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

Shares of Denny’s Corporation (NASDAQ:DENN) have received an average rating of “Hold” from the eight brokerages that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $5.9643.

A number of equities analysts recently commented on the company. Truist Financial restated a “hold” rating and issued a $6.00 price objective on shares of Denny’s in a report on Tuesday, November 4th. Benchmark downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings restated a “hold (c-)” rating on shares of Denny’s in a research note on Monday. Mizuho raised shares of Denny’s to a “hold” rating in a research note on Tuesday, October 28th. Finally, Oppenheimer downgraded shares of Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th.

Insider Activity at Denny’s

In related news, insider Jumana Capital Investments Llc acquired 250,000 shares of the stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $4.08 per share, with a total value of $1,020,000.00. Following the acquisition, the insider owned 4,524,905 shares in the company, valued at approximately $18,461,612.40. The trade was a 5.85% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 433,307 shares of company stock worth $1,945,837. Corporate insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Denny’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Eagle Investment Management LLC grew its holdings in Denny’s by 6.0% during the second quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock valued at $7,992,000 after purchasing an additional 110,722 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. lifted its stake in shares of Denny’s by 170.6% in the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,898 shares of the restaurant operator’s stock worth $758,000 after buying an additional 116,575 shares during the last quarter. Boston Partners boosted its holdings in shares of Denny’s by 56.7% during the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock worth $16,196,000 after buying an additional 1,430,102 shares during the period. Nuveen LLC acquired a new position in Denny’s in the 1st quarter valued at $688,000. Finally, Mork Capital Management LLC raised its holdings in Denny’s by 142.9% in the 1st quarter. Mork Capital Management LLC now owns 170,000 shares of the restaurant operator’s stock worth $624,000 after acquiring an additional 100,000 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Denny’s Trading Up 0.3%

Shares of NASDAQ:DENN opened at $6.22 on Friday. The firm has a market cap of $320.33 million, a price-to-earnings ratio of 31.10 and a beta of 1.37. Denny’s has a 1 year low of $2.85 and a 1 year high of $7.66. The business has a fifty day simple moving average of $5.92 and a 200 day simple moving average of $5.00.

Denny’s (NASDAQ:DENN) last issued its earnings results 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 negative return on equity of 60.26% and a net margin of 2.24%.The firm had revenue of $113.24 million during the quarter, compared to analyst estimates of $116.91 million. During the same period in the previous year, the company earned $0.14 earnings per share. The business’s revenue for the quarter was up 202.6% on a year-over-year basis. On average, sell-side analysts forecast that Denny’s will post 0.5 EPS for the current year.

Denny’s Company Profile

Denny’s Corporation operates one of the largest full-service, family‐style restaurant chains in the United States, specializing in classic American diner fare. The company’s menu features breakfast, lunch and dinner offerings served around the clock, with signature items such as the Grand Slam breakfast, burgers, sandwiches and a variety of savory skillets. As a publicly traded entity under the symbol DENN on NASDAQ, Denny’s focuses on providing an accessible dining experience for a broad customer base, including families, travelers and late‐night diners.

The company’s business model combines both franchised and company‐owned locations.