Denny’s (NASDAQ:DENN) Given New $8.50 Price Target at Wedbush

Denny’s (NASDAQ:DENN) had its price target reduced by stock analysts at Wedbush from $10.00 to $8.50 in a research note issued on Thursday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. Wedbush’s target price suggests a potential upside of 66.02% from the stock’s previous close. Wedbush also issued estimates for Denny’s’ Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.53 EPS.

Other equities research analysts have also recently issued reports about the stock. Truist Financial reduced their target price on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and increased their price objective for the company from $7.00 to $7.50 in a report on Friday, October 25th. StockNews.com cut Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Oppenheimer increased their price target on Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a report on Tuesday, January 7th. Finally, Benchmark lowered their price objective on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $8.40.

Denny’s Trading Down 23.8 %

NASDAQ:DENN opened at $5.12 on Thursday. The stock has a 50 day moving average of $6.15 and a two-hundred day moving average of $6.31. Denny’s has a 12 month low of $5.11 and a 12 month high of $10.13. The firm has a market cap of $262.81 million, a P/E ratio of 15.52, a price-to-earnings-growth ratio of 1.27 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. On average, research analysts forecast that Denny’s will post 0.52 earnings per share for the current year.

Institutional Trading of Denny’s

Hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners grew its position in Denny’s by 2,820.6% in the fourth quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator’s stock worth $10,081,000 after acquiring an additional 1,608,854 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Denny’s by 73.2% in the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator’s stock valued at $8,908,000 after purchasing an additional 583,660 shares during the last quarter. Russell Investments Group Ltd. grew its holdings in shares of Denny’s by 99.7% during the 4th quarter. Russell Investments Group Ltd. now owns 1,138,473 shares of the restaurant operator’s stock worth $6,888,000 after purchasing an additional 568,266 shares during the period. Allspring Global Investments Holdings LLC increased its position in shares of Denny’s by 6.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after purchasing an additional 558,964 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in Denny’s by 19.7% in the 4th quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator’s stock valued at $10,077,000 after buying an additional 274,459 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.