BidaskClub lowered shares of Denny’s (NASDAQ:DENN) from a buy rating to a hold rating in a research note issued to investors on Tuesday morning, BidAskClub reports.

A number of other analysts have also issued reports on DENN. Zacks Investment Research raised Denny’s from a sell rating to a hold rating in a research report on Friday, April 26th. Maxim Group reaffirmed a buy rating and set a $21.00 target price on shares of Denny’s in a research report on Friday, May 24th. Finally, Wedbush reaffirmed a buy rating and set a $21.00 target price on shares of Denny’s in a research report on Monday, May 20th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $20.00.

Shares of NASDAQ DENN opened at $20.80 on Tuesday. Denny’s has a 1 year low of $13.32 and a 1 year high of $20.95. The stock has a market cap of $1.25 billion, a PE ratio of 30.59 and a beta of 0.13.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The business had revenue of $151.41 million for the quarter, compared to analyst estimates of $149.01 million. During the same period in the previous year, the company earned $0.15 earnings per share. The company’s revenue for the quarter was down 2.5% compared to the same quarter last year. As a group, research analysts predict that Denny’s will post 0.64 EPS for the current year.

In related news, VP Stephen C. Dunn sold 12,000 shares of Denny’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.68, for a total value of $212,160.00. Following the completion of the transaction, the vice president now directly owns 99,199 shares in the company, valued at $1,753,838.32. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Robert P. Verostek sold 5,474 shares of Denny’s stock in a transaction dated Monday, March 25th. The stock was sold at an average price of $18.13, for a total value of $99,243.62. Following the completion of the transaction, the insider now owns 8,773 shares of the company’s stock, valued at $159,054.49. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 133,484 shares of company stock worth $2,627,217. Corporate insiders own 6.10% of the company’s stock.

A number of large investors have recently bought and sold shares of DENN. Morgan Stanley grew its stake in shares of Denny’s by 9.9% during the 3rd quarter. Morgan Stanley now owns 155,400 shares of the restaurant operator’s stock valued at $2,287,000 after purchasing an additional 13,987 shares during the period. Rhumbline Advisers grew its stake in shares of Denny’s by 45.0% during the 4th quarter. Rhumbline Advisers now owns 87,920 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 27,290 shares during the period. Victory Capital Management Inc. grew its stake in shares of Denny’s by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 32,189 shares of the restaurant operator’s stock valued at $522,000 after purchasing an additional 1,253 shares during the period. Kayne Anderson Rudnick Investment Management LLC bought a new stake in shares of Denny’s during the 4th quarter valued at about $236,000. Finally, Acadian Asset Management LLC grew its stake in shares of Denny’s by 17.7% during the 4th quarter. Acadian Asset Management LLC now owns 473,144 shares of the restaurant operator’s stock valued at $7,675,000 after purchasing an additional 71,125 shares during the period. Institutional investors and hedge funds own 92.85% of the company’s stock.

Denny’s Company Profile

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

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