Denny’s Corporation (NASDAQ:DENN) Receives $5.96 Consensus Target Price from Analysts

Denny’s Corporation (NASDAQ:DENN) has been given a consensus rating of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $5.9643.

DENN has been the topic of a number of analyst reports. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Denny’s in a research note on Monday, December 29th. Benchmark cut shares of Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Truist Financial reiterated a “hold” rating and set a $6.00 price target on shares of Denny’s in a report on Tuesday, November 4th. Mizuho raised shares of Denny’s to a “hold” rating in a report on Tuesday, October 28th. Finally, Oppenheimer cut shares of Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th.

Institutional Trading of Denny’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bank of Montreal Can bought a new position in Denny’s in the 2nd quarter worth $48,000. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Denny’s during the third quarter valued at about $52,000. BNP Paribas Financial Markets raised its stake in Denny’s by 109.1% in the third quarter. BNP Paribas Financial Markets now owns 10,408 shares of the restaurant operator’s stock worth $54,000 after buying an additional 5,431 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Denny’s in the third quarter worth about $58,000. Finally, Wealth Enhancement Advisory Services LLC bought a new stake in Denny’s during the 2nd quarter valued at approximately $67,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Stock Performance

Shares of DENN opened at $6.25 on Tuesday. Denny’s has a fifty-two week low of $2.85 and a fifty-two week high of $7.66. The firm has a market cap of $321.62 million, a price-to-earnings ratio of 31.23 and a beta of 1.37. The firm has a 50 day moving average price of $6.22 and a 200-day moving average price of $5.33.

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

Denny’s Company Profile

Denny’s Corporation operates one of the largest full-service, family‐style restaurant chains in the United States, specializing in classic American diner fare. The company’s menu features breakfast, lunch and dinner offerings served around the clock, with signature items such as the Grand Slam breakfast, burgers, sandwiches and a variety of savory skillets. As a publicly traded entity under the symbol DENN on NASDAQ, Denny’s focuses on providing an accessible dining experience for a broad customer base, including families, travelers and late‐night diners.

The company’s business model combines both franchised and company‐owned locations.