Denny’s (DENN) – Investment Analysts’ Weekly Ratings Changes

Denny’s (NASDAQ: DENN) recently received a number of ratings updates from brokerages and research firms:

• 10/31/2024 – Denny’s was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating.
• 10/28/2024 – Denny’s had its price target lowered by analysts at Truist Financial Co. from $10.00 to $8.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Denny’s had its price target lowered by analysts at Benchmark Co. from $15.00 to $10.00. They now have a “buy” rating on the stock.
• 10/25/2024 – Denny’s was upgraded by analysts at Citigroup Inc. from a “neutral” rating to a “buy” rating. They now have a $7.50 price target on the stock, up previously from $7.00.
• 10/23/2024 – Denny’s had its price target lowered by analysts at Oppenheimer Holdings Inc. from $10.00 to $7.00. They now have an “outperform” rating on the stock.
• 10/23/2024 – Denny’s had its price target lowered by analysts at Wedbush from $7.00 to $6.00. They now have a “neutral” rating on the stock.
• 10/23/2024 – Denny’s was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating.
• 10/15/2024 – Denny’s had its price target lowered by analysts at Citigroup Inc. from $8.00 to $7.00. They now have a “neutral” rating on the stock.

Denny’s Price Performance

Denny’s stock traded down $0.02 during trading hours on Monday, hitting $6.49. The stock had a trading volume of 355,753 shares, compared to its average volume of 581,642. Denny’s Co. has a 1-year low of $5.37 and a 1-year high of $11.16. The stock has a market capitalization of $333.13 million, a price-to-earnings ratio of 19.67, a PEG ratio of 1.36 and a beta of 2.02. The stock’s fifty day moving average is $6.35 and its two-hundred day moving average is $6.86.

Denny’s (NASDAQ:DENN) last released its quarterly earnings results 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 48.64%. The business had revenue of $111.76 million during the quarter, compared to analyst estimates of $115.46 million. During the same quarter in the prior year, the company earned $0.17 earnings per share. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Denny’s Co. will post 0.52 EPS for the current year.

Institutional Trading of Denny’s

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

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.