Denny’s (NASDAQ:DENN) Stock Rating Upgraded by StockNews.com

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

Other research analysts also recently issued reports about the company. Truist Financial dropped their price target on Denny’s from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Wednesday, February 14th. Wedbush dropped their price target on Denny’s from $11.00 to $10.50 and set a “neutral” rating for the company in a research note on Wednesday, February 14th. Finally, Oppenheimer dropped their price target on Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $11.92.

Denny’s Trading Up 1.4 %

Denny’s stock opened at $8.17 on Friday. The firm has a 50 day moving average of $8.95 and a 200 day moving average of $9.52. The firm has a market capitalization of $433.83 million, a price-to-earnings ratio of 23.34, a P/E/G ratio of 1.39 and a beta of 1.93. Denny’s has a 12-month low of $8.00 and a 12-month high of $12.53.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.03). Denny’s had a negative return on equity of 70.78% and a net margin of 4.30%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $115.67 million. During the same quarter in the previous year, the company earned $0.18 earnings per share. The company’s revenue for the quarter was down 4.5% compared to the same quarter last year. On average, analysts predict that Denny’s will post 0.64 EPS for the current year.

Insider Buying and Selling

In other Denny’s news, Director John C. Miller sold 35,359 shares of the stock in a transaction on Monday, February 26th. The stock was sold at an average price of $9.25, for a total value of $327,070.75. Following the sale, the director now owns 740,626 shares in the company, valued at $6,850,790.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 4.20% of the stock is owned by corporate insiders.

Institutional Trading of Denny’s

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Goldman Sachs Group Inc. increased its stake in Denny’s by 11.4% in the fourth quarter. Goldman Sachs Group Inc. now owns 278,303 shares of the restaurant operator’s stock worth $3,028,000 after purchasing an additional 28,502 shares during the period. Price T Rowe Associates Inc. MD increased its stake in shares of Denny’s by 1.8% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 78,687 shares of the restaurant operator’s stock valued at $857,000 after buying an additional 1,389 shares during the period. Barclays PLC increased its stake in shares of Denny’s by 281.8% during the fourth quarter. Barclays PLC now owns 81,028 shares of the restaurant operator’s stock valued at $882,000 after buying an additional 59,804 shares during the period. Royal Bank of Canada increased its stake in shares of Denny’s by 76.0% during the fourth quarter. Royal Bank of Canada now owns 33,441 shares of the restaurant operator’s stock valued at $364,000 after buying an additional 14,436 shares during the period. Finally, Point72 Asset Management L.P. increased its stake in shares of Denny’s by 199.2% during the fourth quarter. Point72 Asset Management L.P. now owns 78,100 shares of the restaurant operator’s stock valued at $850,000 after buying an additional 52,000 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Company Profile

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.