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

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

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

Insider Activity

In other news, insider Jumana Capital Investments Llc acquired 250,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $4.08 per share, for a total transaction of $1,020,000.00. Following the acquisition, the insider directly owned 4,524,905 shares in the company, valued at approximately $18,461,612.40. This represents a 5.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Over the last three months, insiders have acquired 433,307 shares of company stock worth $1,945,837. 4.20% of the stock is owned by insiders.

Institutional Trading of Denny’s

A number of institutional investors have recently modified their holdings of the company. Boston Partners increased its position in Denny’s by 56.7% during the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock worth $16,196,000 after purchasing an additional 1,430,102 shares in the last quarter. First Eagle Investment Management LLC lifted its position in Denny’s by 6.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock worth $7,992,000 after acquiring an additional 110,722 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Denny’s by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock worth $5,090,000 after purchasing an additional 13,816 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Denny’s by 9.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,184,952 shares of the restaurant operator’s stock valued at $4,858,000 after purchasing an additional 98,654 shares during the period. Finally, Skylands Capital LLC grew its holdings in Denny’s by 12.4% during the 3rd quarter. Skylands Capital LLC now owns 932,050 shares of the restaurant operator’s stock valued at $4,875,000 after purchasing an additional 102,458 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Stock Performance

Denny’s stock opened at $6.22 on Friday. 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 capitalization of $320.33 million, a price-to-earnings ratio of 31.10 and a beta of 1.37. The stock’s fifty day moving average is $6.01 and its two-hundred day moving average is $5.05.

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

About Denny’s

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.