Denny’s Corp (NASDAQ:DENN) has been given a consensus recommendation of “Hold” by the six research firms that are covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $16.75.
Several equities analysts recently weighed in on the company. BidaskClub lowered Denny’s from a “strong-buy” rating to a “buy” rating in a research note on Wednesday, July 11th. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a research note on Thursday, August 2nd. Stephens lowered Denny’s from an “overweight” rating to an “equal weight” rating and cut their price objective for the stock from $18.00 to $16.50 in a research note on Wednesday, September 12th. ValuEngine lowered Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, August 8th. Finally, Wedbush cut their price objective on Denny’s from $18.50 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, July 31st.
Large investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC purchased a new stake in Denny’s during the 2nd quarter worth approximately $300,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Denny’s during the 2nd quarter worth approximately $162,000. Principal Financial Group Inc. purchased a new stake in Denny’s during the 1st quarter worth approximately $177,000. Robeco Institutional Asset Management B.V. purchased a new stake in Denny’s during the 2nd quarter worth approximately $202,000. Finally, Sawgrass Asset Management LLC increased its stake in Denny’s by 29.5% during the 2nd quarter. Sawgrass Asset Management LLC now owns 21,010 shares of the restaurant operator’s stock worth $335,000 after buying an additional 4,790 shares in the last quarter. Institutional investors own 89.74% of the company’s stock.
Shares of Denny’s stock opened at $14.15 on Friday. Denny’s has a twelve month low of $12.09 and a twelve month high of $17.75. The stock has a market capitalization of $905.79 million, a P/E ratio of 24.40 and a beta of 0.45.
Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, October 30th. The restaurant operator reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Denny’s had a net margin of 7.56% and a negative return on equity of 39.88%. The business had revenue of $158.00 million during the quarter, compared to analysts’ expectations of $159.28 million. During the same quarter in the prior year, the firm earned $0.14 EPS. Denny’s’s revenue for the quarter was up 19.3% on a year-over-year basis. As a group, research analysts forecast that Denny’s will post 0.68 earnings per share for the current year.
Denny’s Company Profile
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.
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