Denny’s Corporation (NASDAQ:DENN) Receives $5.96 Average PT from Analysts

Denny’s Corporation (NASDAQ:DENN) has been given an average recommendation of “Hold” by the eight analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $5.9643.

DENN has been the subject of several recent research reports. Oppenheimer lowered shares of Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Denny’s in a report on Monday. Mizuho raised shares of Denny’s to a “hold” rating in a research note on Tuesday, October 28th. Benchmark cut Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Truist Financial reissued a “hold” rating and issued a $6.00 price target on shares of Denny’s in a research report on Tuesday, November 4th.

Insider Buying and Selling at Denny’s

In related news, insider Jumana Capital Investments Llc purchased 250,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were acquired at an average price of $4.08 per share, for a total transaction of $1,020,000.00. Following the purchase, the insider owned 4,524,905 shares of the company’s stock, valued at $18,461,612.40. This trade represents a 5.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders bought a total of 433,307 shares of company stock worth $1,945,837 in the last 90 days. 4.20% of the stock is currently owned by insiders.

Institutional Trading of Denny’s

Several large investors have recently added to or reduced their stakes in the stock. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Denny’s in the 1st quarter valued at $251,000. Boston Partners grew its position in Denny’s by 51.3% in the 1st quarter. Boston Partners now owns 2,521,085 shares of the restaurant operator’s stock valued at $9,250,000 after acquiring an additional 855,192 shares in the last quarter. First Eagle Investment Management LLC increased its stake in Denny’s by 6.0% during the second quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock worth $7,992,000 after purchasing an additional 110,722 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its position in shares of Denny’s by 5.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator’s stock worth $6,129,000 after purchasing an additional 81,550 shares in the last quarter. Finally, Nuveen LLC purchased a new position in shares of Denny’s in the first quarter valued at approximately $688,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Trading Down 0.2%

Shares of DENN stock opened at $6.18 on Monday. Denny’s has a twelve month low of $2.85 and a twelve month high of $7.66. The stock has a fifty day simple moving average of $5.54 and a two-hundred day simple moving average of $4.76. The stock has a market capitalization of $318.27 million, a price-to-earnings ratio of 30.90 and a beta of 1.43.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Denny’s had a net margin of 2.24% and a negative return on equity of 60.26%. The firm had revenue of $113.24 million during the quarter, compared to the consensus estimate of $116.91 million. During the same quarter in the previous year, the firm earned $0.14 earnings per share. The business’s revenue was up 202.6% compared to the same quarter last year. Research analysts predict that Denny’s will post 0.5 EPS for the current fiscal year.

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.