Wedbush Cuts Denny's (NASDAQ:DENN) Price Target to $8.50

Denny's (NASDAQ:DENN - Get Free Report) had its price target decreased by equities research analysts at Wedbush from $10.00 to $8.50 in a research note issued to investors on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the restaurant operator's stock. Wedbush's price objective would indicate a potential upside of 74.90% from the stock's current price. Wedbush also issued estimates for Denny's' Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.53 EPS.

Other equities research analysts have also recently issued research reports about the stock. Truist Financial reduced their price target on shares of Denny's from $10.00 to $8.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Citigroup upgraded shares of Denny's from a "neutral" rating to a "buy" rating and boosted their target price for the stock from $7.00 to $7.50 in a report on Friday, October 25th. Oppenheimer increased their price target on shares of Denny's from $7.00 to $8.00 and gave the company an "outperform" rating in a report on Tuesday, January 7th. StockNews.com cut Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Benchmark lowered their price objective on Denny's from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Friday, October 25th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $8.10.

Denny's Stock Down 9.5 %

DENN stock traded down $0.51 during mid-day trading on Thursday, hitting $4.86. The company had a trading volume of 3,878,851 shares, compared to its average volume of 821,464. The company has a market capitalization of $249.46 million, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.27 and a beta of 2.02. The company has a 50-day moving average price of $6.11 and a 200 day moving average price of $6.27. Denny's has a 12-month low of $4.82 and a 12-month high of $9.56.

Denny's (NASDAQ:DENN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Denny's had a negative return on equity of 48.64% and a net margin of 3.90%. As a group, analysts expect that Denny's will post 0.52 EPS for the current year.

Institutional Trading of Denny's

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its position 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 during the period. Boston Partners boosted its holdings in Denny's by 2,820.6% during the 4th quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator's stock valued at $10,081,000 after acquiring an additional 1,608,854 shares during the period. First Eagle Investment Management LLC boosted its holdings in Denny's by 19.7% during the 4th quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator's stock valued at $10,077,000 after acquiring an additional 274,459 shares during the period. Wellington Management Group LLP grew its position in Denny's by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator's stock valued at $9,432,000 after acquiring an additional 267,694 shares during the last quarter. Finally, Hotchkis & Wiley Capital Management LLC increased its stake in Denny's by 73.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator's stock worth $8,908,000 after purchasing an additional 583,660 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny's Company Profile

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.