Denny’s Corp.’s (DENN) “Outperform” Rating Reaffirmed at Wedbush
Separately, Zacks Investment Research lowered shares of Denny’s Corp. from a buy rating to a hold rating in a research report on Monday, July 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Denny’s Corp. currently has an average rating of Hold and a consensus target price of $12.40.
Shares of Denny’s Corp. (NASDAQ:DENN) traded up 2.83% during midday trading on Friday, reaching $10.52. 319,064 shares of the company were exchanged. The stock’s 50-day moving average price is $10.50 and its 200-day moving average price is $10.67. Denny’s Corp. has a 52-week low of $8.71 and a 52-week high of $11.89. The company has a market capitalization of $786.92 million, a PE ratio of 52.86 and a beta of 0.48.
Denny’s Corp. (NASDAQ:DENN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Denny’s Corp. had a net margin of 3.24% and a negative return on equity of 86.04%. The company earned $124.32 million during the quarter, compared to analyst estimates of $125.78 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. Analysts anticipate that Denny’s Corp. will post $0.52 EPS for the current year.
Large investors have recently added to or reduced their stakes in the stock. Granite Point Capital Management L.P. purchased a new stake in Denny’s Corp. during the second quarter worth $869,000. Emerald Acquisition Ltd. purchased a new stake in Denny’s Corp. during the second quarter worth $2,454,000. Suntrust Banks Inc. raised its stake in Denny’s Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 13,658 shares of the company’s stock worth $146,000 after buying an additional 739 shares during the last quarter. HL Financial Services LLC raised its stake in Denny’s Corp. by 15.4% in the second quarter. HL Financial Services LLC now owns 70,837 shares of the company’s stock worth $760,000 after buying an additional 9,434 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Denny’s Corp. during the second quarter worth $5,897,000. 91.10% of the stock is owned by institutional investors and hedge funds.
Denny’s Corp. Company Profile
Denny’s Corporation (Denny’s) is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and company operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.
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