Denny's Co. (NASDAQ:DENN) Receives $7.63 Average PT from Analysts

Shares of Denny's Co. (NASDAQ:DENN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $7.63.

A number of equities research analysts have issued reports on DENN shares. Wedbush cut their price objective on shares of Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a report on Thursday, February 13th. StockNews.com downgraded Denny's from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Citigroup decreased their price target on shares of Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a research report on Thursday. Piper Sandler decreased their target price on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Oppenheimer decreased their price target on shares of Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a report on Thursday, February 13th.

Insider Activity

In related news, EVP Stephen C. Dunn purchased 9,815 shares of the company's stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.08 per share, for a total transaction of $49,860.20. Following the transaction, the executive vice president now owns 113,666 shares of the company's stock, valued at $577,423.28. This represents a 9.45 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Kelli Valade acquired 9,700 shares of the stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $5.13 per share, for a total transaction of $49,761.00. Following the purchase, the chief executive officer now directly owns 192,806 shares in the company, valued at approximately $989,094.78. The trade was a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought 20,465 shares of company stock valued at $104,457 in the last three months. Corporate insiders own 4.20% of the company's stock.

Hedge Funds Weigh In On Denny's

Several hedge funds have recently bought and sold shares of DENN. Vontobel Holding Ltd. bought a new position in Denny's during the first quarter worth about $60,000. Skylands Capital LLC boosted its holdings in Denny's by 30.8% in the first quarter. Skylands Capital LLC now owns 745,620 shares of the restaurant operator's stock valued at $2,736,000 after acquiring an additional 175,620 shares during the last quarter. North Star Investment Management Corp. lifted its stake in Denny's by 44.8% in the first quarter. North Star Investment Management Corp. now owns 21,000 shares of the restaurant operator's stock valued at $77,000 after buying an additional 6,500 shares during the period. Olstein Capital Management L.P. raised its position in shares of Denny's by 6.2% during the first quarter. Olstein Capital Management L.P. now owns 973,000 shares of the restaurant operator's stock worth $3,571,000 after purchasing an additional 56,600 shares during the period. Finally, Park Avenue Securities LLC acquired a new stake in Denny's in the 1st quarter valued at approximately $40,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Denny's Trading Up 1.1 %

NASDAQ DENN traded up $0.04 on Friday, hitting $3.62. The company's stock had a trading volume of 633,915 shares, compared to its average volume of 899,807. Denny's has a 52-week low of $2.85 and a 52-week high of $8.30. The company's 50-day simple moving average is $3.86 and its 200 day simple moving average is $5.41. The firm has a market cap of $186.34 million, a P/E ratio of 8.83 and a beta of 1.87.

Denny's (NASDAQ:DENN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Denny's had a net margin of 4.77% and a negative return on equity of 50.01%. On average, research analysts forecast that Denny's will post 0.5 EPS for the current fiscal year.

Denny's Company Profile

Denny's Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny's and Other segments. The Denny's segment includes the results of all company and franchised and licensed Denny's restaurants. The Other segment refers to the results of all company and franchise restaurants.