Denny’s Corporation (NASDAQ:DENN) Receives Average Rating of “Hold” from Analysts

Shares of Denny’s Corporation (NASDAQ:DENN) have been given a consensus rating of “Hold” by the eight research firms that are presently 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 brokerages that have issued ratings on the stock in the last year is $5.9643.

DENN has been the topic of a number of recent research reports. Benchmark lowered Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Oppenheimer lowered Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Mizuho upgraded Denny’s to a “hold” rating in a research report on Tuesday, October 28th. Truist Financial reissued a “hold” rating and set a $6.00 target price on shares of Denny’s in a report on Tuesday, November 4th. Finally, Weiss Ratings restated a “hold (c-)” rating on shares of Denny’s in a research note on Monday, December 29th.

Insider Activity

In other Denny’s news, insider Jumana Capital Investments Llc bought 250,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were bought at an average cost of $4.08 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the insider owned 4,524,905 shares of the company’s stock, valued at $18,461,612.40. This trade represents a 5.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Denny’s

A number of large investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in Denny’s in the 2nd quarter valued at $48,000. Northwestern Mutual Wealth Management Co. bought a new position in shares of Denny’s in the third quarter worth $52,000. BNP Paribas Financial Markets raised its stake in Denny’s by 109.1% in the third quarter. BNP Paribas Financial Markets now owns 10,408 shares of the restaurant operator’s stock valued at $54,000 after purchasing an additional 5,431 shares in the last quarter. SG Americas Securities LLC acquired a new position in Denny’s in the third quarter valued at about $58,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Denny’s during the second quarter worth about $67,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Stock Performance

NASDAQ DENN opened at $6.25 on Tuesday. The firm has a 50-day moving average of $6.20 and a 200-day moving average of $5.25. The stock has a market cap of $321.62 million, a PE ratio of 31.23 and a beta of 1.37. Denny’s has a 52-week low of $2.85 and a 52-week high of $7.66.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $113.24 million during the quarter, compared to analyst estimates of $116.91 million. Denny’s had a net margin of 2.24% and a negative return on equity of 60.26%. The firm’s quarterly revenue was up 202.6% on a year-over-year basis. During the same quarter last year, the company posted $0.14 EPS. As a group, analysts predict that Denny’s will post 0.5 EPS for the current fiscal year.

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.