Denny's (NASDAQ:DENN) Stock Rating Lowered by StockNews.com

Denny's (NASDAQ:DENN - Get Free Report) was downgraded by research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued to investors on Thursday.

Several other equities analysts have also recently commented on the stock. Truist Financial lowered their target price on shares of Denny's from $10.00 to $8.00 and set a "buy" rating on the stock in a research note on Monday. Citigroup raised shares of Denny's from a "neutral" rating to a "buy" rating and lifted their price objective for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. Oppenheimer lowered their price objective on shares of Denny's from $10.00 to $7.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 23rd. Wedbush lowered their price objective on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Finally, Benchmark lowered their price objective 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $7.70.

Denny's Stock Down 3.2 %

Denny's stock traded down $0.21 during trading hours on Thursday, hitting $6.41. 498,565 shares of the company traded hands, compared to its average volume of 583,435. The firm has a market cap of $329.31 million, a P/E ratio of 14.91, a P/E/G ratio of 1.38 and a beta of 2.02. The firm's 50-day simple moving average is $6.34 and its two-hundred day simple moving average is $6.88. Denny's has a 1-year low of $5.37 and a 1-year high of $11.16.

Denny's (NASDAQ:DENN - Get Free Report) last released its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). The company had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. Denny's had a net margin of 3.90% and a negative return on equity of 48.06%. The firm's quarterly revenue was down 2.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.17 EPS. On average, equities research analysts predict that Denny's will post 0.53 earnings per share for the current year.

Institutional Trading of Denny's

Several large investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its holdings in shares of Denny's by 6.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator's stock valued at $55,693,000 after buying an additional 558,964 shares in the last quarter. Vanguard Group Inc. boosted its position in Denny's by 2.8% during the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator's stock worth $29,885,000 after acquiring an additional 89,465 shares during the period. First Eagle Investment Management LLC grew its stake in Denny's by 14.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator's stock valued at $8,938,000 after acquiring an additional 155,100 shares in the last quarter. Olstein Capital Management L.P. increased its holdings in shares of Denny's by 2.2% in the 3rd quarter. Olstein Capital Management L.P. now owns 916,400 shares of the restaurant operator's stock valued at $5,911,000 after purchasing an additional 20,000 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Denny's by 1,487.7% in the second quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator's stock worth $3,774,000 after purchasing an additional 498,051 shares in the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

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.