Denny’s Corporation (DENN) Stock Rating Reaffirmed by Wedbush
Denny’s Corporation (NASDAQ:DENN)‘s stock had its “outperform” rating reissued by Wedbush in a report issued on Thursday. They presently have a $14.00 price target on the stock. Wedbush’s price objective points to a potential upside of 1.67% from the stock’s previous close.
Separately, Zacks Investment Research downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Monday, January 16th.
Denny’s Corporation (NASDAQ:DENN) traded up 11.95% during trading on Thursday, reaching $13.77. The company had a trading volume of 1,877,796 shares. Denny’s Corporation has a 12-month low of $9.59 and a 12-month high of $14.25. The firm’s 50 day moving average price is $12.40 and its 200 day moving average price is $11.52. The firm has a market capitalization of $1.01 billion, a PE ratio of 68.51 and a beta of 0.45.
Denny’s Corporation (NASDAQ:DENN) last released its earnings results on Wednesday, February 15th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.04. Denny’s Corporation had a net margin of 3.37% and a negative return on equity of 68.96%. The firm earned $129.60 million during the quarter, compared to analyst estimates of $128.95 million. Equities research analysts forecast that Denny’s Corporation will post $0.51 EPS for the current year.
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In related news, VP Pelt Jill A. Van sold 9,200 shares of the firm’s stock in a transaction that occurred on Thursday, December 8th. The shares were sold at an average price of $12.68, for a total transaction of $116,656.00. Following the completion of the sale, the vice president now owns 68,119 shares of the company’s stock, valued at $863,748.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 4.70% of the stock is owned by company insiders.
Several large investors have recently made changes to their positions in DENN. Royal Bank of Canada increased its stake in Denny’s Corporation by 8.6% in the second quarter. Royal Bank of Canada now owns 9,341 shares of the company’s stock worth $100,000 after buying an additional 737 shares during the period. Airain ltd bought a new stake in Denny’s Corporation during the second quarter worth approximately $111,000. Teacher Retirement System of Texas increased its stake in Denny’s Corporation by 11.4% in the second quarter. Teacher Retirement System of Texas now owns 11,035 shares of the company’s stock worth $118,000 after buying an additional 1,126 shares during the period. Rice Hall James & Associates LLC increased its stake in Denny’s Corporation by 1.1% in the third quarter. Rice Hall James & Associates LLC now owns 12,831 shares of the company’s stock worth $137,000 after buying an additional 143 shares during the period. Finally, Aperio Group LLC increased its stake in Denny’s Corporation by 2.7% in the third quarter. Aperio Group LLC now owns 17,353 shares of the company’s stock worth $186,000 after buying an additional 450 shares during the period. 89.02% of the stock is owned by institutional investors.
About Denny’s Corporation
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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