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

Key Points

• Denny's Corporation has received a consensus recommendation of "Moderate Buy" from six research firms, with one hold and five buy recommendations.
• The average 12-month target price set by analysts for Denny's stock is $6.4583, while Benchmark recently lowered its target price from $8.00 to $6.00.
• Denny's reported $0.09 earnings per share for the quarter, missing estimates, and had a revenue of $117.66 million, which was also below analyst predictions.

Shares of Denny's Corporation (NASDAQ:DENN - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $6.4583.

A number of research firms have issued reports on DENN. Benchmark reduced their target price on shares of 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 target price on shares of Denny's and gave the company a "neutral" rating in a research note on Tuesday, August 5th.

Institutional Trading of Denny's

A number of institutional investors have recently added to or reduced their stakes in DENN. CWM LLC raised its position in shares of Denny's by 217.7% in 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 period. Park Avenue Securities LLC bought a new position in shares of Denny's in the first quarter valued at approximately $40,000. Cerity Partners LLC bought a new position in shares of Denny's in the first quarter valued at approximately $41,000. Gilbert & Cook Inc. bought a new position in shares of Denny's in the first quarter valued at approximately $44,000. Finally, Bank of Montreal Can bought a new position in shares of Denny's in the second quarter valued at approximately $48,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Denny's Price Performance

Shares of DENN opened at $5.28 on Wednesday. Denny's has a one year low of $2.85 and a one year high of $7.73. The company has a 50-day moving average of $4.37 and a two-hundred day moving average of $4.06. The stock has a market cap of $271.92 million, a price-to-earnings ratio of 17.03 and a beta of 1.63.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.10 by ($0.01). The business had revenue of $117.66 million during the quarter, compared to analyst estimates of $118.14 million. Denny's had a net margin of 3.53% and a negative return on equity of 59.51%. Denny's's revenue was up 1.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.13 earnings per share. Analysts anticipate that Denny's will post 0.5 earnings per share 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.

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.