Denny’s Corporation (NASDAQ:DENN) Receives Consensus Rating of “Hold” from Analysts

Shares of Denny’s Corporation (NASDAQ:DENN) have been given a consensus recommendation of “Hold” by the eight brokerages that are covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is $5.9643.

DENN has been the topic of a number of research analyst reports. Truist Financial reaffirmed a “hold” rating and issued a $6.00 target price on shares of Denny’s in a report on Tuesday, November 4th. Oppenheimer downgraded Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Benchmark lowered Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Mizuho upgraded shares of Denny’s to a “hold” rating in a research report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Denny’s in a research report on Monday, December 1st.

Denny’s Price Performance

Shares of NASDAQ:DENN opened at $6.17 on Monday. The company’s 50-day moving average price is $5.49 and its two-hundred day moving average price is $4.72. Denny’s has a one year low of $2.85 and a one year high of $7.66. The stock has a market capitalization of $317.76 million, a PE ratio of 30.85 and a beta of 1.42.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Denny’s had a net margin of 2.24% and a negative return on equity of 60.26%. The company had revenue of $113.24 million during the quarter, compared to the consensus estimate of $116.91 million. During the same quarter in the previous year, the business earned $0.14 EPS. Denny’s’s revenue was up 202.6% on a year-over-year basis. On average, analysts anticipate that Denny’s will post 0.5 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Denny’s news, insider Jumana Capital Investments Llc purchased 250,000 shares of the firm’s stock in a transaction dated Monday, November 3rd. The shares were bought at an average price of $4.08 per share, for a total transaction of $1,020,000.00. Following the purchase, the insider owned 4,524,905 shares in the company, valued at approximately $18,461,612.40. This trade represents a 5.85% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have purchased 433,307 shares of company stock worth $1,945,837 in the last three months. 4.20% of the stock is owned by insiders.

Institutional Trading of Denny’s

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Partners increased its position in Denny’s by 56.7% in the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after acquiring an additional 1,430,102 shares during the period. JCP Investment Management LLC bought a new stake in shares of Denny’s in the third quarter worth $4,338,000. Monimus Capital Management LP acquired a new stake in Denny’s in the second quarter valued at $1,307,000. Royce & Associates LP raised its position in Denny’s by 49.9% during the 3rd quarter. Royce & Associates LP now owns 816,042 shares of the restaurant operator’s stock worth $4,268,000 after purchasing an additional 271,684 shares during the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Denny’s by 1,196.7% during the second quarter. North Star Investment Management Corp. now owns 272,300 shares of the restaurant operator’s stock worth $1,116,000 after acquiring an additional 251,300 shares during the last quarter. 85.07% of the stock is currently 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.