Stephens lowered shares of Denny’s (NASDAQ:DENN) from an overweight rating to an equal weight rating in a report issued on Wednesday, MarketBeat reports. The brokerage currently has $16.50 price objective on the restaurant operator’s stock, down from their previous price objective of $18.00.

DENN has been the topic of several other research reports. ValuEngine lowered Denny’s from a buy rating to a hold rating in a research note on Wednesday, August 8th. BidaskClub raised Denny’s from a hold rating to a buy rating in a research note on Thursday, August 23rd. Wedbush cut their target price on Denny’s from $18.50 to $17.00 and set an outperform rating on the stock in a research note on Tuesday, July 31st. Finally, Zacks Investment Research lowered Denny’s from a buy rating to a hold rating in a research note on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $17.17.

NASDAQ:DENN opened at $14.49 on Wednesday. Denny’s has a 1-year low of $11.49 and a 1-year high of $17.75. The company has a current ratio of 0.46, a quick ratio of 0.42 and a debt-to-equity ratio of -2.63. The stock has a market capitalization of $906.42 million, a price-to-earnings ratio of 22.00 and a beta of 0.48.

Denny’s (NASDAQ:DENN) last released its earnings results on Monday, July 30th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.02. Denny’s had a negative return on equity of 39.88% and a net margin of 7.56%. The firm had revenue of $157.33 million for the quarter, compared to analyst estimates of $160.75 million. During the same quarter in the prior year, the firm posted $0.14 earnings per share. The company’s quarterly revenue was up 17.9% on a year-over-year basis. research analysts anticipate that Denny’s will post 0.68 EPS for the current year.

Large investors have recently added to or reduced their stakes in the business. Koch Industries Inc. bought a new stake in shares of Denny’s in the first quarter worth about $157,000. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Denny’s in the second quarter worth about $162,000. Principal Financial Group Inc. bought a new stake in shares of Denny’s in the first quarter worth about $177,000. Robeco Institutional Asset Management B.V. bought a new stake in shares of Denny’s in the second quarter worth about $202,000. Finally, First Republic Investment Management Inc. increased its holdings in shares of Denny’s by 35.2% in the first quarter. First Republic Investment Management Inc. now owns 15,630 shares of the restaurant operator’s stock worth $241,000 after acquiring an additional 4,070 shares in the last quarter. 89.74% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Company Profile

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, CuraƧao, El Salvador, Guatemala, and the United Kingdom.

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