Denny’s (NASDAQ:DENN) Upgraded to “Buy” by StockNews.com

Denny’s (NASDAQ:DENN) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Friday.

Several other equities research analysts have also recently commented on the company. Truist Financial dropped their target price on Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Oppenheimer lowered their target price on Denny’s from $13.00 to $12.00 and set an “outperform” rating on the stock in a report on Wednesday, February 14th. Finally, Wedbush reduced their target price on shares of Denny’s from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $11.92.

Denny’s Stock Down 0.9 %

Shares of NASDAQ:DENN opened at $8.06 on Friday. The company’s 50-day moving average price is $8.99 and its 200 day moving average price is $9.52. The company has a market cap of $427.99 million, a PE ratio of 23.03, a P/E/G ratio of 1.43 and a beta of 1.93. Denny’s has a fifty-two week low of $8.03 and a fifty-two week high of $12.53.

Denny’s (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Denny’s had a net margin of 4.30% and a negative return on equity of 70.78%. The business had revenue of $115.40 million for the quarter, compared to the consensus estimate of $115.67 million. During the same period last year, the firm posted $0.18 EPS. The business’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, equities analysts anticipate that Denny’s will post 0.64 EPS for the current year.

Insider Buying and Selling

In other Denny’s news, Director John C. Miller sold 35,359 shares of Denny’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $9.25, for a total transaction of $327,070.75. Following the completion of the sale, the director now owns 740,626 shares of the company’s stock, valued at approximately $6,850,790.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. First Eagle Investment Management LLC increased its stake in shares of Denny’s by 43.6% during the 3rd quarter. First Eagle Investment Management LLC now owns 815,485 shares of the restaurant operator’s stock worth $6,907,000 after purchasing an additional 247,470 shares during the last quarter. Aigen Investment Management LP bought a new stake in Denny’s during the third quarter worth approximately $495,000. North Star Investment Management Corp. raised its position in shares of Denny’s by 95.6% in the fourth quarter. North Star Investment Management Corp. now owns 431,700 shares of the restaurant operator’s stock valued at $4,697,000 after purchasing an additional 211,000 shares during the period. Earnest Partners LLC lifted its stake in shares of Denny’s by 17.4% in the third quarter. Earnest Partners LLC now owns 1,545,902 shares of the restaurant operator’s stock worth $13,094,000 after buying an additional 228,709 shares during the last quarter. Finally, Diversified Trust Co grew its stake in Denny’s by 16.4% in the 4th quarter. Diversified Trust Co now owns 15,546 shares of the restaurant operator’s stock valued at $169,000 after buying an additional 2,186 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.