Denny’s (NASDAQ:DENN) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Denny’s Corporation (NASDAQ:DENN)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $5.25 and traded as high as $6.26. Denny’s shares last traded at $6.2450, with a volume of 4,056,515 shares trading hands.

Analyst Upgrades and Downgrades

DENN has been the subject of a number of recent analyst reports. Mizuho raised Denny’s to a “hold” rating in a report on Tuesday, October 28th. Truist Financial reiterated a “hold” rating and set a $6.00 price target on shares of Denny’s in a research report on Tuesday, November 4th. Oppenheimer lowered Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Benchmark downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Denny’s in a research report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, Denny’s currently has an average rating of “Hold” and a consensus price target of $5.96.

Denny’s Trading Down 0.2%

The company has a fifty day simple moving average of $6.20 and a 200-day simple moving average of $5.25. The stock has a market cap of $321.62 million, a price-to-earnings ratio of 31.23 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 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Denny’s had a negative return on equity of 60.26% and a net margin of 2.24%.The firm had revenue of $113.24 million during the quarter, compared to analyst estimates of $116.91 million. During the same period in the prior year, the business posted $0.14 EPS. The company’s revenue for the quarter was up 202.6% on a year-over-year basis. As a group, analysts anticipate that Denny’s Corporation will post 0.5 earnings per share for the current year.

Insider Transactions at Denny’s

In related news, insider Jumana Capital Investments Llc bought 250,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The stock was bought at an average price of $4.08 per share, with a total value of $1,020,000.00. Following the purchase, the insider directly owned 4,524,905 shares of the company’s stock, valued at approximately $18,461,612.40. This represents a 5.85% increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 4.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Denny’s

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CIBRA Capital Ltd bought a new stake in Denny’s in the fourth quarter worth approximately $1,592,000. SG Americas Securities LLC lifted its position in shares of Denny’s by 535.0% in the fourth quarter. SG Americas Securities LLC now owns 69,839 shares of the restaurant operator’s stock worth $434,000 after buying an additional 58,840 shares during the last quarter. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Denny’s during the 3rd quarter worth about $52,000. Mercer Global Advisors Inc. ADV acquired a new position in shares of Denny’s during the 3rd quarter valued at about $111,000. Finally, JCP Investment Management LLC bought a new position in shares of Denny’s in the 3rd quarter valued at approximately $4,338,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

About Denny’s

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.