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

Key Points

• Denny's Corporation (NASDAQ:DENN) has received an average rating of "Moderate Buy" from seven brokerages, with five recommending a buy, one a hold, and one a sell.
• The company's stock price target varies significantly among analysts, with estimates ranging from $4.00 set by Piper Sandler to $8.00 before Benchmark's adjustment to $6.00.
• Denny's reported earnings of $0.09 per share for the last quarter, falling short of the consensus estimate, alongside a revenue of $117.66 million, which was slightly below expectations.

Denny's Corporation (NASDAQ:DENN - Get Free Report) has earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $6.4583.

Several research firms have recently weighed in on DENN. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of Denny's in a research report on Wednesday, October 8th. Benchmark dropped their target price on Denny's from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Finally, Piper Sandler set a $4.00 target price on Denny's and gave the stock a "neutral" rating in a report on Tuesday, August 5th.

Denny's Stock Up 2.2%

NASDAQ:DENN opened at $5.01 on Friday. Denny's has a 12-month low of $2.85 and a 12-month high of $7.73. The firm has a market capitalization of $258.02 million, a P/E ratio of 16.16 and a beta of 1.63. The stock's fifty day simple moving average is $4.80 and its 200-day simple moving average is $4.20.

Denny's (NASDAQ:DENN - Get Free Report) last posted its earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the consensus estimate of $0.10 by ($0.01). Denny's had a negative return on equity of 59.51% and a net margin of 3.53%.The business had revenue of $117.66 million for the quarter, compared to the consensus estimate of $118.14 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The business's revenue was up 1.0% on a year-over-year basis. As a group, equities research analysts expect that Denny's will post 0.5 earnings per share for the current year.

Institutional Trading of Denny's

Several institutional investors and hedge funds have recently bought and sold shares of the business. XTX Topco Ltd raised its stake in Denny's by 6.8% in the first quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator's stock valued at $150,000 after buying an additional 2,601 shares during the period. Fruth Investment Management raised its stake in Denny's by 13.2% in the second quarter. Fruth Investment Management now owns 30,000 shares of the restaurant operator's stock valued at $123,000 after buying an additional 3,500 shares during the period. Panagora Asset Management Inc. increased its stake in shares of Denny's by 2.1% during the second quarter. Panagora Asset Management Inc. now owns 179,840 shares of the restaurant operator's stock worth $737,000 after purchasing an additional 3,752 shares during the period. CWM LLC increased its stake 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 worth $25,000 after purchasing an additional 4,608 shares during the period. Finally, Vontobel Holding Ltd. increased its stake in shares of Denny's by 45.1% during the second quarter. Vontobel Holding Ltd. now owns 23,897 shares of the restaurant operator's stock worth $98,000 after purchasing an additional 7,430 shares during the period. Institutional investors own 85.07% of the company's stock.

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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