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

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Shares of Denny's Co. (NASDAQ:DENN - Get Free Report) have been given an average rating of "Moderate Buy" by the six research firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $7.75.

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

Get Our Latest Stock Report on DENN

Insider Transactions at Denny's

In other news, EVP Stephen C. Dunn bought 9,815 shares of the stock in a transaction dated Wednesday, February 26th. The stock was purchased 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. The trade was a 9.45 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Kelli Valade purchased 9,700 shares of Denny's stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of $5.13 per share, for a total transaction of $49,761.00. Following the transaction, the chief executive officer now directly owns 192,806 shares of the company's stock, valued at $989,094.78. The trade was a 5.30 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 20,465 shares of company stock valued at $104,457. 4.20% of the stock is currently owned by insiders.

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Hedge Funds Weigh In On Denny's

Institutional investors have recently bought and sold shares of the business. Boston Partners lifted its holdings in shares of Denny's by 2,820.6% in the 4th quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator's stock valued at $10,081,000 after acquiring an additional 1,608,854 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Denny's by 73.2% during the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator's stock valued at $8,908,000 after purchasing an additional 583,660 shares during the period. Russell Investments Group Ltd. boosted its holdings in shares of Denny's by 99.7% in the 4th quarter. Russell Investments Group Ltd. now owns 1,138,473 shares of the restaurant operator's stock worth $6,888,000 after purchasing an additional 568,266 shares during the period. First Eagle Investment Management LLC boosted its holdings in shares of Denny's by 19.7% in the 4th quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator's stock worth $10,077,000 after purchasing an additional 274,459 shares during the period. Finally, Wellington Management Group LLP increased its position in shares of Denny's by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator's stock valued at $9,432,000 after purchasing an additional 267,694 shares during the last quarter. Institutional investors own 85.07% of the company's stock.

Denny's Stock Performance

Shares of NASDAQ DENN traded up $0.01 during trading on Friday, hitting $4.14. The company had a trading volume of 1,242,731 shares, compared to its average volume of 750,204. Denny's has a 12 month low of $4.00 and a 12 month high of $9.36. The firm has a market capitalization of $213.67 million, a P/E ratio of 10.10 and a beta of 2.08. The stock has a 50 day simple moving average of $5.71 and a 200 day simple moving average of $6.13.

Denny's (NASDAQ:DENN - Get Free Report) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Denny's had a negative return on equity of 50.01% and a net margin of 4.77%. As a group, analysts predict that Denny's will post 0.5 EPS for the current year.

Denny's Company Profile

(Get Free Report

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.

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Analyst Recommendations for Denny's (NASDAQ:DENN)

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