Denny’s Corp. (DENN) Stock Price Up 3.7%
Shares of Denny’s Corp. (NASDAQ:DENN) rose 3.7% during mid-day trading on Friday . The company traded as high as $11.77 and last traded at $11.77, with a volume of 249,404 shares traded. The stock had previously closed at $11.35.
DENN has been the subject of a number of recent research reports. Stephens reissued an “overweight” rating and issued a $12.00 target price on shares of Denny’s Corp. in a research report on Thursday, May 5th. Zacks Investment Research raised Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 target price for the company in a research report on Wednesday, May 4th. Nomura Holdings Inc. assumed coverage on Denny’s Corp. in a research report on Wednesday, April 20th. They issued a “neutral” rating and a $11.00 price target for the company. Finally, Wedbush lifted their price target on Denny’s Corp. from $13.00 to $14.00 and gave the company an “outperform” rating in a research report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $12.40.
The company has a market capitalization of $905.52 million and a P/E ratio of 26.26. The firm’s 50-day moving average is $10.97 and its 200 day moving average is $10.26.
Denny’s Corp. (NASDAQ:DENN) last released its quarterly earnings data on Monday, May 2nd. The company reported $0.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.11 by $0.01. During the same period last year, the company posted $0.10 earnings per share. The business earned $124.64 million during the quarter, compared to the consensus estimate of $122.93 million. The business’s revenue was up 3.7% compared to the same quarter last year. On average, equities analysts anticipate that Denny’s Corp. will post $0.51 EPS for the current year.
In related news, VP Stephen C. Dunn sold 12,500 shares of the company’s stock in a transaction that occurred on Friday, June 17th. The stock was sold at an average price of $10.81, for a total value of $135,125.00. Following the transaction, the vice president now directly owns 94,197 shares of the company’s stock, valued at approximately $1,018,269.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A number of institutional investors have added to or reduced their stakes in DENN. California State Teachers Retirement System boosted its position in Denny’s Corp. by 1.6% in the fourth quarter. California State Teachers Retirement System now owns 156,334 shares of the company’s stock valued at $1,537,000 after buying an additional 2,454 shares during the period. Deere & Co. boosted its position in Denny’s Corp. by 13.9% in the fourth quarter. Deere & Co. now owns 218,237 shares of the company’s stock valued at $2,145,000 after buying an additional 26,665 shares during the period. Russell Frank Co boosted its position in Denny’s Corp. by 21.0% in the fourth quarter. Russell Frank Co now owns 229,624 shares of the company’s stock valued at $2,294,000 after buying an additional 39,924 shares during the period. Finally, Dimensional Fund Advisors LP boosted its position in Denny’s Corp. by 11.8% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,899,991 shares of the company’s stock valued at $18,677,000 after buying an additional 200,576 shares during the period.
Denny’s Corporation (Denny’s) is a franchised full-service restaurant chain. The Company, through its wholly owned subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. Its other wholly owned subsidiaries include DFO, LLC and Denny’s Realty, LLC. The Denny’s brand consisted of approximately 1,702 franchised, licensed and the Company operated restaurants around the world, including over 1,596 restaurants in the United States and over 106 international locations.
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