Denny’s (NASDAQ:DENN) Price Target Cut to $8.50 by Analysts at Wedbush

Denny’s (NASDAQ:DENN) had its price target cut by Wedbush from $10.00 to $8.50 in a research report released on Thursday,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock. Wedbush also issued estimates for Denny’s’ Q1 2025 earnings at $0.10 EPS, Q3 2025 earnings at $0.14 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.53 EPS.

Other research analysts also recently issued research reports about the stock. Truist Financial dropped their price target on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and boosted their target price for the company from $7.00 to $7.50 in a report on Friday, October 25th. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Oppenheimer boosted their price objective on Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research note on Tuesday, January 7th. Finally, Benchmark cut their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, Denny’s currently has an average rating of “Moderate Buy” and a consensus price target of $8.10.

Denny’s Stock Up 4.9 %

Shares of NASDAQ:DENN opened at $5.37 on Thursday. The firm has a market cap of $275.64 million, a P/E ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 2.02. Denny’s has a 12-month low of $4.91 and a 12-month high of $9.56. The business has a fifty day simple moving average of $6.14 and a 200 day simple moving average of $6.31.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data 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 48.64% and a net margin of 3.90%. As a group, equities research analysts expect that Denny’s will post 0.52 EPS for the current year.

Institutional Trading of Denny’s

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Marshall Wace LLP acquired a new stake in Denny’s in the fourth quarter valued at approximately $61,000. RPO LLC bought a new position in shares of Denny’s in the 4th quarter worth $63,000. Sanctuary Advisors LLC acquired a new stake in Denny’s in the 2nd quarter valued at $77,000. FMR LLC increased its stake in Denny’s by 95.2% during the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 5,970 shares in the last quarter. Finally, Intech Investment Management LLC acquired a new position in Denny’s during the third quarter worth $83,000. 85.07% of the stock is owned by institutional investors.

Denny’s Company Profile

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.