Denny's Co. (NASDAQ:DENN) Receives Average Rating of "Moderate Buy" from Brokerages

Denny's Co. (NASDAQ:DENN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $7.70.

Several equities research analysts have recently weighed in on DENN shares. Truist Financial decreased their price target on Denny's from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Benchmark decreased their target price 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. 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 decreased 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. Finally, StockNews.com lowered Denny's from a "buy" rating to a "hold" rating in a research note on Thursday.

Institutional Investors Weigh In On Denny's

Hedge funds have recently added to or reduced their stakes in the company. Quest Partners LLC bought a new stake in shares of Denny's in the 2nd quarter worth approximately $25,000. CWM LLC boosted its position in Denny's by 726.2% during the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator's stock valued at $26,000 after buying an additional 3,239 shares during the period. Quarry LP increased its holdings in shares of Denny's by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator's stock worth $30,000 after buying an additional 2,617 shares during the period. Canada Pension Plan Investment Board bought a new stake in shares of Denny's in the 2nd quarter valued at about $31,000. Finally, Sanctuary Advisors LLC purchased a new stake in Denny's during the 2nd quarter valued at about $77,000. Institutional investors own 85.07% of the company's stock.

Denny's Stock Performance

Denny's stock traded up $0.10 during mid-day trading on Friday, reaching $6.51. The company's stock had a trading volume of 444,134 shares, compared to its average volume of 724,885. The firm's fifty day moving average price is $6.35 and its two-hundred day moving average price is $6.86. Denny's has a 12-month low of $5.37 and a 12-month high of $11.16. The company has a market capitalization of $334.16 million, a P/E ratio of 19.73, a PEG ratio of 1.36 and a beta of 2.02.

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