Denny’s Corporation (NASDAQ:DENN) Receives $7.46 Average PT from Brokerages

Shares of Denny’s Corporation (NASDAQ:DENN) have received an average rating of “Moderate Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is $7.46.

Several analysts recently issued reports on the company. Oppenheimer cut their target price on Denny’s from $7.00 to $6.00 and set an “outperform” rating on the stock in a research note on Tuesday, May 6th. Citigroup cut their price objective on Denny’s from $7.00 to $6.25 and set a “buy” rating on the stock in a research report on Thursday, April 24th.

Denny’s Stock Down 2.6%

Shares of NASDAQ DENN opened at $4.14 on Monday. The firm’s fifty day moving average is $3.88 and its 200 day moving average is $4.76. Denny’s has a 52 week low of $2.85 and a 52 week high of $7.73. The company has a market cap of $212.18 million, a price-to-earnings ratio of 12.55 and a beta of 1.64.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Monday, May 5th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.08. Denny’s had a net margin of 3.79% and a negative return on equity of 57.90%. The business had revenue of $111.64 million for the quarter, compared to analyst estimates of $110.11 million. During the same quarter last year, the firm earned $0.11 EPS. The company’s revenue was up 1.5% on a year-over-year basis. Equities research analysts anticipate that Denny’s will post 0.5 earnings per share for the current year.

Hedge Funds Weigh In On Denny’s

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Boston Partners boosted its position in Denny’s by 51.3% during the 1st quarter. Boston Partners now owns 2,521,085 shares of the restaurant operator’s stock valued at $9,250,000 after acquiring an additional 855,192 shares in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its stake in shares of Denny’s by 5.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator’s stock valued at $6,129,000 after purchasing an additional 81,550 shares during the period. First Eagle Investment Management LLC boosted its position in shares of Denny’s by 19.7% during the fourth quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator’s stock valued at $10,077,000 after purchasing an additional 274,459 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Denny’s by 16.2% during the first quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator’s stock valued at $5,729,000 after purchasing an additional 218,019 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Denny’s by 20.7% in the fourth quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator’s stock worth $9,432,000 after purchasing an additional 267,694 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.