Denny’s Corp (NASDAQ:DENN) shares reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $20.85 and last traded at $20.70, with a volume of 4837 shares trading hands. The stock had previously closed at $20.62.

A number of research analysts have issued reports on the company. Maxim Group cut Denny’s from a “buy” rating to a “hold” rating and set a $21.00 target price on the stock. in a research report on Tuesday. Zacks Investment Research upgraded Denny’s from a “sell” rating to a “hold” rating in a research report on Friday, February 22nd. Finally, BidaskClub upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $20.00.

The stock has a market cap of $1.24 billion, a PE ratio of 30.41 and a beta of 0.13.

Denny’s (NASDAQ:DENN) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $151.41 million for the quarter, compared to analysts’ expectations of $149.01 million. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The business’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.15 earnings per share. Sell-side analysts expect that Denny’s Corp will post 0.64 earnings per share for the current year.

In other news, VP Stephen C. Dunn sold 12,000 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.68, for a total transaction of $212,160.00. Following the sale, the vice president now directly owns 99,199 shares in the company, valued at $1,753,838.32. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP F Mark Wolfinger sold 5,000 shares of the business’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $19.38, for a total value of $96,900.00. Following the sale, the executive vice president now owns 780,980 shares in the company, valued at $15,135,392.40. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 103,484 shares of company stock worth $2,007,417. Company insiders own 6.10% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DENN. FMR LLC boosted its holdings in Denny’s by 102.6% in the first quarter. FMR LLC now owns 2,391,010 shares of the restaurant operator’s stock valued at $43,874,000 after acquiring an additional 1,211,020 shares during the last quarter. Monarch Partners Asset Management LLC bought a new stake in Denny’s in the first quarter valued at approximately $8,827,000. Millennium Management LLC boosted its holdings in Denny’s by 189.5% in the fourth quarter. Millennium Management LLC now owns 462,051 shares of the restaurant operator’s stock valued at $7,490,000 after acquiring an additional 302,473 shares during the last quarter. Nomura Holdings Inc. bought a new stake in Denny’s in the fourth quarter valued at approximately $3,480,000. Finally, Martingale Asset Management L P boosted its holdings in Denny’s by 85.4% in the first quarter. Martingale Asset Management L P now owns 296,824 shares of the restaurant operator’s stock valued at $5,447,000 after acquiring an additional 136,710 shares during the last quarter. Institutional investors own 92.85% of the company’s stock.

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About Denny’s (NASDAQ:DENN)

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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