Denny’s Co. (NASDAQ:DENN) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Denny’s Co. (NASDAQ:DENN) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.92.

Several research firms have weighed in on DENN. Wedbush cut their price objective on Denny’s from $11.00 to $10.50 and set a “neutral” rating on the stock in a research report on Wednesday, February 14th. Oppenheimer decreased their price objective on shares of Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. StockNews.com upgraded shares of Denny’s from a “hold” rating to a “buy” rating in a research note on Wednesday, March 13th. Finally, Truist Financial decreased their price target on shares of Denny’s from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th.

Insider Activity

In related news, Director John C. Miller sold 35,359 shares of the firm’s stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $9.25, for a total value of $327,070.75. Following the completion of the transaction, the director now directly owns 740,626 shares of the company’s stock, valued at approximately $6,850,790.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 5.80% of the company’s stock.

Institutional Trading of Denny’s

A number of institutional investors have recently added to or reduced their stakes in the stock. Quantbot Technologies LP purchased a new stake in shares of Denny’s in the first quarter worth about $29,000. Metropolitan Life Insurance Co NY grew its position in shares of Denny’s by 31.4% during the 4th quarter. Metropolitan Life Insurance Co NY now owns 3,535 shares of the restaurant operator’s stock valued at $33,000 after purchasing an additional 844 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Denny’s by 100.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,317 shares of the restaurant operator’s stock worth $41,000 after purchasing an additional 1,665 shares during the period. First Horizon Advisors Inc. raised its position in shares of Denny’s by 37.3% in the first quarter. First Horizon Advisors Inc. now owns 3,920 shares of the restaurant operator’s stock worth $44,000 after buying an additional 1,065 shares in the last quarter. Finally, Quadrant Capital Group LLC boosted its stake in Denny’s by 126.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 2,536 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Stock Up 4.9 %

Shares of Denny’s stock opened at $9.06 on Friday. The company has a market cap of $481.09 million, a PE ratio of 25.89, a price-to-earnings-growth ratio of 1.48 and a beta of 1.94. Denny’s has a 52 week low of $8.11 and a 52 week high of $12.53. The business has a 50 day moving average price of $9.67 and a 200-day moving average price of $9.54.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). Denny’s had a net margin of 4.30% and a negative return on equity of 70.78%. The company had revenue of $115.40 million for the quarter, compared to the consensus estimate of $115.67 million. During the same quarter last year, the business posted $0.18 earnings per share. Denny’s’s revenue was down 4.5% on a year-over-year basis. As a group, research analysts anticipate that Denny’s will post 0.64 EPS for the current year.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.