Denny's (NASDAQ:DENN) Receives "Sell (D+)" Rating from Weiss Ratings

Key Points

• Denny's stock has received a "Sell (D+)" rating from Weiss Ratings, with various other analysts providing mixed ratings, including a reduced price target from Benchmark.
• The company's share price increased slightly to $4.98, amid trading volumes that exceeded the average, while Denny's has a market capitalization of $256.47 million.
• Insider activity shows Jumana Capital Investments purchased over 162,000 shares recently, indicating confidence in the stock despite its fluctuating performance.

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

DENN has been the topic of several other research reports. Benchmark cut their price objective on Denny's from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Piper Sandler set a $4.00 price objective on Denny's and gave the company a "neutral" rating in a research note on Tuesday, August 5th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $6.46.

Denny's Stock Performance

Shares of NASDAQ:DENN traded up $0.05 during trading on Friday, hitting $4.98. The company's stock had a trading volume of 766,612 shares, compared to its average volume of 754,705. Denny's has a fifty-two week low of $2.85 and a fifty-two week high of $7.73. The stock's 50-day moving average price is $4.91 and its two-hundred day moving average price is $4.26. The company has a market capitalization of $256.47 million, a PE ratio of 16.06 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 negative return on equity of 59.51% and a net margin of 3.53%.The business had revenue of $117.66 million during the quarter, compared to analyst estimates of $118.14 million. During the same quarter last year, the firm posted $0.13 EPS. The company's revenue was up 1.0% compared to the same quarter last year. On average, equities analysts predict that Denny's will post 0.5 earnings per share for the current fiscal year.

Insider Activity at Denny's

In related news, insider Jumana Capital Investments Llc bought 162,210 shares of the stock in a transaction dated Monday, October 20th. The stock was bought at an average cost of $5.05 per share, with a total value of $819,160.50. Following the completion of the acquisition, the insider owned 3,795,523 shares of the company's stock, valued at $19,167,391.15. This trade represents a 4.46% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders purchased 183,307 shares of company stock worth $925,837 over the last three months. 4.20% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Denny's

Institutional investors have recently made changes to their positions in the stock. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Denny's during the first quarter valued at approximately $251,000. Boston Partners grew its holdings in shares of Denny's by 51.3% during the first quarter. Boston Partners now owns 2,521,085 shares of the restaurant operator's stock valued at $9,250,000 after purchasing an additional 855,192 shares during the last quarter. Skylands Capital LLC grew its holdings in shares of Denny's by 30.8% during the first quarter. Skylands Capital LLC now owns 745,620 shares of the restaurant operator's stock valued at $2,736,000 after purchasing an additional 175,620 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew 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 purchasing an additional 81,550 shares during the last quarter. Finally, Royce & Associates LP grew its holdings in shares of Denny's by 45.2% during the first quarter. Royce & Associates LP now owns 312,004 shares of the restaurant operator's stock valued at $1,145,000 after purchasing an additional 97,117 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

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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