Denny’s (NASDAQ:DENN) Sets New 1-Year Low at $9.35

Shares of Denny’s Co. (NASDAQ:DENNGet Rating) reached a new 52-week low on Monday . The company traded as low as $9.35 and last traded at $9.37, with a volume of 9872 shares changing hands. The stock had previously closed at $9.89.

DENN has been the subject of a number of research analyst reports. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Monday, May 9th. Deutsche Bank Aktiengesellschaft lowered their price objective on Denny’s from $16.00 to $13.00 in a research report on Monday, May 9th. Citigroup assumed coverage on Denny’s in a research note on Tuesday, April 12th. They set a “neutral” rating and a $15.00 target price on the stock. Finally, MKM Partners reduced their target price on Denny’s from $15.00 to $12.50 and set a “neutral” rating on the stock in a research note on Friday, June 3rd. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of $16.50.

The company has a fifty day simple moving average of $11.56 and a 200 day simple moving average of $13.89. The firm has a market capitalization of $564.05 million, a P/E ratio of 7.69, a P/E/G ratio of 1.80 and a beta of 1.60.

Denny’s (NASDAQ:DENNGet Rating) last released its earnings results on Tuesday, May 3rd. The restaurant operator reported $0.11 EPS for the quarter, missing the consensus estimate of $0.13 by ($0.02). Denny’s had a negative return on equity of 52.44% and a net margin of 18.24%. The company had revenue of $103.10 million during the quarter, compared to the consensus estimate of $102.13 million. During the same period last year, the firm posted $0.01 earnings per share. The company’s revenue was up 27.9% compared to the same quarter last year. Equities analysts expect that Denny’s Co. will post 0.61 earnings per share for the current year.

Several large investors have recently made changes to their positions in the company. Bank of America Corp DE lifted its holdings in shares of Denny’s by 6.8% during the first quarter. Bank of America Corp DE now owns 776,247 shares of the restaurant operator’s stock valued at $11,107,000 after purchasing an additional 49,415 shares in the last quarter. BNP Paribas Arbitrage SA lifted its holdings in shares of Denny’s by 87.1% during the first quarter. BNP Paribas Arbitrage SA now owns 204,062 shares of the restaurant operator’s stock valued at $2,920,000 after purchasing an additional 95,021 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Denny’s during the first quarter valued at $29,000. Maverick Capital Ltd. bought a new position in shares of Denny’s during the first quarter valued at $497,000. Finally, State Street Corp lifted its holdings in Denny’s by 0.5% in the first quarter. State Street Corp now owns 1,266,145 shares of the restaurant operator’s stock valued at $18,119,000 after acquiring an additional 5,955 shares during the period.

About Denny’s (NASDAQ:DENN)

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.

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