Denny's (NASDAQ:DENN) Price Target Raised to $8.00 at Oppenheimer

Denny's (NASDAQ:DENN - Free Report) had its price target hoisted by Oppenheimer from $7.00 to $8.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator's stock.

A number of other brokerages have also issued reports on DENN. StockNews.com raised Denny's from a "hold" rating to a "buy" rating in a research note on Tuesday, December 24th. Benchmark reduced their target price on Denny's from $15.00 to $10.00 and set a "buy" rating for the company in a report on Friday, October 25th. Wedbush dropped their target price on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. Citigroup raised shares of Denny's from a "neutral" rating to a "buy" rating and raised their price objective for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. Finally, Truist Financial cut 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, October 28th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $7.90.

Denny's Stock Down 3.9 %

NASDAQ DENN traded down $0.25 during trading hours on Tuesday, hitting $6.15. The company had a trading volume of 572,301 shares, compared to its average volume of 693,798. The firm has a market cap of $315.67 million, a P/E ratio of 18.64, a price-to-earnings-growth ratio of 1.33 and a beta of 2.01. Denny's has a fifty-two week low of $5.37 and a fifty-two week high of $11.16. The business has a fifty day simple moving average of $6.36 and a 200-day simple moving average of $6.46.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings data 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). Denny's had a net margin of 3.90% and a negative return on equity of 48.64%. The firm had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. During the same quarter in the prior year, the business earned $0.17 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. Equities analysts forecast that Denny's will post 0.52 EPS for the current fiscal year.

Institutional Trading of Denny's

Institutional investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Denny's by 244.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator's stock valued at $489,000 after acquiring an additional 53,763 shares in the last quarter. Barclays PLC raised its holdings in Denny's by 342.5% in the 3rd quarter. Barclays PLC now owns 82,257 shares of the restaurant operator's stock worth $531,000 after acquiring an additional 63,668 shares during the period. Geode Capital Management LLC boosted its holdings in Denny's by 0.3% during the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator's stock valued at $7,618,000 after acquiring an additional 3,902 shares during the period. XTX Topco Ltd grew its position in shares of Denny's by 588.2% in the third quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator's stock valued at $564,000 after purchasing an additional 74,760 shares during the last quarter. Finally, State Street Corp grew its holdings in Denny's by 0.3% in the 3rd quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator's stock valued at $7,585,000 after buying an additional 3,142 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

About Denny's

Denny's Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny's and Other segments. The Denny's segment includes the results of all company and franchised and licensed Denny's restaurants. The Other segment refers to the results of all company and franchise restaurants.