Denny's (NASDAQ:DENN) Price Target Cut to $7.00 by Analysts at Citigroup

Denny's (NASDAQ:DENN - Get Free Report) had its price target cut by Citigroup from $8.00 to $7.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has a "buy" rating on the restaurant operator's stock. Citigroup's target price would indicate a potential upside of 44.03% from the company's current price.

A number of other research analysts also recently issued reports on the stock. Truist Financial decreased their price target on shares of Denny's from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, October 28th. StockNews.com cut shares of Denny's from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Oppenheimer dropped their target price on Denny's from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Thursday. Wedbush decreased their price target on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a report on Thursday. Finally, Benchmark lowered their price objective on Denny's from $15.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat, Denny's has an average rating of "Moderate Buy" and an average price target of $8.10.

Denny's Stock Performance

Shares of Denny's stock traded down $0.51 during trading hours on Thursday, reaching $4.86. 3,878,851 shares of the company were exchanged, compared to its average volume of 821,464. The firm has a market cap of $249.46 million, a PE ratio of 14.73, a PEG ratio of 1.27 and a beta of 2.02. The stock's fifty day moving average is $6.11 and its 200 day moving average is $6.27. Denny's has a 1 year low of $4.82 and a 1 year high of $9.56.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. 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%. Research analysts expect that Denny's will post 0.52 earnings per share for the current year.

Hedge Funds Weigh In On Denny's

Several large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company raised its holdings in shares of Denny's by 8.7% in the second quarter. The Manufacturers Life Insurance Company now owns 21,130 shares of the restaurant operator's stock valued at $150,000 after buying an additional 1,694 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in Denny's in the 2nd quarter valued at about $77,000. SG Americas Securities LLC purchased a new stake in Denny's during the 3rd quarter valued at approximately $120,000. Creative Planning lifted its position in Denny's by 6.4% during the 3rd quarter. Creative Planning now owns 37,669 shares of the restaurant operator's stock worth $243,000 after acquiring an additional 2,273 shares during the period. Finally, Allspring Global Investments Holdings LLC grew its stake in shares of Denny's by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator's stock valued at $55,693,000 after purchasing an additional 558,964 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

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.