Denny’s (NASDAQ:DENN) Given New $4.00 Price Target at Piper Sandler

Denny’s (NASDAQ:DENN) had its price target reduced by Piper Sandler from $6.00 to $4.00 in a research note released on Tuesday,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

A number of other research analysts also recently weighed in on DENN. Citigroup decreased their target price on shares of Denny’s from $7.00 to $6.25 and set a “buy” rating for the company in a research report on Thursday, April 24th. Oppenheimer reduced their price objective on shares of Denny’s from $7.00 to $6.00 and set an “outperform” rating for the company in a research note on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $7.13.

Denny’s Price Performance

Shares of NASDAQ:DENN opened at $3.54 on Tuesday. Denny’s has a fifty-two week low of $2.85 and a fifty-two week high of $7.73. The company has a market capitalization of $181.43 million, a price-to-earnings ratio of 11.42 and a beta of 1.70. The firm’s 50 day simple moving average is $4.10 and its 200 day simple moving average is $4.33.

Denny’s (NASDAQ:DENN) last announced its earnings results on Monday, August 4th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Denny’s had a negative return on equity of 56.99% and a net margin of 3.53%. The company had revenue of $117.66 million for the quarter, compared to analyst estimates of $118.14 million. During the same quarter last year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 1.0% on a year-over-year basis. Equities research analysts expect that Denny’s will post 0.5 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. CWM LLC increased its stake in Denny’s by 217.7% in the 1st quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 4,608 shares during the last quarter. Park Avenue Securities LLC bought a new position in shares of Denny’s in the first quarter worth $40,000. Cerity Partners LLC purchased a new stake in Denny’s in the 1st quarter worth approximately $41,000. Gilbert & Cook Inc. bought a new stake in Denny’s during the first quarter valued at $44,000. Finally, Bank of Montreal Can purchased a new position in shares of Denny’s during the second quarter worth about $48,000. 85.07% of the stock is owned by institutional investors.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.