Denny's Co. (NASDAQ:DENN) Receives Average Recommendation of "Moderate Buy" from Analysts

Shares of Denny's Co. (NASDAQ:DENN - Get Free Report) have been given an average recommendation of "Moderate Buy" by the five brokerages that are covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $7.70.

A number of research analysts recently commented on the company. Truist Financial decreased their price target on Denny's from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Benchmark decreased their target price on shares of Denny's from $15.00 to $10.00 and set a "buy" rating on the stock in a report on Friday, October 25th. Oppenheimer cut their price target on shares of Denny's from $10.00 to $7.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Citigroup upgraded shares of Denny's from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Finally, Wedbush lowered their price objective on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd.

Institutional Investors Weigh In On Denny's

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC boosted its position in Denny's by 6.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator's stock valued at $55,693,000 after buying an additional 558,964 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Denny's by 73.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator's stock valued at $8,908,000 after acquiring an additional 583,660 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in shares of Denny's by 14.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator's stock valued at $8,938,000 after acquiring an additional 155,100 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Denny's by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator's stock valued at $7,618,000 after acquiring an additional 3,902 shares in the last quarter. Finally, State Street Corp grew its position in Denny's by 0.3% during the 3rd quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator's stock worth $7,585,000 after acquiring an additional 3,142 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Denny's Trading Down 1.7 %

NASDAQ DENN traded down $0.10 during trading on Monday, reaching $5.77. The company's stock had a trading volume of 676,623 shares, compared to its average volume of 601,727. The firm has a 50 day moving average price of $6.43 and a 200 day moving average price of $6.51. Denny's has a 12 month low of $5.37 and a 12 month high of $11.16. The firm has a market capitalization of $296.17 million, a price-to-earnings ratio of 17.48, a price-to-earnings-growth ratio of 1.33 and a beta of 2.01.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The company had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. Denny's had a negative return on equity of 48.64% and a net margin of 3.90%. The company's quarterly revenue was down 2.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.17 EPS. On average, equities analysts forecast that Denny's will post 0.52 EPS for the current fiscal year.

About Denny's

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.