Denny’s Corporation (NASDAQ:DENN) Receives Consensus Rating of “Hold” from Analysts

Denny’s Corporation (NASDAQ:DENN) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $5.9643.

Several equities analysts recently issued reports on the stock. Benchmark lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, November 5th. Oppenheimer lowered Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Truist Financial restated a “hold” rating and set a $6.00 price objective on shares of Denny’s in a research note on Tuesday, November 4th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Denny’s in a report on Monday, December 29th. Finally, Mizuho upgraded shares of Denny’s to a “hold” rating in a report on Tuesday, October 28th.

Denny’s Stock Down 0.2%

DENN opened at $6.25 on Tuesday. The stock’s fifty day moving average is $6.21 and its two-hundred day moving average is $5.30. The company has a market capitalization of $321.62 million, a P/E ratio of 31.23 and a beta of 1.37. Denny’s has a 52 week low of $2.85 and a 52 week high of $7.66.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The business had revenue of $113.24 million during the quarter, compared to analysts’ expectations of $116.91 million. Denny’s had a negative return on equity of 60.26% and a net margin of 2.24%.The firm’s revenue was up 202.6% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share. Equities analysts anticipate that Denny’s will post 0.5 earnings per share for the current year.

Insider Transactions at Denny’s

In other Denny’s news, insider Jumana Capital Investments Llc purchased 250,000 shares of Denny’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average cost of $4.08 per share, with a total value of $1,020,000.00. Following the completion of the transaction, the insider owned 4,524,905 shares in the company, valued at approximately $18,461,612.40. This trade represents a 5.85% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 4.20% of the company’s stock.

Institutional Trading of Denny’s

Large investors have recently bought and sold shares of the stock. Boston Partners grew its stake in Denny’s by 56.7% during the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after purchasing an additional 1,430,102 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Denny’s by 6.0% during the second quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock worth $7,992,000 after buying an additional 110,722 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Denny’s by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock valued at $5,090,000 after acquiring an additional 13,816 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in Denny’s by 9.1% during the second quarter. Arrowstreet Capital Limited Partnership now owns 1,184,952 shares of the restaurant operator’s stock worth $4,858,000 after purchasing an additional 98,654 shares in the last quarter. Finally, Skylands Capital LLC lifted its position in shares of Denny’s by 12.4% during the 3rd quarter. Skylands Capital LLC now owns 932,050 shares of the restaurant operator’s stock valued at $4,875,000 after buying an additional 102,458 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Company Profile

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.