Brokerages Set Denny’s Co. (NASDAQ:DENN) Target Price at $7.63

Shares of Denny’s Co. (NASDAQ:DENN) have earned an average rating of “Moderate Buy” from the six research firms that are covering the company, Marketbeat reports. One analyst has rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $7.63.

A number of research analysts recently issued reports on DENN shares. Piper Sandler lowered 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 note on Tuesday, February 18th. Wedbush lowered their price target on Denny’s from $10.00 to $8.50 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Oppenheimer cut their price objective on Denny’s from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Citigroup lowered their target price on Denny’s from $7.00 to $6.25 and set a “buy” rating on the stock in a report on Thursday, April 24th. Finally, StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th.

Insider Activity at Denny’s

In other Denny’s news, EVP Stephen C. Dunn purchased 9,815 shares of the firm’s stock in a transaction on Wednesday, February 26th. The shares were purchased at an average price of $5.08 per share, for a total transaction of $49,860.20. Following the completion of the purchase, the executive vice president now directly owns 113,666 shares of the company’s stock, valued at approximately $577,423.28. This represents a 9.45 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Kelli Valade acquired 9,700 shares of the company’s stock in a transaction dated Thursday, February 20th. The stock was acquired at an average price of $5.13 per share, with a total value of $49,761.00. Following the purchase, the chief executive officer now owns 192,806 shares in the company, valued at approximately $989,094.78. This represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought 20,465 shares of company stock worth $104,457 over the last three months. Company insiders own 4.20% of the company’s stock.

Institutional Trading of Denny’s

A number of institutional investors and hedge funds have recently added to or reduced their stakes in DENN. Boston Partners boosted its holdings in Denny’s by 2,820.6% during the fourth quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator’s stock valued at $10,081,000 after purchasing an additional 1,608,854 shares in the last quarter. First Eagle Investment Management LLC grew its position in Denny’s by 19.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator’s stock valued at $10,077,000 after acquiring an additional 274,459 shares during the period. Wellington Management Group LLP raised its stake in Denny’s by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator’s stock worth $9,432,000 after acquiring an additional 267,694 shares in the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Denny’s by 24.9% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 1,265,381 shares of the restaurant operator’s stock valued at $7,656,000 after acquiring an additional 251,874 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Denny’s by 0.6% during the fourth quarter. Geode Capital Management LLC now owns 1,187,850 shares of the restaurant operator’s stock valued at $7,188,000 after acquiring an additional 6,971 shares during the period. Institutional investors own 85.07% of the company’s stock.

Denny’s Price Performance

Shares of NASDAQ:DENN opened at $3.79 on Friday. The stock has a market capitalization of $195.09 million, a P/E ratio of 9.24 and a beta of 1.63. The business has a 50-day moving average of $3.74 and a two-hundred day moving average of $5.34. Denny’s has a fifty-two week low of $2.85 and a fifty-two week high of $8.30.

Denny’s (NASDAQ:DENN) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a negative return on equity of 50.01% and a net margin of 4.77%. As a group, research analysts expect that Denny’s will post 0.5 EPS for the current fiscal year.

About Denny’s

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.