Denny’s Corporation (NASDAQ:DENN) Given Average Recommendation of “Hold” by Analysts

Denny’s Corporation (NASDAQ:DENN) has earned an average recommendation of “Hold” from the eight ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have covered the stock in the last year is $5.9643.

A number of brokerages recently weighed in on DENN. Benchmark cut shares of Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Oppenheimer downgraded Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Denny’s in a report on Monday. Mizuho raised Denny’s to a “hold” rating in a research report on Tuesday, October 28th. Finally, Truist Financial reiterated a “hold” rating and issued a $6.00 price target on shares of Denny’s in a research report on Tuesday, November 4th.

Denny’s Stock Up 0.3%

NASDAQ:DENN opened at $6.22 on Friday. The business’s 50-day moving average price is $5.92 and its 200 day moving average price is $5.00. Denny’s has a 52-week low of $2.85 and a 52-week high of $7.66. The firm has a market cap of $320.33 million, a P/E ratio of 31.10 and a beta of 1.37.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). The business had revenue of $113.24 million for the quarter, compared to the consensus estimate of $116.91 million. Denny’s had a net margin of 2.24% and a negative return on equity of 60.26%. The business’s revenue for the quarter was up 202.6% on a year-over-year basis. During the same quarter last year, the business posted $0.14 EPS. Sell-side analysts expect that Denny’s will post 0.5 EPS for the current year.

Insider Activity at Denny’s

In other news, insider Jumana Capital Investments Llc bought 250,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $4.08 per share, with a total value 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. The trade was a 5.85% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have bought 433,307 shares of company stock valued at $1,945,837 in the last ninety days. Company insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Denny’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DENN. First Eagle Investment Management LLC grew its stake in Denny’s by 6.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock valued at $7,992,000 after acquiring an additional 110,722 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Denny’s by 170.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,898 shares of the restaurant operator’s stock worth $758,000 after purchasing an additional 116,575 shares in the last quarter. Boston Partners boosted its holdings in shares of Denny’s by 56.7% during the second quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock worth $16,196,000 after purchasing an additional 1,430,102 shares during the period. Nuveen LLC purchased a new position in Denny’s during the first quarter valued at approximately $688,000. Finally, Mork Capital Management LLC grew its position in Denny’s by 142.9% during the first quarter. Mork Capital Management LLC now owns 170,000 shares of the restaurant operator’s stock valued at $624,000 after purchasing an additional 100,000 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Company Profile

Denny’s Corporation operates one of the largest full-service, family‐style restaurant chains in the United States, specializing in classic American diner fare. The company’s menu features breakfast, lunch and dinner offerings served around the clock, with signature items such as the Grand Slam breakfast, burgers, sandwiches and a variety of savory skillets. As a publicly traded entity under the symbol DENN on NASDAQ, Denny’s focuses on providing an accessible dining experience for a broad customer base, including families, travelers and late‐night diners.

The company’s business model combines both franchised and company‐owned locations.