Denny’s (NASDAQ:DENN) Cut to Hold at StockNews.com

StockNews.com downgraded shares of Denny’s (NASDAQ:DENN) from a buy rating to a hold rating in a research report sent to investors on Thursday.

DENN has been the subject of a number of other reports. Wedbush cut their price objective on Denny’s from $10.50 to $9.50 and set a neutral rating for the company in a research report on Friday, April 26th. Benchmark reiterated a buy rating and issued a $15.00 price target on shares of Denny’s in a research note on Wednesday. Truist Financial cut 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 decreased their target price on Denny’s from $12.00 to $11.00 and set an outperform rating on the stock in a research report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of Hold and a consensus target price of $11.42.

Denny’s Trading Up 0.4 %

Shares of Denny’s stock traded up $0.03 on Thursday, reaching $8.09. 750,263 shares of the company were exchanged, compared to its average volume of 522,270. Denny’s has a one year low of $7.82 and a one year high of $12.53. The company has a 50-day moving average of $8.70 and a 200 day moving average of $9.50. The company has a market capitalization of $420.84 million, a price-to-earnings ratio of 18.81, a PEG ratio of 1.50 and a beta of 1.94.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $109.97 million during the quarter, compared to the consensus estimate of $115.17 million. Denny’s had a net margin of 5.27% and a negative return on equity of 63.27%. The business’s revenue was down 6.4% on a year-over-year basis. During the same period last year, the business earned $0.13 EPS. Analysts predict that Denny’s will post 0.6 earnings per share for the current year.

Insider Buying and Selling

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of DENN. Quadrant Capital Group LLC lifted 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 worth $49,000 after purchasing an additional 2,536 shares during the period. Corton Capital Inc. acquired a new position in shares of Denny’s in the 3rd quarter valued at approximately $89,000. Quest Partners LLC bought a new stake in shares of Denny’s during the 4th quarter worth approximately $96,000. Jump Financial LLC acquired a new stake in shares of Denny’s during the 3rd quarter worth approximately $122,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Denny’s by 45.9% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,403 shares of the restaurant operator’s stock valued at $130,000 after acquiring an additional 4,843 shares during the last quarter. Institutional investors 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.