Denny’s Co. (NASDAQ:DENN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Denny’s Co. (NASDAQ:DENN) has been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $11.92.

Several brokerages recently weighed in on DENN. Truist Financial reduced their price target on Denny’s from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Oppenheimer cut their price objective on Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Wedbush cut their price objective on Denny’s from $11.00 to $10.50 and set a “neutral” rating for the company in a research report on Wednesday, February 14th. Finally, StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday, April 10th.

Insider Transactions at Denny’s

In other Denny’s news, Director John C. Miller sold 35,359 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $9.25, for a total transaction of $327,070.75. Following the transaction, the director now owns 740,626 shares of the company’s stock, valued at $6,850,790.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Denny’s

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Holdings Inc. raised its holdings in shares of Denny’s by 11.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 22,616 shares of the restaurant operator’s stock valued at $323,000 after buying an additional 2,305 shares during the period. Rice Hall James & Associates LLC raised its holdings in shares of Denny’s by 3.3% in the 1st quarter. Rice Hall James & Associates LLC now owns 76,912 shares of the restaurant operator’s stock valued at $1,101,000 after buying an additional 2,485 shares during the period. MetLife Investment Management LLC raised its holdings in shares of Denny’s by 50.0% in the 1st quarter. MetLife Investment Management LLC now owns 32,473 shares of the restaurant operator’s stock valued at $465,000 after buying an additional 10,823 shares during the period. Dimensional Fund Advisors LP increased its holdings in Denny’s by 8.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,178,502 shares of the restaurant operator’s stock worth $16,864,000 after purchasing an additional 94,513 shares during the period. Finally, Vanguard Group Inc. increased its holdings in Denny’s by 0.8% during the 1st quarter. Vanguard Group Inc. now owns 3,186,493 shares of the restaurant operator’s stock worth $45,599,000 after purchasing an additional 26,750 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Stock Down 0.6 %

Shares of NASDAQ:DENN opened at $8.25 on Wednesday. Denny’s has a 52-week low of $8.11 and a 52-week high of $12.53. The stock has a market cap of $438.08 million, a price-to-earnings ratio of 23.57, a PEG ratio of 1.46 and a beta of 1.93. The business has a 50-day moving average price of $9.08 and a 200-day moving average price of $9.54.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). The company had revenue of $115.40 million for the quarter, compared to analysts’ expectations of $115.67 million. Denny’s had a net margin of 4.30% and a negative return on equity of 70.78%. The firm’s revenue was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, equities analysts anticipate that Denny’s will post 0.64 EPS for the current fiscal year.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.