Denny’s Corporation (NASDAQ:DENN) Given Average Rating of “Hold” by Brokerages

Denny’s Corporation (NASDAQ:DENN) has earned a consensus recommendation of “Hold” from the eight analysts that are presently 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 updated their coverage on the stock in the last year is $5.9643.

A number of equities analysts have recently commented on DENN shares. Oppenheimer cut Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Denny’s in a research report on Monday, December 29th. Benchmark downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Truist Financial reissued a “hold” rating and issued a $6.00 target price on shares of Denny’s in a report on Tuesday, November 4th. Finally, Mizuho upgraded shares of Denny’s to a “hold” rating in a research note on Tuesday, October 28th.

Denny’s Trading Down 0.2%

NASDAQ DENN opened at $6.25 on Tuesday. The firm’s 50 day simple moving average is $6.20 and its 200 day simple moving average is $5.25. The firm has a market capitalization of $321.62 million, a price-to-earnings ratio of 31.23 and a beta of 1.37. Denny’s has a 1 year low of $2.85 and a 1 year high of $7.66.

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

Insider Buying and Selling at Denny’s

In related news, insider Jumana Capital Investments Llc bought 250,000 shares of the firm’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $4.08 per share, with a total value of $1,020,000.00. Following the completion of the purchase, the insider owned 4,524,905 shares in the company, valued at $18,461,612.40. This represents a 5.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 4.20% of the company’s stock.

Institutional Investors Weigh In On Denny’s

Hedge funds have recently modified their holdings of the company. First Eagle Investment Management LLC raised its position in Denny’s by 6.0% in 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. boosted its position in Denny’s by 170.6% during the 2nd 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 period. Boston Partners boosted its position in 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. Wealth Enhancement Advisory Services LLC bought a new stake in Denny’s during the 2nd quarter worth approximately $67,000. Finally, Los Angeles Capital Management LLC bought a new stake in Denny’s during the 2nd quarter worth approximately $81,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.