Denny’s (NASDAQ:DENN) Cut to “Hold” at StockNews.com

StockNews.com cut shares of Denny’s (NASDAQ:DENN) from a buy rating to a hold rating in a research note published on Monday.

Other research analysts have also recently issued research reports about the company. Oppenheimer increased their price objective on Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Benchmark reduced their price objective on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Wedbush decreased their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $7.00 to $7.50 in a report on Friday, October 25th. Finally, Truist Financial decreased their price target on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $7.90.

Denny’s Stock Up 5.2 %

Shares of Denny’s stock opened at $5.90 on Monday. The firm has a market cap of $302.85 million, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.07 and a beta of 2.01. Denny’s has a 52-week low of $5.37 and a 52-week high of $11.16. The company’s 50-day simple moving average is $6.26 and its 200-day simple moving average is $6.41.

Denny’s (NASDAQ:DENN) last released its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The business had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.17 EPS. Equities research analysts anticipate that Denny’s will post 0.52 EPS for the current year.

Institutional Trading of Denny’s

Several large investors have recently modified their holdings of the business. Allspring Global Investments Holdings LLC lifted its stake in Denny’s by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock valued at $55,693,000 after buying an additional 558,964 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Denny’s by 14.1% in the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after acquiring an additional 155,100 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Denny’s by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock valued at $7,618,000 after acquiring an additional 3,902 shares in the last quarter. Barclays PLC boosted its stake in shares of Denny’s by 342.5% during the third quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock valued at $531,000 after acquiring an additional 63,668 shares during the last quarter. Finally, Access Investment Management LLC purchased a new stake in Denny’s during the 3rd quarter worth about $1,387,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.