Denny’s Corporation (NASDAQ:DENN) Receives Consensus Recommendation of “Hold” from Brokerages

Shares of Denny’s Corporation (NASDAQ:DENN) have been assigned an average rating of “Hold” from the eight analysts that are covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $5.9643.

A number of research analysts have recently commented on the company. Mizuho upgraded Denny’s to a “hold” rating in a research report on Tuesday, October 28th. Truist Financial restated a “hold” rating and issued a $6.00 price target on shares of Denny’s in a research report on Tuesday, November 4th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday, October 8th. Benchmark cut shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Finally, Piper Sandler set a $4.00 target price on shares of Denny’s and gave the stock a “neutral” rating in a report on Tuesday, August 5th.

Denny’s Stock Performance

Shares of NASDAQ DENN opened at $6.16 on Thursday. The company has a market cap of $317.23 million, a P/E ratio of 19.87 and a beta of 1.60. Denny’s has a 52-week low of $2.85 and a 52-week high of $7.66. The firm’s fifty day moving average is $5.14 and its two-hundred day moving average is $4.46.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Monday, November 3rd. The restaurant operator reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $113.24 million for the quarter, compared to analysts’ expectations of $116.91 million. Denny’s had a net margin of 3.53% and a negative return on equity of 59.51%. The company’s revenue for the quarter was up 202.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 EPS. As a group, analysts forecast that Denny’s will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Jumana Capital Investments Llc acquired 250,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average cost of $4.08 per share, for a total transaction of $1,020,000.00. Following the completion of the transaction, the insider directly owned 4,524,905 shares in the company, valued at approximately $18,461,612.40. This trade represents a 5.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders purchased 433,307 shares of company stock worth $1,945,837 over the last quarter. Insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Denny’s

A number of institutional investors and hedge funds have recently modified their holdings of the stock. XTX Topco Ltd raised its holdings in Denny’s by 6.8% during the 1st quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 2,601 shares during the period. Fruth Investment Management boosted its stake in Denny’s by 13.2% during the second quarter. Fruth Investment Management now owns 30,000 shares of the restaurant operator’s stock worth $123,000 after buying an additional 3,500 shares during the period. Panagora Asset Management Inc. increased its position in Denny’s by 2.1% during the second quarter. Panagora Asset Management Inc. now owns 179,840 shares of the restaurant operator’s stock valued at $737,000 after acquiring an additional 3,752 shares during the last quarter. CWM LLC raised its stake in shares of Denny’s by 217.7% in the first 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. Finally, Vontobel Holding Ltd. raised its stake in shares of Denny’s by 45.1% in the second quarter. Vontobel Holding Ltd. now owns 23,897 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 7,430 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.