Piper Sandler Lowers Denny’s (NASDAQ:DENN) Price Target to $6.00

Denny’s (NASDAQ:DENN) had its price objective decreased by Piper Sandler from $7.00 to $6.00 in a research report released on Tuesday,Benzinga reports. Piper Sandler currently has a neutral rating on the restaurant operator’s stock.

Other equities analysts have also issued reports about the stock. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Truist Financial cut their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Benchmark cut their price objective on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Wedbush cut their price objective on shares of Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Citigroup cut their price target on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $7.75.

Denny’s Stock Up 8.3 %

DENN opened at $5.26 on Tuesday. The company has a market capitalization of $270.10 million, a price-to-earnings ratio of 15.95, a PEG ratio of 1.27 and a beta of 2.02. The firm has a 50-day moving average price of $6.06 and a 200-day moving average price of $6.25. Denny’s has a twelve month low of $4.82 and a twelve month high of $9.52.

Denny’s (NASDAQ:DENN) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. On average, sell-side analysts expect that Denny’s will post 0.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP lifted its position in Denny’s by 178.4% during the fourth quarter. Quarry LP now owns 9,618 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 6,163 shares during the period. Marshall Wace LLP purchased a new position in Denny’s during the fourth quarter valued at $61,000. RPO LLC bought a new stake in Denny’s in the fourth quarter worth $63,000. Sanctuary Advisors LLC bought a new position in shares of Denny’s during the second quarter valued at $77,000. Finally, FMR LLC increased its holdings in shares of Denny’s by 95.2% during the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 5,970 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

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.