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

Key Points

• Denny's Corporation has received a consensus rating of "Moderate Buy" from six brokerages, with five analysts recommending a buy and one suggesting a hold.
• The average 12-month price target for Denny's shares among analysts is $6.46, while recent reports have seen price targets adjusted downward to between $4.00 and $6.00.
• Denny's reported earnings of $0.09 per share for the last quarter, missing estimates slightly, although revenue increased by 1.0% year-over-year.

Shares of Denny's Corporation (NASDAQ:DENN - Get Free Report) have received an average rating of "Moderate Buy" from the six brokerages that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $6.4583.

Several research analysts have recently issued reports on the company. Benchmark cut their price target on Denny's from $8.00 to $6.00 and set a "buy" rating for the company in a research note on Thursday, August 7th. Piper Sandler set a $4.00 price objective on shares of Denny's and gave the company a "neutral" rating in a research note on Tuesday, August 5th.

Denny's Trading Up 2.4%

DENN stock traded up $0.11 on Friday, hitting $4.57. The company's stock had a trading volume of 36,496 shares, compared to its average volume of 1,019,339. The firm has a 50 day moving average of $4.14 and a two-hundred day moving average of $4.04. 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 $235.25 million, a price-to-earnings ratio of 14.71 and a beta of 1.63.

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 the consensus estimate of $0.10 by ($0.01). Denny's had a net margin of 3.53% and a negative return on equity of 59.51%. The business had revenue of $117.66 million during the quarter, compared to analysts' expectations of $118.14 million. During the same quarter last year, the company earned $0.13 EPS. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts forecast that Denny's will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in DENN. Marshall Wace LLP purchased a new position in shares of Denny's in the fourth quarter valued at $61,000. Dimensional Fund Advisors LP increased its stake in shares of Denny's by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 759,837 shares of the restaurant operator's stock worth $4,597,000 after buying an additional 3,538 shares during the last quarter. MetLife Investment Management LLC increased its stake in shares of Denny's by 28.8% in the fourth quarter. MetLife Investment Management LLC now owns 31,124 shares of the restaurant operator's stock worth $188,000 after buying an additional 6,958 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Denny's by 4.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 63,166 shares of the restaurant operator's stock worth $383,000 after buying an additional 2,408 shares during the last quarter. Finally, Two Sigma Securities LLC bought a new stake in shares of Denny's in the fourth quarter worth $121,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

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.