Denny’s (NASDAQ:DENN) Upgraded at StockNews.com

StockNews.com upgraded shares of Denny’s (NASDAQ:DENN) from a hold rating to a buy rating in a research note issued to investors on Tuesday.

Several other brokerages have also weighed in on DENN. Wedbush cut their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 23rd. Benchmark dropped their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Truist Financial decreased 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 note on Monday, October 28th. Oppenheimer cut their target price on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 23rd. Finally, Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

Denny’s Stock Performance

Shares of DENN opened at $6.00 on Tuesday. Denny’s has a 1 year low of $5.37 and a 1 year high of $11.16. The stock has a market capitalization of $307.97 million, a PE ratio of 18.18, a PEG ratio of 1.33 and a beta of 2.02. The stock has a 50-day simple moving average of $6.38 and a 200-day simple moving average of $6.49.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm 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 48.64%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.17 earnings per share. Analysts predict that Denny’s will post 0.52 EPS for the current year.

Hedge Funds Weigh In On Denny’s

Several institutional investors have recently added to or reduced their stakes in DENN. JPMorgan Chase & Co. grew its stake in shares of Denny’s by 244.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator’s stock valued at $489,000 after purchasing an additional 53,763 shares during the last quarter. Barclays PLC increased its stake in Denny’s by 342.5% in the 3rd quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock valued at $531,000 after buying an additional 63,668 shares during the period. Geode Capital Management LLC raised its position in Denny’s by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after buying an additional 3,902 shares during the last quarter. XTX Topco Ltd boosted its holdings in shares of Denny’s by 588.2% in the third quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator’s stock valued at $564,000 after acquiring an additional 74,760 shares in the last quarter. Finally, State Street Corp increased its stake in shares of Denny’s by 0.3% during the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock worth $7,585,000 after acquiring an additional 3,142 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Company Profile

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.