Denny’s (NASDAQ:DENN) Earns Hold Rating from Analysts at SunTrust Banks

SunTrust Banks began coverage on shares of Denny’s (NASDAQ:DENN) in a report issued on Tuesday, BenzingaRatingsTable reports. The firm issued a hold rating and a $21.00 price target on the restaurant operator’s stock. SunTrust Banks also issued estimates for Denny’s’ Q4 2019 earnings at $0.17 EPS, FY2019 earnings at $0.72 EPS, FY2020 earnings at $0.90 EPS and FY2021 earnings at $0.98 EPS.

Other equities research analysts have also recently issued research reports about the company. Zacks Investment Research raised Denny’s from a hold rating to a buy rating and set a $22.00 price target for the company in a report on Monday, December 2nd. Maxim Group raised Denny’s from a hold rating to a buy rating and increased their price target for the company from $23.00 to $26.00 in a report on Wednesday, December 4th. CL King initiated coverage on Denny’s in a report on Tuesday, October 1st. They issued a buy rating for the company. BidaskClub raised Denny’s from a strong sell rating to a sell rating in a report on Tuesday, December 3rd. Finally, Oppenheimer initiated coverage on Denny’s in a report on Thursday, September 19th. They issued an outperform rating and a $27.00 price target for the company. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $24.33.

DENN stock traded down $0.08 during mid-day trading on Tuesday, reaching $20.25. 53,740 shares of the company’s stock were exchanged, compared to its average volume of 463,997. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 29.78, a price-to-earnings-growth ratio of 3.32 and a beta of 0.05. The stock’s 50 day moving average is $20.04 and its 200 day moving average is $21.40. Denny’s has a 12-month low of $15.72 and a 12-month high of $23.88.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, October 29th. The restaurant operator reported $0.18 EPS for the quarter, beating analysts’ consensus estimates of $0.16 by $0.02. Denny’s had a negative return on equity of 34.15% and a net margin of 18.80%. The business had revenue of $124.30 million during the quarter, compared to analysts’ expectations of $126.62 million. During the same quarter in the prior year, the firm earned $0.17 earnings per share. The business’s revenue was down 21.3% compared to the same quarter last year. Analysts predict that Denny’s will post 0.69 earnings per share for the current year.

In related news, VP Stephen C. Dunn sold 58,332 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $19.51, for a total value of $1,138,057.32. Following the completion of the transaction, the vice president now directly owns 36,017 shares in the company, valued at $702,691.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.10% of the company’s stock.

A number of institutional investors have recently modified their holdings of DENN. Tower Research Capital LLC TRC purchased a new position in Denny’s in the third quarter worth approximately $48,000. NumerixS Investment Technologies Inc purchased a new position in Denny’s in the second quarter worth approximately $51,000. Advisory Services Network LLC grew its position in Denny’s by 1,032.3% in the second quarter. Advisory Services Network LLC now owns 3,510 shares of the restaurant operator’s stock worth $72,000 after acquiring an additional 3,200 shares during the period. First Quadrant L P CA purchased a new position in Denny’s in the third quarter worth approximately $82,000. Finally, Bank of Montreal Can grew its position in Denny’s by 2,529.0% in the second quarter. Bank of Montreal Can now owns 5,074 shares of the restaurant operator’s stock worth $104,000 after acquiring an additional 4,881 shares during the period. Institutional investors own 90.63% 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 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

Featured Article: How liquidity affects the bid-ask spread

Analyst Recommendations for Denny`s (NASDAQ:DENN)

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.