Denny’s Co. (NASDAQ:DENN) has received an average recommendation of “Buy” from the twelve brokerages that are covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $18.22.
Several research firms have recently weighed in on DENN. Zacks Investment Research downgraded Denny’s from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 1st. Truist upgraded Denny’s from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $17.00 to $18.00 in a research report on Thursday, October 21st. Truist Securities upgraded Denny’s from a “hold” rating to a “buy” rating and dropped their price target for the company from $19.13 to $18.00 in a research report on Thursday, October 21st. Wedbush decreased their price target on Denny’s from $21.00 to $20.00 and set an “outperform” rating for the company in a research note on Thursday, October 28th. Finally, Benchmark initiated coverage on Denny’s in a research report on Thursday, December 2nd. They issued a “buy” rating and a $19.00 price target for the company.
In other Denny’s news, Director Donald C. Robinson sold 15,938 shares of Denny’s stock in a transaction dated Monday, November 8th. The stock was sold at an average price of $16.01, for a total transaction of $255,167.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 5.30% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Denny’s by 79.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,863 shares of the restaurant operator’s stock valued at $97,000 after acquiring an additional 2,594 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in Denny’s in the third quarter valued at approximately $168,000. Fox Run Management L.L.C. purchased a new stake in Denny’s in the second quarter valued at approximately $177,000. Marshall Wace LLP purchased a new stake in Denny’s in the third quarter valued at approximately $176,000. Finally, Amalgamated Bank purchased a new stake in shares of Denny’s during the second quarter worth $183,000. Institutional investors own 85.41% of the company’s stock.
DENN stock opened at $14.81 on Tuesday. The company has a market cap of $938.75 million, a PE ratio of 25.98, a price-to-earnings-growth ratio of 3.25 and a beta of 1.69. The business has a 50-day simple moving average of $15.08 and a 200 day simple moving average of $15.70. Denny’s has a 52 week low of $13.14 and a 52 week high of $20.02.
Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, November 2nd. The restaurant operator reported $0.16 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. The business had revenue of $103.79 million for the quarter, compared to analysts’ expectations of $110.77 million. Denny’s had a negative return on equity of 18.57% and a net margin of 9.98%. During the same period in the prior year, the business posted $0.01 earnings per share. As a group, analysts anticipate that Denny’s will post 0.51 EPS for the current fiscal year.
About Denny’s
Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It offers offers a wide selection of lunch and dinner items including burgers, sandwiches, salads and skillet entrées, along with an assortment of beverages, appetizers, and desserts. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.