Denny's (NASDAQ:DENN) Price Target Cut to $8.00

Denny's (NASDAQ:DENN - Free Report) had its price objective cut by Truist Financial from $10.00 to $8.00 in a report released on Monday morning, Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

A number of other equities research analysts have also weighed in on the stock. Wedbush reduced their price target on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Wednesday, October 23rd. Oppenheimer decreased their target price 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. StockNews.com upgraded Denny's from a "hold" rating to a "buy" rating in a research report on Wednesday, October 23rd. Benchmark lowered their price target on shares of Denny's from $15.00 to $10.00 and set a "buy" rating on the stock in a report on Friday. Finally, Citigroup upgraded Denny's from a "neutral" rating to a "buy" rating and lifted their price target for the company from $7.00 to $7.50 in a research note on Friday. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, Denny's currently has a consensus rating of "Moderate Buy" and a consensus price target of $7.70.

Denny's Stock Up 2.1 %

DENN traded up $0.14 on Monday, reaching $6.70. 636,695 shares of the company traded hands, compared to its average volume of 584,943. The company has a market cap of $344.18 million, a P/E ratio of 20.30, a price-to-earnings-growth ratio of 1.38 and a beta of 2.02. The firm has a fifty day simple moving average of $6.32 and a two-hundred day simple moving average of $6.90. Denny's has a one year low of $5.37 and a one year high of $11.16.

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

Hedge Funds Weigh In On Denny's

Several hedge funds and other institutional investors have recently made changes to their positions in DENN. Allspring Global Investments Holdings LLC raised its stake in 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 worth $55,693,000 after acquiring an additional 558,964 shares in the last quarter. Millennium Management LLC increased its position in shares of Denny's by 1,487.7% during 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. First Eagle Investment Management LLC increased its position in shares of 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 worth $8,938,000 after purchasing an additional 155,100 shares in the last quarter. Skylands Capital LLC lifted its holdings in shares of Denny's by 143.7% in the 2nd quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator's stock valued at $1,839,000 after purchasing an additional 152,700 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Denny's by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator's stock valued at $29,885,000 after purchasing an additional 89,465 shares during the period. Hedge funds and other 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.