Denny’s (NASDAQ:DENN) Lifted to “Buy” at StockNews.com

StockNews.com upgraded shares of Denny’s (NASDAQ:DENN) from a hold rating to a buy rating in a research report report published on Friday morning.

Other equities analysts also recently issued reports about the stock. Wedbush cut their price target on shares of Denny’s from $11.00 to $10.50 and set a neutral rating on the stock in a report on Wednesday, February 14th. Truist Financial lowered their price objective on shares of Denny’s from $13.00 to $12.00 and set a buy rating for the company in a research report on Wednesday, February 14th. Finally, Oppenheimer lowered their price objective on shares of Denny’s from $13.00 to $12.00 and set an outperform rating for the company in a research report on Wednesday, February 14th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Denny’s currently has a consensus rating of Moderate Buy and an average price target of $11.92.

Denny’s Stock Up 1.4 %

Denny’s stock opened at $8.17 on Friday. The company’s 50-day moving average price is $8.95 and its 200-day moving average price is $9.51. Denny’s has a twelve month low of $8.00 and a twelve month high of $12.53. The company has a market cap of $433.83 million, a PE ratio of 23.34, a price-to-earnings-growth ratio of 1.39 and a beta of 1.93.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). Denny’s had a negative return on equity of 70.78% and a net margin of 4.30%. The business had revenue of $115.40 million during the quarter, compared to the consensus estimate of $115.67 million. During the same quarter last year, the firm earned $0.18 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis. As a group, sell-side analysts expect that Denny’s will post 0.64 earnings per share for the current fiscal year.

Insider Activity at Denny’s

In related news, Director John C. Miller sold 35,359 shares of the stock in a transaction that occurred on Monday, February 26th. The shares were sold at an average price of $9.25, for a total transaction of $327,070.75. Following the completion of the sale, the director now owns 740,626 shares of the company’s stock, valued at $6,850,790.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 4.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of DENN. Quantbot Technologies LP acquired a new stake in shares of Denny’s in the first quarter worth $29,000. Tower Research Capital LLC TRC increased its stake in shares of Denny’s by 100.8% in the second quarter. Tower Research Capital LLC TRC now owns 3,317 shares of the restaurant operator’s stock worth $41,000 after acquiring an additional 1,665 shares during the period. Metropolitan Life Insurance Co NY increased its stake in shares of Denny’s by 31.4% in the fourth quarter. Metropolitan Life Insurance Co NY now owns 3,535 shares of the restaurant operator’s stock worth $33,000 after acquiring an additional 844 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Denny’s by 37.3% in the first quarter. First Horizon Advisors Inc. now owns 3,920 shares of the restaurant operator’s stock worth $44,000 after acquiring an additional 1,065 shares during the period. Finally, Quadrant Capital Group LLC grew its position in Denny’s by 126.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 2,536 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.