Denny’s Co. (NASDAQ:DENN – Get Rating) has been assigned a consensus rating of “Buy” from the nine analysts that are currently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $17.57.
A number of research analysts have recently weighed in on DENN shares. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Zacks Investment Research raised shares of Denny’s from a “sell” rating to a “hold” rating in a report on Wednesday, May 4th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Denny’s from $16.00 to $13.00 in a report on Monday, May 9th. Finally, Citigroup assumed coverage on shares of Denny’s in a report on Tuesday, April 12th. They issued a “neutral” rating and a $15.00 price target for the company.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Ensign Peak Advisors Inc bought a new stake in shares of Denny’s during the fourth quarter valued at approximately $26,000. Quantbot Technologies LP bought a new stake in shares of Denny’s during the first quarter valued at approximately $29,000. New York State Teachers Retirement System bought a new stake in shares of Denny’s during the fourth quarter valued at approximately $86,000. National Bank of Canada FI bought a new stake in shares of Denny’s during the fourth quarter valued at approximately $108,000. Finally, AdvisorShares Investments LLC raised its stake in shares of Denny’s by 220.2% during the fourth quarter. AdvisorShares Investments LLC now owns 9,304 shares of the restaurant operator’s stock valued at $149,000 after acquiring an additional 6,398 shares in the last quarter.
Denny’s (NASDAQ:DENN – Get Rating) last issued its quarterly earnings data on Tuesday, May 3rd. The restaurant operator reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by ($0.02). The firm had revenue of $103.10 million for the quarter, compared to analysts’ expectations of $102.13 million. Denny’s had a net margin of 18.24% and a negative return on equity of 52.44%. The company’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.01 EPS. On average, sell-side analysts predict that Denny’s will post 0.61 EPS for the current year.
Denny’s Company Profile (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.
- Get a free copy of the StockNews.com research report on Denny’s (DENN)
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