Denny's Corporation (NASDAQ:DENN) Given Average Rating of "Moderate Buy" by Analysts

Denny's Corporation (NASDAQ:DENN - Get Free Report) has been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $7.46.

Several research analysts have recently issued reports on DENN shares. Oppenheimer decreased their price target on Denny's from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Citigroup cut their price objective on Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a report on Thursday, April 24th.

Institutional Investors Weigh In On Denny's

Several hedge funds have recently modified their holdings of the stock. Price T Rowe Associates Inc. MD lifted its holdings in shares of Denny's by 4.0% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 63,166 shares of the restaurant operator's stock valued at $383,000 after purchasing an additional 2,408 shares during the last quarter. XTX Topco Ltd lifted its holdings in shares of Denny's by 6.8% during the first quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator's stock valued at $150,000 after purchasing an additional 2,601 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Denny's by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 759,837 shares of the restaurant operator's stock valued at $4,597,000 after purchasing an additional 3,538 shares during the last quarter. CWM LLC lifted its holdings in shares of Denny's by 217.7% during the first quarter. CWM LLC now owns 6,725 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 4,608 shares during the last quarter. Finally, Quarry LP lifted its holdings in shares of Denny's by 178.4% during the fourth quarter. Quarry LP now owns 9,618 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 6,163 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny's Stock Performance

NASDAQ:DENN opened at $4.22 on Friday. Denny's has a 1 year low of $2.85 and a 1 year high of $7.73. The stock has a market cap of $216.28 million, a price-to-earnings ratio of 12.79 and a beta of 1.65. The business has a fifty day moving average of $4.15 and a 200-day moving average of $4.59.

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

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