Denny's Co. (NASDAQ:DENN - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $6.35 and traded as high as $6.58. Denny's shares last traded at $6.34, with a volume of 829,171 shares.
Analyst Ratings Changes
A number of equities analysts have recently commented on DENN shares. Truist Financial reduced their price objective 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. Citigroup upgraded Denny's from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. StockNews.com cut shares of Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Benchmark decreased their price objective on shares of Denny's from $15.00 to $10.00 and set a "buy" rating for the company in a research report on Friday, October 25th. Finally, Oppenheimer upped their target price on shares of Denny's from $7.00 to $8.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Denny's currently has an average rating of "Moderate Buy" and an average price target of $7.90.
Get Our Latest Report on Denny's
Denny's Trading Up 5.8 %
The stock's 50 day moving average is $6.14 and its 200 day moving average is $6.34. The firm has a market cap of $339.80 million, a price-to-earnings ratio of 20.06, a price-to-earnings-growth ratio of 1.21 and a beta of 2.02.
Institutional Trading of Denny's
Several institutional investors have recently added to or reduced their stakes in DENN. Sanctuary Advisors LLC acquired a new stake in shares of Denny's during the second quarter worth $77,000. FMR LLC increased its position in Denny's by 95.2% during the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator's stock worth $79,000 after acquiring an additional 5,970 shares during the period. Intech Investment Management LLC acquired a new stake in Denny's in the 3rd quarter worth about $83,000. Entropy Technologies LP bought a new stake in Denny's in the 3rd quarter valued at about $86,000. Finally, SG Americas Securities LLC acquired a new position in shares of Denny's during the 3rd quarter worth approximately $120,000. 85.07% of the stock is currently owned by institutional investors.
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.
See Also
Before you consider Denny's, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Denny's wasn't on the list.
While Denny's currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
