Denny’s (NASDAQ:DENN) PT Lowered to $10.00

Denny’s (NASDAQ:DENN) had its target price dropped by analysts at Benchmark from $15.00 to $10.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Benchmark’s price target would indicate a potential upside of 52.44% from the stock’s previous close.

A number of other equities analysts also recently weighed in on DENN. Oppenheimer reduced their price target on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday. Truist Financial decreased their target price on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Wedbush decreased their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday. Finally, Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and lifted their target price for the company from $7.00 to $7.50 in a research report on Friday. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $8.10.

Denny’s Stock Performance

Shares of DENN opened at $6.56 on Friday. The firm has a market cap of $341.24 million, a P/E ratio of 15.26, a PEG ratio of 1.11 and a beta of 2.02. Denny’s has a twelve month low of $5.37 and a twelve month high of $11.16. The firm’s 50 day moving average price is $6.31 and its two-hundred day moving average price is $6.92.

Denny’s (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01). The firm had revenue of $111.76 million during the quarter, compared to analyst estimates of $115.46 million. Denny’s had a net margin of 3.90% and a negative return on equity of 48.06%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.17 EPS. On average, sell-side analysts anticipate that Denny’s will post 0.55 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Quest Partners LLC acquired a new stake in Denny’s in the 2nd quarter valued at about $25,000. CWM LLC raised its stake in Denny’s by 726.2% in the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after buying an additional 3,239 shares during the period. Quarry LP lifted its position in shares of Denny’s by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after buying an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Denny’s in the second quarter valued at approximately $31,000. Finally, Sanctuary Advisors LLC bought a new position in shares of Denny’s during the 2nd quarter worth approximately $77,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

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.