Denny’s (DENN) Upgraded to “Buy” by ValuEngine

Denny’s (NASDAQ:DENN) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Thursday.

Several other research firms have also recently weighed in on DENN. Stephens raised Denny’s from an “equal” rating to a “weight” rating and upped their price objective for the stock from $16.50 to $17.00 in a research report on Wednesday. BidaskClub raised Denny’s from a “hold” rating to a “buy” rating in a research report on Thursday, October 18th. Zacks Investment Research cut Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Wedbush reduced their price objective on Denny’s from $18.50 to $17.00 and set an “outperform” rating for the company in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Denny’s presently has an average rating of “Buy” and a consensus price target of $17.33.

DENN stock opened at $17.35 on Thursday. The stock has a market cap of $905.79 million, a PE ratio of 29.91 and a beta of 0.45. Denny’s has a fifty-two week low of $12.09 and a fifty-two week high of $18.16.



Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, October 30th. The restaurant operator reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). The firm had revenue of $158.00 million for the quarter, compared to analyst estimates of $159.28 million. Denny’s had a negative return on equity of 39.88% and a net margin of 7.56%. The firm’s quarterly revenue was up 19.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.14 earnings per share. Research analysts anticipate that Denny’s will post 0.68 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. raised its holdings in Denny’s by 4.6% during the second quarter. BlackRock Inc. now owns 4,575,232 shares of the restaurant operator’s stock worth $72,883,000 after acquiring an additional 201,003 shares in the last quarter. FMR LLC raised its holdings in Denny’s by 10.3% during the second quarter. FMR LLC now owns 1,221,590 shares of the restaurant operator’s stock worth $19,460,000 after acquiring an additional 114,500 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Denny’s by 40.9% during the third quarter. Acadian Asset Management LLC now owns 402,019 shares of the restaurant operator’s stock worth $5,917,000 after acquiring an additional 116,674 shares in the last quarter. Castleark Management LLC raised its stake in Denny’s by 13.3% in the second quarter. Castleark Management LLC now owns 364,210 shares of the restaurant operator’s stock valued at $5,802,000 after buying an additional 42,653 shares during the period. Finally, Schwab Charles Investment Management Inc. raised its stake in Denny’s by 2.6% in the second quarter. Schwab Charles Investment Management Inc. now owns 337,482 shares of the restaurant operator’s stock valued at $5,377,000 after buying an additional 8,598 shares during the period. Institutional investors and hedge funds own 89.74% of the company’s stock.

About Denny’s

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.

Read More: Understanding Price to Earnings Ratio (PE)

To view ValuEngine’s full report, visit ValuEngine’s official website.

Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply