Analysts Set Denny's Co. (NASDAQ:DENN) Price Target at $7.70

Denny's Co. (NASDAQ:DENN - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $7.70.

Several equities analysts have issued reports on DENN shares. Benchmark dropped their price target on Denny's from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. StockNews.com downgraded shares of Denny's from a "buy" rating to a "hold" rating in a research report on Thursday, October 31st. Truist Financial reduced their price target on shares of Denny's from $10.00 to $8.00 and set a "buy" rating for the company in a report on Monday, October 28th. Wedbush dropped their price objective on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Wednesday, October 23rd. Finally, Oppenheimer decreased their target price on Denny's from $10.00 to $7.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd.

Institutional Trading of Denny's

Several institutional investors and hedge funds have recently made changes to their positions in the company. Quest Partners LLC purchased a new stake in shares of Denny's during the second quarter valued at approximately $25,000. CWM LLC grew its stake in Denny's by 726.2% in the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator's stock worth $26,000 after buying an additional 3,239 shares in the last quarter. Quarry LP grew its position in Denny's by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator's stock worth $30,000 after acquiring an additional 2,617 shares in the last quarter. Canada Pension Plan Investment Board purchased a new position in shares of Denny's in the 2nd quarter worth about $31,000. Finally, Sanctuary Advisors LLC purchased a new position in shares of Denny's in the 2nd quarter worth about $77,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Denny's Price Performance

NASDAQ DENN traded up $0.03 during mid-day trading on Thursday, reaching $6.36. 964,776 shares of the stock were exchanged, compared to its average volume of 596,789. The stock has a market cap of $326.45 million, a P/E ratio of 19.27, a P/E/G ratio of 1.42 and a beta of 2.02. Denny's has a one year low of $5.37 and a one year high of $11.16. The stock has a 50 day simple moving average of $6.49 and a 200-day simple moving average of $6.67.

Denny's (NASDAQ:DENN - Get Free Report) last posted its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny's had a negative return on equity of 48.64% and a net margin of 3.90%. The business had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. During the same period last year, the business posted $0.17 earnings per share. The business's revenue was down 2.1% on a year-over-year basis. Sell-side analysts anticipate that Denny's will post 0.52 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.