Denny’s Corporation (DENN) Raised to B- at TheStreet
A number of other research analysts also recently weighed in on DENN. Wedbush reissued an outperform rating on shares of Denny’s Corporation in a research note on Tuesday, August 8th. Zacks Investment Research raised Denny’s Corporation from a sell rating to a hold rating in a research note on Tuesday, October 3rd. Finally, BidaskClub downgraded Denny’s Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of Hold and an average price target of $12.67.
Shares of Denny’s Corporation (NASDAQ DENN) opened at 13.13 on Monday. The company has a market cap of $882.01 million, a P/E ratio of 25.75 and a beta of 0.60. The stock’s 50 day moving average price is $12.35 and its 200 day moving average price is $12.02. Denny’s Corporation has a 1-year low of $10.02 and a 1-year high of $14.25.
Denny’s Corporation (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.15 by ($0.01). The company had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. Denny’s Corporation had a net margin of 7.34% and a negative return on equity of 60.77%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. Equities research analysts forecast that Denny’s Corporation will post $0.56 earnings per share for the current year.
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In related news, VP Stephen C. Dunn sold 5,111 shares of the firm’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the sale, the vice president now owns 93,179 shares of the company’s stock, valued at approximately $1,107,898.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 5.20% of the company’s stock.
Institutional investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. raised its stake in Denny’s Corporation by 68.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after buying an additional 4,041 shares during the period. SG Americas Securities LLC acquired a new stake in Denny’s Corporation during the 1st quarter worth $119,000. BNP Paribas Arbitrage SA raised its stake in Denny’s Corporation by 939.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock worth $134,000 after buying an additional 10,282 shares during the period. HighTower Advisors LLC raised its stake in Denny’s Corporation by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock worth $150,000 after buying an additional 666 shares during the period. Finally, Citadel Advisors LLC acquired a new stake in shares of Denny’s Corporation in the 1st quarter valued at about $162,000. 92.41% of the stock is currently owned by institutional investors and hedge funds.
About Denny’s Corporation
Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.
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