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

Denny's logo with Retail/Wholesale background

Key Points

  • Denny's Corporation has received an average rating of "Moderate Buy" from six research firms, with one hold rating and five buy ratings.
  • The company's latest quarterly earnings report revealed $0.09 EPS, which missed analysts' expectations by $0.01, while revenue increased 1.0% year-over-year.
  • Institutional investors control 85.07% of Denny's stock, and several firms, such as Boston Partners and Hotchkis & Wiley, have recently increased their stakes in the company.
  • MarketBeat previews top five stocks to own in September.

Denny's Corporation (NASDAQ:DENN - Get Free Report) has been assigned an average rating of "Moderate Buy" from the six research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $7.4583.

A number of equities analysts recently issued reports on DENN shares. Citigroup dropped their target price on shares of Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Oppenheimer dropped their price objective on shares of Denny's from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th.

Read Our Latest Report on Denny's

Denny's Trading Up 1.1%

Shares of NASDAQ:DENN opened at $3.64 on Tuesday. The stock has a market capitalization of $186.55 million, a PE ratio of 11.03 and a beta of 1.70. Denny's has a 1 year low of $2.85 and a 1 year high of $7.73. The firm has a fifty day moving average price of $4.11 and a 200 day moving average price of $4.33.

Denny's (NASDAQ:DENN - Get Free Report) last released its quarterly earnings results on Monday, August 4th. The restaurant operator reported $0.09 EPS for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The firm had revenue of $117.66 million during the quarter, compared to the consensus estimate of $118.14 million. Denny's had a net margin of 3.79% and a negative return on equity of 57.90%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.13 EPS. On average, sell-side analysts forecast that Denny's will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Denny's

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners boosted its stake in Denny's by 51.3% in the 1st quarter. Boston Partners now owns 2,521,085 shares of the restaurant operator's stock valued at $9,250,000 after buying an additional 855,192 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of Denny's by 5.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator's stock valued at $6,129,000 after acquiring an additional 81,550 shares during the period. Earnest Partners LLC boosted its stake in shares of Denny's by 16.2% in the 1st quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator's stock valued at $5,729,000 after purchasing an additional 218,019 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of Denny's by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator's stock worth $9,432,000 after purchasing an additional 267,694 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Denny's by 24.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,265,381 shares of the restaurant operator's stock worth $7,656,000 after purchasing an additional 251,874 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Denny's Company Profile

(Get Free Report)

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.

See Also

Analyst Recommendations for Denny's (NASDAQ:DENN)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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