Denny's (NASDAQ:DENN) Upgraded at StockNews.com

Denny's (NASDAQ:DENN - Get Free Report) was upgraded by StockNews.com from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also recently weighed in on the company. Wedbush lowered their price objective on Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Oppenheimer dropped their price target on shares of Denny's from $10.00 to $7.00 and set an "outperform" rating for the company in a research report on Wednesday, October 23rd. Citigroup raised shares of Denny's from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. Benchmark lowered their target price on shares of Denny's from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Truist Financial cut their price target on Denny's from $10.00 to $8.00 and set a "buy" rating for the company in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $7.70.

Denny's Trading Up 1.7 %

DENN stock traded up $0.10 during midday trading on Tuesday, reaching $5.87. 512,091 shares of the company's stock traded hands, compared to its average volume of 601,366. Denny's has a 52-week low of $5.37 and a 52-week high of $11.16. The stock has a market cap of $301.30 million, a P/E ratio of 17.79, a PEG ratio of 1.33 and a beta of 2.02. The stock's 50-day moving average is $6.42 and its 200 day moving average is $6.50.

Denny's (NASDAQ:DENN - Get Free Report) last posted 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 negative return on equity of 48.64% and a net margin of 3.90%. The company had revenue of $111.76 million during the quarter, compared to analysts' expectations of $115.46 million. During the same quarter last year, the company earned $0.17 earnings per share. The company's revenue for the quarter was down 2.1% on a year-over-year basis. As a group, research analysts expect that Denny's will post 0.52 EPS for the current fiscal year.

Hedge Funds Weigh In On Denny's

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC boosted its holdings in shares of Denny's by 6.9% during 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. First Eagle Investment Management LLC boosted its stake in Denny's by 14.1% during the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator's stock valued at $8,938,000 after buying an additional 155,100 shares during the last quarter. Access Investment Management LLC purchased a new position in Denny's during the 3rd quarter valued at approximately $1,387,000. Intech Investment Management LLC purchased a new stake in shares of Denny's during the 3rd quarter worth approximately $83,000. Finally, AQR Capital Management LLC boosted its position in shares of Denny's by 63.8% during the 2nd quarter. AQR Capital Management LLC now owns 216,694 shares of the restaurant operator's stock valued at $1,539,000 after acquiring an additional 84,371 shares during the last quarter. Institutional investors own 85.07% of the company's stock.

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.