Shares of Denny’s Corp (NASDAQ:DENN) have been given an average rating of “Buy” by the six analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $19.67.
DENN has been the topic of several analyst reports. Maxim Group restated a “buy” rating and set a $21.00 price target on shares of Denny’s in a report on Wednesday, April 24th. Zacks Investment Research upgraded shares of Denny’s from a “sell” rating to a “hold” rating in a research note on Friday, April 19th. BidaskClub cut shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, April 1st. Finally, Wedbush reiterated a “buy” rating and issued a $20.00 target price on shares of Denny’s in a research note on Monday, February 11th.
In other Denny’s news, EVP F Mark Wolfinger sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $19.38, for a total value of $96,900.00. Following the transaction, the executive vice president now directly owns 780,980 shares in the company, valued at $15,135,392.40. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, VP Stephen C. Dunn sold 12,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $17.68, for a total transaction of $212,160.00. Following the completion of the transaction, the vice president now owns 99,199 shares in the company, valued at $1,753,838.32. The disclosure for this sale can be found here. Over the last quarter, insiders sold 191,778 shares of company stock worth $3,487,369. Corporate insiders own 6.10% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in DENN. MetLife Investment Advisors LLC raised its position in shares of Denny’s by 29.8% in the third quarter. MetLife Investment Advisors LLC now owns 41,444 shares of the restaurant operator’s stock valued at $610,000 after purchasing an additional 9,504 shares during the period. AQR Capital Management LLC raised its position in shares of Denny’s by 20.3% in the third quarter. AQR Capital Management LLC now owns 89,995 shares of the restaurant operator’s stock valued at $1,325,000 after purchasing an additional 15,182 shares during the period. Morgan Stanley raised its position in shares of Denny’s by 9.9% in the third quarter. Morgan Stanley now owns 155,400 shares of the restaurant operator’s stock valued at $2,287,000 after purchasing an additional 13,987 shares during the period. Vanguard Group Inc. raised its position in shares of Denny’s by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after purchasing an additional 47,047 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Denny’s in the third quarter valued at approximately $374,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.
Denny’s stock traded down $0.07 during midday trading on Thursday, hitting $19.58. 220,236 shares of the stock were exchanged, compared to its average volume of 403,260. Denny’s has a 52-week low of $13.32 and a 52-week high of $20.41. The stock has a market cap of $1.18 billion, a PE ratio of 28.79 and a beta of 0.17.
Denny’s (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Denny’s had a net margin of 7.89% and a negative return on equity of 34.51%. The business had revenue of $151.41 million for the quarter, compared to analysts’ expectations of $149.01 million. During the same period in the previous year, the company earned $0.15 earnings per share. The firm’s revenue for the quarter was down 2.5% compared to the same quarter last year. On average, equities analysts predict that Denny’s will post 0.61 EPS for the current fiscal year.
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.
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