Denny’s (NASDAQ:DENN) Price Target Cut to $10.00 by Analysts at Truist Financial

Denny’s (NASDAQ:DENNFree Report) had its price objective decreased by Truist Financial from $11.00 to $10.00 in a report issued on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued reports about the company. Benchmark reaffirmed a buy rating and issued a $15.00 target price on shares of Denny’s in a report on Wednesday, May 1st. Wedbush reduced their target price on Denny’s from $10.50 to $9.50 and set a neutral rating on the stock in a report on Friday, April 26th. Oppenheimer reduced their target price on Denny’s from $12.00 to $11.00 and set an outperform rating on the stock in a report on Wednesday, May 1st. Finally, StockNews.com cut Denny’s from a buy rating to a hold rating in a report on Thursday, May 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $11.08.

View Our Latest Analysis on Denny’s

Denny’s Stock Down 1.5 %

NASDAQ:DENN opened at $6.49 on Tuesday. The business’s 50-day simple moving average is $7.21 and its two-hundred day simple moving average is $8.72. The stock has a market cap of $337.61 million, a PE ratio of 15.09, a P/E/G ratio of 1.21 and a beta of 2.01. Denny’s has a 52 week low of $6.33 and a 52 week high of $12.17.

Denny’s (NASDAQ:DENNGet Free Report) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.14 by ($0.03). Denny’s had a negative return on equity of 63.27% and a net margin of 5.27%. The firm had revenue of $109.97 million during the quarter, compared to the consensus estimate of $115.17 million. During the same period last year, the firm posted $0.13 earnings per share. The company’s revenue for the quarter was down 6.4% compared to the same quarter last year. Sell-side analysts anticipate that Denny’s will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Denny’s news, CFO Robert P. Verostek bought 10,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of $6.53 per share, for a total transaction of $65,300.00. Following the completion of the transaction, the chief financial officer now directly owns 24,000 shares of the company’s stock, valued at $156,720. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Denny’s news, CAO Jay C. Gilmore bought 12,000 shares of the company’s stock in a transaction on Friday, June 14th. The stock was acquired at an average price of $6.51 per share, for a total transaction of $78,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 121,227 shares of the company’s stock, valued at $789,187.77. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Robert P. Verostek purchased 10,000 shares of the stock in a transaction that occurred on Friday, June 14th. The stock was purchased at an average price of $6.53 per share, with a total value of $65,300.00. Following the acquisition, the chief financial officer now directly owns 24,000 shares of the company’s stock, valued at approximately $156,720. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Denny’s

A number of large investors have recently modified their holdings of the company. Fruth Investment Management boosted its holdings in shares of Denny’s by 8.2% in the fourth quarter. Fruth Investment Management now owns 26,500 shares of the restaurant operator’s stock valued at $288,000 after purchasing an additional 2,000 shares during the period. Diversified Trust Co boosted its position in Denny’s by 16.4% during the 4th quarter. Diversified Trust Co now owns 15,546 shares of the restaurant operator’s stock valued at $169,000 after acquiring an additional 2,186 shares in the last quarter. Quadrant Capital Group LLC boosted its position in Denny’s by 126.7% during the 4th quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 2,536 shares in the last quarter. New York State Common Retirement Fund boosted its position in Denny’s by 6.1% during the 4th quarter. New York State Common Retirement Fund now owns 98,668 shares of the restaurant operator’s stock valued at $1,074,000 after acquiring an additional 5,645 shares in the last quarter. Finally, Skylands Capital LLC boosted its position in Denny’s by 6.1% during the 4th quarter. Skylands Capital LLC now owns 99,800 shares of the restaurant operator’s stock valued at $1,086,000 after acquiring an additional 5,725 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Company Profile

(Get Free Report)

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.

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