Denny’s (NASDAQ:DENN) Stock Rating Upgraded by Mizuho

Denny’s (NASDAQ:DENN) was upgraded by equities research analysts at Mizuho to a “hold” rating in a research report issued to clients and investors on Tuesday,Zacks.com reports.

DENN has been the topic of a number of other reports. Piper Sandler set a $4.00 target price on shares of Denny’s and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Benchmark dropped their price target on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating on the stock in a research note on Thursday, August 7th. Finally, Weiss Ratings reiterated a “sell (d+)” rating on shares of Denny’s in a research note on Wednesday, October 8th. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Denny’s has a consensus rating of “Hold” and a consensus price target of $5.96.

Denny’s Price Performance

NASDAQ:DENN opened at $4.18 on Tuesday. The firm’s 50-day moving average price is $4.93 and its 200-day moving average price is $4.31. The company has a market capitalization of $215.27 million, a PE ratio of 13.48 and a beta of 1.63. Denny’s has a 1-year low of $2.85 and a 1-year high of $7.73.

Denny’s (NASDAQ:DENN) last released its earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). The business had revenue of $117.66 million during the quarter, compared to analysts’ expectations of $118.14 million. Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The firm’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.13 earnings per share. Equities analysts anticipate that Denny’s will post 0.5 EPS for the current fiscal year.

Insider Transactions at Denny’s

In related news, insider Jumana Capital Investments Llc bought 162,210 shares of the stock in a transaction on Monday, October 20th. The shares were acquired at an average price of $5.05 per share, for a total transaction of $819,160.50. Following the purchase, the insider owned 3,795,523 shares of the company’s stock, valued at approximately $19,167,391.15. The trade was a 4.46% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have bought 183,307 shares of company stock worth $925,837. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Denny’s

Several hedge funds and other institutional investors have recently bought and sold shares of DENN. Vontobel Holding Ltd. bought a new position in Denny’s during the 1st quarter valued at about $60,000. Bank of New York Mellon Corp lifted its stake in Denny’s by 3.9% during the 1st quarter. Bank of New York Mellon Corp now owns 217,322 shares of the restaurant operator’s stock valued at $798,000 after acquiring an additional 8,159 shares during the period. Envestnet Asset Management Inc. lifted its stake in Denny’s by 63.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock valued at $3,041,000 after acquiring an additional 321,877 shares during the period. Cerity Partners LLC bought a new position in Denny’s during the 1st quarter valued at about $41,000. Finally, CWM LLC lifted its stake in Denny’s by 217.7% during the 1st quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 4,608 shares during the period. Institutional investors own 85.07% of the company’s stock.

About Denny’s

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.