Denny's (NASDAQ:DENN - Get Free Report) had its price objective reduced by stock analysts at Benchmark from $15.00 to $10.00 in a research note issued on Friday, Benzinga reports. The firm presently has a "buy" rating on the restaurant operator's stock. Benchmark's price objective points to a potential upside of 59.74% from the company's current price.
Other equities analysts have also issued reports about the company. Truist Financial reduced their price target on Denny's from $11.00 to $10.00 and set a "buy" rating on the stock in a research report on Tuesday, July 9th. Wedbush reduced their target price on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday. Citigroup raised shares of Denny's from a "neutral" rating to a "buy" rating and raised their price target for the company from $7.00 to $7.50 in a report on Friday. Oppenheimer cut their price objective on shares of Denny's from $10.00 to $7.00 and set an "outperform" rating on the stock in a report on Wednesday. Finally, StockNews.com upgraded Denny's from a "hold" rating to a "buy" rating in a research note on Wednesday. One equities 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, Denny's presently has a consensus rating of "Moderate Buy" and an average target price of $8.10.
Read Our Latest Stock Analysis on DENN
NASDAQ:DENN opened at $6.26 on Friday. The firm's fifty day simple moving average is $6.31 and its 200 day simple moving average is $6.95. Denny's has a twelve month low of $5.37 and a twelve month high of $11.16. The firm has a market capitalization of $325.64 million, a price-to-earnings ratio of 14.56, a PEG ratio of 1.11 and a beta of 2.02.
Denny's (NASDAQ:DENN - Get Free Report) last released its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny's had a net margin of 3.90% and a negative return on equity of 48.06%. The company had revenue of $111.76 million during the quarter, compared to analysts' expectations of $115.46 million. During the same period last year, the business earned $0.17 earnings per share. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. On average, analysts predict that Denny's will post 0.55 earnings per share for the current year.
A number of hedge funds and other institutional investors have recently made changes to their positions in DENN. Quest Partners LLC bought a new position in Denny's during the 2nd quarter valued at $25,000. CWM LLC raised its stake in shares of Denny's by 726.2% in the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator's stock valued at $26,000 after purchasing an additional 3,239 shares in the last quarter. Quarry LP lifted its position in shares of Denny's by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator's stock worth $30,000 after purchasing an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in Denny's in the second quarter worth about $31,000. Finally, Sanctuary Advisors LLC bought a new stake in Denny's in the second quarter valued at about $77,000. Institutional investors own 85.07% of the company's stock.
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.
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