Brokerages Set Denny's Corporation (NASDAQ:DENN) Price Target at $7.46

Shares of Denny's Corporation (NASDAQ:DENN - Get Free Report) have received an average recommendation of "Moderate Buy" from the six ratings firms that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $7.46.

DENN has been the subject of a number of analyst reports. Oppenheimer reduced their price objective on Denny's from $7.00 to $6.00 and set an "outperform" rating for the company in a research report on Tuesday, May 6th. Citigroup cut their price target on Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a report on Thursday, April 24th.

Denny's Trading Down 4.3%

Shares of DENN traded down $0.18 on Friday, reaching $3.98. 739,026 shares of the company's stock traded hands, compared to its average volume of 913,304. The stock has a market cap of $203.98 million, a PE ratio of 12.06 and a beta of 1.65. The stock's 50 day simple moving average is $4.15 and its two-hundred day simple moving average is $4.56. Denny's has a 52-week low of $2.85 and a 52-week high of $7.73.

Denny's (NASDAQ:DENN - Get Free Report) last announced its earnings results on Monday, May 5th. The restaurant operator reported $0.08 earnings per share for the quarter, hitting analysts' consensus estimates of $0.08. Denny's had a negative return on equity of 57.90% and a net margin of 3.79%. The business had revenue of $111.64 million for the quarter, compared to analyst estimates of $110.11 million. During the same period in the prior year, the company earned $0.11 EPS. The company's quarterly revenue was up 1.5% compared to the same quarter last year. Analysts forecast that Denny's will post 0.5 earnings per share for the current year.

Institutional Investors Weigh In On Denny's

Large investors have recently bought and sold shares of the stock. CWM LLC grew its stake in Denny's by 217.7% during the 1st quarter. CWM LLC now owns 6,725 shares of the restaurant operator's stock worth $25,000 after buying an additional 4,608 shares during the last quarter. Quarry LP raised its holdings in Denny's by 178.4% during the fourth quarter. Quarry LP now owns 9,618 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 6,163 shares during the last quarter. Marshall Wace LLP acquired a new position in Denny's during the fourth quarter worth $61,000. RPO LLC purchased a new position in Denny's during the fourth quarter worth $63,000. Finally, Park Avenue Securities LLC purchased a new stake in shares of Denny's in the first quarter valued at $40,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

About Denny's

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.