Denny's Co. (NASDAQ:DENN) Receives $10.40 Consensus Price Target from Brokerages

Denny's Co. (NASDAQ:DENN - Get Free Report) has received an average recommendation of "Moderate Buy" from the five research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $10.40.

A number of brokerages have weighed in on DENN. Truist Financial lowered their price target on Denny's from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Oppenheimer decreased their target price on Denny's from $11.00 to $10.00 and set an "outperform" rating on the stock in a report on Wednesday, July 31st. Benchmark reaffirmed a "buy" rating and set a $15.00 price target on shares of Denny's in a report on Wednesday, July 31st. Finally, Wedbush reduced their price objective on shares of Denny's from $8.50 to $8.00 and set a "neutral" rating for the company in a research report on Wednesday, July 31st.

Denny's Stock Up 8.7 %

Shares of NASDAQ:DENN traded up $0.51 during midday trading on Friday, hitting $6.37. The stock had a trading volume of 1,144,626 shares, compared to its average volume of 447,365. The company has a market cap of $327.23 million, a P/E ratio of 14.81, a PEG ratio of 1.19 and a beta of 2.02. Denny's has a 12 month low of $5.59 and a 12 month high of $11.16. The business's 50-day simple moving average is $6.52 and its 200-day simple moving average is $7.45.

Denny's (NASDAQ:DENN - Get Free Report) last announced its quarterly earnings results on Tuesday, July 30th. The restaurant operator reported $0.13 EPS for the quarter, missing analysts' consensus estimates of $0.17 by ($0.04). The firm had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.98 million. Denny's had a net margin of 4.19% and a negative return on equity of 57.37%. The business's revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. As a group, equities analysts predict that Denny's will post 0.55 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DENN. Vanguard Group Inc. boosted its position in shares of Denny's by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator's stock valued at $29,885,000 after acquiring an additional 89,465 shares during the period. First Eagle Investment Management LLC increased its holdings in shares of Denny's by 15.3% during the first quarter. First Eagle Investment Management LLC now owns 1,103,727 shares of the restaurant operator's stock worth $9,889,000 after purchasing an additional 146,658 shares during the period. Boston Partners acquired a new stake in shares of Denny's in the first quarter valued at approximately $193,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Denny's by 56.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 122,850 shares of the restaurant operator's stock valued at $1,102,000 after buying an additional 44,163 shares during the period. Finally, Quest Partners LLC bought a new stake in shares of Denny's in the fourth quarter valued at approximately $96,000. 85.07% of the stock is owned by institutional investors and hedge funds.

About Denny's

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.