Denny’s Corporation (NASDAQ:DENN) Given Average Recommendation of “Hold” by Brokerages

Denny’s Corporation (NASDAQ:DENN) has earned an average recommendation of “Hold” from the eight ratings firms that are currently covering the stock, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $5.9643.

DENN has been the subject of several analyst reports. Benchmark downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Truist Financial reissued a “hold” rating and issued a $6.00 price target on shares of Denny’s in a report on Tuesday, November 4th. Oppenheimer lowered shares of Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Denny’s in a report on Monday. Finally, Mizuho upgraded shares of Denny’s to a “hold” rating in a research note on Tuesday, October 28th.

Insider Buying and Selling at Denny’s

In other Denny’s news, insider Jumana Capital Investments Llc acquired 250,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of $4.08 per share, for a total transaction of $1,020,000.00. Following the completion of the transaction, the insider owned 4,524,905 shares of the company’s stock, valued at approximately $18,461,612.40. This represents a 5.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have acquired a total of 433,307 shares of company stock valued at $1,945,837 over the last quarter. Corporate insiders own 4.20% of the company’s stock.

Hedge Funds Weigh In On Denny’s

Institutional investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Denny’s during the 3rd quarter valued at about $52,000. Mercer Global Advisors Inc. ADV bought a new position in shares of Denny’s in the third quarter worth approximately $111,000. JCP Investment Management LLC purchased a new stake in Denny’s in the third quarter valued at approximately $4,338,000. Alliancebernstein L.P. raised its stake in Denny’s by 9.3% in the third quarter. Alliancebernstein L.P. now owns 77,792 shares of the restaurant operator’s stock valued at $407,000 after purchasing an additional 6,600 shares in the last quarter. Finally, Brooklyn Investment Group lifted its position in Denny’s by 221.3% during the third quarter. Brooklyn Investment Group now owns 13,606 shares of the restaurant operator’s stock valued at $71,000 after purchasing an additional 9,371 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors.

Denny’s Price Performance

Shares of DENN stock opened at $6.20 on Monday. The company’s fifty day simple moving average is $5.58 and its two-hundred day simple moving average is $4.79. Denny’s has a 1 year low of $2.85 and a 1 year high of $7.66. The stock has a market capitalization of $319.29 million, a price-to-earnings ratio of 31.00 and a beta of 1.43.

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

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.