Denny's' (DENN) Sell (D+) Rating Reaffirmed at Weiss Ratings

Key Points

• Denny's stock has been reaffirmed with a "sell (d+)" rating by Weiss Ratings, reflecting ongoing concerns about its performance.
• The company's most recent earnings report showed a missed consensus estimate, with earnings per share of $0.09 compared to the expected $0.10.
• Institutional investors hold 85.07% of Denny's stock, highlighting significant support from large financial entities despite recent performance challenges.

Denny's (NASDAQ:DENN - Get Free Report)'s stock had its "sell (d+)" rating reissued by equities researchers at Weiss Ratings in a note issued to investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts have also recently weighed in on DENN. Benchmark lowered their price objective on shares of Denny's from $8.00 to $6.00 and set a "buy" rating for the company in a research report 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 report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $6.46.

Denny's Trading Up 1.4%

Shares of Denny's stock traded up $0.07 during mid-day trading on Wednesday, reaching $5.09. 590,392 shares of the stock were exchanged, compared to its average volume of 830,057. The company has a market cap of $262.14 million, a price-to-earnings ratio of 16.42 and a beta of 1.63. The firm has a 50-day simple moving average of $4.62 and a 200 day simple moving average of $4.15. Denny's has a fifty-two week low of $2.85 and a fifty-two week high of $7.73.

Denny's (NASDAQ:DENN - Get Free Report) last announced 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 firm had revenue of $117.66 million for the quarter, compared to analyst estimates of $118.14 million. Denny's had a negative return on equity of 59.51% and a net margin of 3.53%.The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.13 EPS. On average, research analysts predict that Denny's will post 0.5 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of DENN. CWM LLC boosted its stake in shares of Denny's by 217.7% in the 1st 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. Park Avenue Securities LLC bought a new position in shares of Denny's in the 1st quarter valued at about $40,000. Cerity Partners LLC bought a new position in shares of Denny's in the 1st quarter valued at about $41,000. Gilbert & Cook Inc. bought a new position in shares of Denny's in the 1st quarter valued at about $44,000. Finally, Bank of Montreal Can bought a new position in shares of Denny's in the 2nd quarter valued at about $48,000. Institutional investors own 85.07% of the company's stock.

About Denny's

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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