Denny’s (NASDAQ:DENN) Stock Price Passes Above 200 Day Moving Average – Time to Sell?

Denny’s Corporation (NASDAQ:DENN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $4.16 and traded as high as $5.12. Denny’s shares last traded at $5.02, with a volume of 334,333 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday. Piper Sandler set a $4.00 price target on Denny’s and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Finally, Benchmark decreased their price target on Denny’s from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Denny’s currently has an average rating of “Moderate Buy” and a consensus price target of $6.46.

Denny’s Price Performance

The company has a market cap of $258.53 million, a PE ratio of 16.19 and a beta of 1.63. The company has a fifty day moving average price of $4.65 and a 200 day moving average price of $4.16.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Monday, August 4th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The business had revenue of $117.66 million for the quarter, compared to analysts’ expectations of $118.14 million. During the same period in the previous year, the firm posted $0.13 EPS. The firm’s revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, sell-side analysts predict that Denny’s Corporation will post 0.5 EPS for the current fiscal year.

Institutional Trading of Denny’s

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Captrust Financial Advisors purchased a new stake in Denny’s in the second quarter worth approximately $288,000. Monimus Capital Management LP purchased a new stake in Denny’s in the second quarter worth approximately $1,307,000. Man Group plc purchased a new stake in Denny’s in the second quarter worth approximately $120,000. Balyasny Asset Management L.P. purchased a new stake in Denny’s in the second quarter worth approximately $534,000. Finally, Ameriprise Financial Inc. boosted its stake in Denny’s by 19.3% in the second quarter. Ameriprise Financial Inc. now owns 400,860 shares of the restaurant operator’s stock worth $1,644,000 after buying an additional 64,792 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.