Denny’s Corporation (DENN) Receives $12.00 Consensus PT from Analysts

Shares of Denny’s Corporation (NASDAQ:DENN) have received a consensus rating of “Hold” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating on the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $12.00.

A number of equities analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Denny’s from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. TheStreet upgraded shares of Denny’s from a “c+” rating to a “b-” rating in a report on Monday, October 16th. Finally, BidaskClub downgraded shares of Denny’s from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th.

Shares of Denny’s (DENN) traded down $0.01 during trading on Thursday, reaching $13.26. 132,179 shares of the company’s stock were exchanged, compared to its average volume of 241,697. The stock has a market cap of $865.65, a P/E ratio of 23.26 and a beta of 0.57. The company has a debt-to-equity ratio of -2.95, a quick ratio of 0.36 and a current ratio of 0.40. Denny’s has a 52 week low of $10.87 and a 52 week high of $14.25.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.14. The business had revenue of $132.38 million during the quarter, compared to the consensus estimate of $133.58 million. Denny’s had a net margin of 7.21% and a negative return on equity of 52.30%. The business’s revenue was up 3.1% compared to the same quarter last year. During the same quarter last year, the firm posted $0.13 EPS. equities analysts anticipate that Denny’s will post 0.55 EPS for the current year.

In other news, VP Timothy E. Flemming sold 37,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $12.54, for a total value of $463,980.00. Following the completion of the transaction, the vice president now owns 161,741 shares in the company, valued at approximately $2,028,232.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Stephen C. Dunn sold 5,111 shares of the stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $11.89, for a total transaction of $60,769.79. Following the completion of the transaction, the vice president now owns 93,179 shares of the company’s stock, valued at approximately $1,107,898.31. The disclosure for this sale can be found here. Insiders sold a total of 108,731 shares of company stock valued at $1,399,257 in the last quarter. Insiders own 5.20% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Rice Hall James & Associates LLC grew its stake in Denny’s by 1.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 16,066 shares of the restaurant operator’s stock valued at $189,000 after acquiring an additional 161 shares during the last quarter. Aperio Group LLC grew its stake in Denny’s by 5.1% in the 2nd quarter. Aperio Group LLC now owns 26,741 shares of the restaurant operator’s stock valued at $315,000 after acquiring an additional 1,298 shares during the last quarter. Voya Investment Management LLC grew its stake in Denny’s by 5.6% in the 2nd quarter. Voya Investment Management LLC now owns 46,184 shares of the restaurant operator’s stock valued at $544,000 after acquiring an additional 2,460 shares during the last quarter. BW Gestao de Investimentos Ltda. grew its stake in Denny’s by 7.1% in the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 41,721 shares of the restaurant operator’s stock valued at $491,000 after acquiring an additional 2,750 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in Denny’s by 68.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 4,041 shares during the last quarter. 91.53% of the stock is currently owned by hedge funds and other institutional investors.

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About Denny’s

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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