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

Shares of Denny’s Corporation (NASDAQ:DENN) have been given an average recommendation of “Hold” by the seven research firms that are presently covering the firm, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $5.5417.

Several equities analysts have weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Denny’s in a research report on Monday, December 29th. Truist Financial reaffirmed a “hold” rating and set a $6.00 price objective on shares of Denny’s in a research note on Tuesday, November 4th. Oppenheimer downgraded shares of Denny’s from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Mizuho raised shares of Denny’s to a “hold” rating in a research note on Tuesday, October 28th. Finally, Benchmark downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th.

Institutional Investors Weigh In On Denny’s

Several hedge funds have recently made changes to their positions in the business. Bank of Montreal Can purchased a new stake in shares of Denny’s in the second quarter valued at $48,000. Northwestern Mutual Wealth Management Co. acquired a new stake in Denny’s in the 3rd quarter worth about $52,000. BNP Paribas Financial Markets grew its holdings in Denny’s by 109.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 10,408 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 5,431 shares during the period. SG Americas Securities LLC acquired a new position in shares of Denny’s during the 3rd quarter valued at about $58,000. Finally, Brooklyn Investment Group lifted its holdings in shares of Denny’s by 221.3% during the 3rd quarter. Brooklyn Investment Group now owns 13,606 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 9,371 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Price Performance

Shares of DENN opened at $6.25 on Friday. The firm has a 50 day simple moving average of $6.23 and a 200-day simple moving average of $5.53. Denny’s has a 1-year low of $2.85 and a 1-year high of $7.66. The stock has a market cap of $321.87 million, a price-to-earnings ratio of 31.25 and a beta of 1.37.

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.