Denny’s Co. (NASDAQ:DENN) Receives $14.36 Consensus Price Target from Brokerages

Denny’s Co. (NASDAQ:DENNGet Rating) has earned an average recommendation of “Hold” from the eight brokerages that are covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $14.07.

Several research firms have recently issued reports on DENN. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Thursday. Deutsche Bank Aktiengesellschaft lowered their target price on shares of Denny’s from $13.00 to $11.00 in a report on Thursday. MKM Partners decreased their price objective on shares of Denny’s from $15.00 to $12.50 and set a “neutral” rating for the company in a report on Friday, June 3rd. Wedbush lowered shares of Denny’s from an “outperform” rating to a “neutral” rating and decreased their price objective for the stock from $19.00 to $10.00 in a report on Friday, June 24th. Finally, Citigroup decreased their price objective on shares of Denny’s from $13.00 to $10.00 and set a “neutral” rating for the company in a report on Thursday, June 16th.

Institutional Investors Weigh In On Denny’s

A number of hedge funds have recently added to or reduced their stakes in DENN. State of New Jersey Common Pension Fund D purchased a new stake in Denny’s during the 2nd quarter valued at $2,045,000. Invesco Ltd. grew its position in shares of Denny’s by 8.4% during the 4th quarter. Invesco Ltd. now owns 2,161,375 shares of the restaurant operator’s stock valued at $34,583,000 after acquiring an additional 166,670 shares during the period. Assenagon Asset Management S.A. bought a new stake in shares of Denny’s during the 1st quarter valued at $1,570,000. Brown Advisory Inc. grew its position in shares of Denny’s by 5.0% during the 1st quarter. Brown Advisory Inc. now owns 2,275,204 shares of the restaurant operator’s stock valued at $32,667,000 after acquiring an additional 107,642 shares during the period. Finally, Dimensional Fund Advisors LP grew its position in shares of Denny’s by 10.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 1,083,989 shares of the restaurant operator’s stock valued at $17,344,000 after acquiring an additional 105,654 shares during the period.

Denny’s Stock Performance

Denny’s stock opened at $9.42 on Wednesday. The stock’s 50 day simple moving average is $9.36 and its two-hundred day simple moving average is $12.18. The stock has a market cap of $581.33 million, a price-to-earnings ratio of 6.00, a PEG ratio of 2.02 and a beta of 1.61. Denny’s has a fifty-two week low of $8.46 and a fifty-two week high of $17.40.

Denny’s (NASDAQ:DENNGet Rating) last released its earnings results on Tuesday, May 3rd. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.13 by ($0.02). Denny’s had a net margin of 23.41% and a negative return on equity of 53.52%. The business had revenue of $103.10 million for the quarter, compared to analysts’ expectations of $102.13 million. During the same quarter in the previous year, the business posted $0.01 earnings per share. Denny’s’s revenue for the quarter was up 27.9% on a year-over-year basis. On average, analysts predict that Denny’s will post 0.56 earnings per share for the current year.

Denny’s Company Profile

(Get Rating)

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 29, 2021, it had 1,640 franchised, licensed, and company restaurants worldwide. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in 2002.

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Analyst Recommendations for Denny's (NASDAQ:DENN)

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