quarter valued at about $11,201,000. Finally, Polar Asset Management Partners Inc. increased its holdings in Denny’s by 113.0% in the third quarter. Polar Asset Management Partners Inc. now owns 902,217 shares of the restaurant operator’s stock valued at $14,742,000 after buying an additional 478,587 shares during the last quarter.

About Denny’s (Get Rating)

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 29, 2021, it had 1,640 franchised, licensed, and company restaurants worldwide. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in 2002.

Featured Stories

The Fly logo

Analyst Recommendations for Denny's (NASDAQ:DENN)

Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.