Denny’s (NASDAQ:DENN) Price Target Cut to $10.00 by Analysts at Benchmark

Denny’s (NASDAQ:DENN) had its target price decreased by Benchmark from $15.00 to $10.00 in a research report report published on Friday, Benzinga reports. Benchmark currently has a buy rating on the restaurant operator’s stock.

Other equities research analysts have also recently issued research reports about the company. Truist Financial decreased their target price on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. StockNews.com upgraded shares of Denny’s from a “hold” rating to a “buy” rating in a report on Wednesday. Oppenheimer cut their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and upped their price objective for the company from $7.00 to $7.50 in a research note on Friday. Finally, Wedbush decreased their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Denny’s has a consensus rating of “Moderate Buy” and a consensus target price of $8.10.

Denny’s Trading Up 4.8 %

Shares of NASDAQ:DENN opened at $6.56 on Friday. The company has a market cap of $341.24 million, a PE ratio of 15.26, a P/E/G ratio of 1.11 and a beta of 2.02. The company’s 50 day moving average is $6.31 and its two-hundred day moving average is $6.93. Denny’s has a 52 week low of $5.37 and a 52 week high of $11.16.

Denny’s (NASDAQ:DENN) last posted its 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). The business had revenue of $111.76 million during the quarter, compared to analysts’ expectations 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 quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company earned $0.17 EPS. As a group, equities research analysts expect that Denny’s will post 0.55 EPS for the current year.

Institutional Trading of Denny’s

Several institutional investors and hedge funds have recently added to or reduced their stakes in DENN. Quest Partners LLC acquired a new position in shares of Denny’s in the second quarter valued at approximately $25,000. CWM LLC increased its stake in 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 buying an additional 3,239 shares during the period. Quarry LP raised its position in Denny’s by 161.5% during the 2nd quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $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 2nd quarter worth $31,000. Finally, Sanctuary Advisors LLC acquired a new position in shares of Denny’s during the second quarter worth about $77,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

About Denny’s

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.