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

Shares of Denny’s Corporation (NASDAQ:DENN) have received a consensus recommendation of “Hold” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and one has issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $5.5417.

DENN has been the subject of several research analyst reports. Mizuho upgraded Denny’s to a “hold” rating in a research note on Tuesday, October 28th. Truist Financial reissued a “hold” rating and set a $6.00 target price on shares of Denny’s in a research report on Tuesday, November 4th. Weiss Ratings restated a “hold (c-)” rating on shares of Denny’s in a report on Monday, December 29th. Benchmark cut shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Finally, Oppenheimer lowered shares of Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th.

Denny’s Price Performance

DENN stock opened at $6.25 on Friday. The company has a market cap of $321.87 million, a price-to-earnings ratio of 31.25 and a beta of 1.37. The business has a fifty day simple moving average of $6.23 and a 200-day simple moving average of $5.53. Denny’s has a 52 week low of $2.85 and a 52 week high of $7.66.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. Bank of Montreal Can acquired a new position in shares of Denny’s during the second quarter worth about $48,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Denny’s during the 3rd quarter valued at about $52,000. BNP Paribas Financial Markets raised its holdings in shares of Denny’s by 109.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,408 shares of the restaurant operator’s stock valued at $54,000 after buying an additional 5,431 shares during the period. SG Americas Securities LLC acquired a new position in Denny’s during the 3rd quarter worth approximately $58,000. Finally, Brooklyn Investment Group boosted its holdings in Denny’s by 221.3% in the 3rd quarter. Brooklyn Investment Group now owns 13,606 shares of the restaurant operator’s stock worth $71,000 after acquiring an additional 9,371 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

About Denny’s

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.