Denny's (NASDAQ:DENN) Given a $4.00 Price Target at Piper Sandler

Key Points

• Piper Sandler has reduced its price target for Denny's from $6.00 to $4.00, maintaining a "neutral" rating on the stock, suggesting a potential upside of 9.89% from the stock's previous close.
• Other analysts have also cut their price targets, with Citigroup lowering it to $6.25 and Oppenheimer to $6.00, while the average target price across brokerages stands at $7.13.
• Denny's reported a quarterly earnings miss at $0.09 per share, below the expected $0.10, alongside revenue of $117.66 million, reflecting a 1.0% year-over-year increase.

Piper Sandler set a $4.00 price objective on Denny's (NASDAQ:DENN - Free Report) in a research note issued to investors on Tuesday, MarketBeat.com reports. The brokerage currently has a neutral rating on the restaurant operator's stock.

Other equities analysts also recently issued research reports about the stock. Citigroup lowered their target price on shares of Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a research note on Thursday, April 24th. Oppenheimer reduced their target price on Denny's from $7.00 to $6.00 and set an "outperform" rating for the company in a report on Tuesday, May 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $7.13.

Denny's Trading Up 0.6%

Shares of NASDAQ DENN opened at $3.56 on Tuesday. The firm's 50-day moving average is $4.09 and its 200-day moving average is $4.32. The firm has a market capitalization of $183.34 million, a PE ratio of 11.48 and a beta of 1.70. Denny's has a 1 year low of $2.85 and a 1 year high of $7.73.

Denny's (NASDAQ:DENN - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share (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 firm had revenue of $117.66 million for the quarter, compared to the consensus estimate of $118.14 million. During the same period last year, the company posted $0.13 earnings per share. The business's revenue was up 1.0% compared to the same quarter last year. As a group, equities research analysts anticipate that Denny's will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Denny's

Hedge funds have recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD lifted its stake in shares of Denny's by 4.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 63,166 shares of the restaurant operator's stock valued at $383,000 after acquiring an additional 2,408 shares during the last quarter. XTX Topco Ltd grew its holdings in shares of Denny's by 6.8% during the 1st quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator's stock worth $150,000 after acquiring an additional 2,601 shares during the period. Fruth Investment Management boosted its holdings in shares of Denny's by 13.2% during the 2nd 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 in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Denny's by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 759,837 shares of the restaurant operator's stock valued at $4,597,000 after purchasing an additional 3,538 shares in the last quarter. Finally, CWM LLC raised its stake in Denny's by 217.7% during the first quarter. CWM LLC now owns 6,725 shares of the restaurant operator's stock valued at $25,000 after buying an additional 4,608 shares during the last quarter. 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.