Denny’s (NASDAQ:DENN) Upgraded at StockNews.com

Denny’s (NASDAQ:DENN) was upgraded by equities research analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued on Wednesday.

Several other brokerages have also issued reports on DENN. Truist Financial decreased their target price on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Oppenheimer cut their target price on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Benchmark reduced their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Wedbush reduced their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $7.00 to $7.50 in a research report on Friday, October 25th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $7.70.

Denny’s Stock Down 2.4 %

Shares of DENN stock traded down $0.15 during trading on Wednesday, reaching $6.22. The company’s stock had a trading volume of 820,206 shares, compared to its average volume of 598,937. Denny’s has a one year low of $5.37 and a one year high of $11.16. The business has a fifty day moving average price of $6.44 and a 200-day moving average price of $6.57. The company has a market cap of $319.27 million, a price-to-earnings ratio of 18.85, a price-to-earnings-growth ratio of 1.33 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same quarter in the prior year, the business posted $0.17 EPS. The business’s revenue was down 2.1% on a year-over-year basis. Research analysts anticipate that Denny’s will post 0.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in DENN. Quest Partners LLC bought a new stake in Denny’s during the 2nd quarter valued at $25,000. CWM LLC raised its holdings in Denny’s by 726.2% in the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 3,239 shares during the period. Quarry LP raised its position in shares of Denny’s by 161.5% during the 2nd quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after purchasing an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in Denny’s during the 2nd quarter worth $31,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Denny’s during the 2nd quarter worth approximately $77,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

About Denny’s

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.