Denny’s (DENN) Upgraded at Stephens
Stephens upgraded shares of Denny’s (NASDAQ:DENN) from an equal rating to a weight rating in a research report sent to investors on Wednesday morning, Marketbeat reports. They currently have $17.00 target price on the restaurant operator’s stock, up from their previous target price of $16.50.
A number of other research analysts also recently commented on DENN. BidaskClub downgraded Denny’s from a buy rating to a hold rating in a research note on Thursday, July 26th. Wedbush lowered 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. ValuEngine downgraded Denny’s from a buy rating to a hold rating in a research note on Wednesday, August 8th. Finally, Zacks Investment Research downgraded Denny’s from a buy rating to a hold rating in a research note on Thursday, August 2nd. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Denny’s presently has a consensus rating of Buy and a consensus price target of $17.33.
Shares of NASDAQ DENN opened at $16.74 on Wednesday. Denny’s has a one year low of $12.09 and a one year high of $18.16. The stock has a market capitalization of $1.05 billion, a price-to-earnings ratio of 24.62 and a beta of 0.14.
Large investors have recently made changes to their positions in the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Denny’s in the second quarter worth about $162,000. Principal Financial Group Inc. acquired a new stake in shares of Denny’s in the first quarter worth about $177,000. Robeco Institutional Asset Management B.V. acquired a new stake in shares of Denny’s in the second quarter worth about $202,000. Cornerstone Wealth Management LLC acquired a new stake in shares of Denny’s in the second quarter worth about $300,000. Finally, Mesirow Financial Investment Management Inc. lifted its position in shares of Denny’s by 41.3% in the third quarter. Mesirow Financial Investment Management Inc. now owns 21,709 shares of the restaurant operator’s stock worth $320,000 after buying an additional 6,341 shares during the last quarter. 89.74% of the stock is owned by institutional investors.
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, Curaçao, El Salvador, Guatemala, and the United Kingdom.
Featured Story: What is a Call Option?
Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.