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

Shares of Denny's Co. (NASDAQ:DENN - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five research firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $7.70.

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

Institutional Trading of Denny's

Large investors have recently added to or reduced their stakes in the business. Quest Partners LLC purchased a new position in shares of Denny's during the 2nd quarter worth $25,000. CWM LLC raised its holdings 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 purchasing an additional 3,239 shares during the period. Quarry LP lifted its position in Denny's by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator's stock valued at $30,000 after purchasing an additional 2,617 shares in the last quarter. Canada Pension Plan Investment Board purchased a new stake in Denny's in the second quarter worth about $31,000. Finally, Sanctuary Advisors LLC purchased a new stake in Denny's in the second quarter worth about $77,000. 85.07% of the stock is currently owned by institutional investors.

Denny's Price Performance

DENN stock traded up $0.03 during trading on Thursday, hitting $6.36. 964,776 shares of the stock traded hands, compared to its average volume of 596,789. Denny's has a 1 year low of $5.37 and a 1 year high of $11.16. The firm's 50 day moving average is $6.49 and its two-hundred day moving average is $6.67. The stock has a market cap of $326.45 million, a price-to-earnings ratio of 19.27, a price-to-earnings-growth ratio of 1.42 and a beta of 2.02.

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