Denny’s Corp. (DENN) Sees Unusually-High Trading Volume
Denny’s Corp. (NASDAQ:DENN) saw unusually-high trading volume on Thursday . Approximately 562,443 shares changed hands during trading, an increase of 73% from the previous session’s volume of 324,305 shares.The stock last traded at $10.81 and had previously closed at $10.89.
DENN has been the subject of several recent research reports. Nomura initiated coverage on Denny’s Corp. in a research report on Wednesday, April 20th. They set a “neutral” rating and a $11.00 price objective for the company. Wedbush raised their price objective 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. Zacks Investment Research raised Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Wednesday, May 4th. Finally, Stephens reissued an “overweight” rating and set a $12.00 price objective on shares of Denny’s Corp. in a research report on Thursday, May 5th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $12.40.
The company has a market capitalization of $823.34 million and a PE ratio of 23.88. The stock has a 50-day moving average of $11.00 and a 200-day moving average of $10.38.
Denny’s Corp. (NASDAQ:DENN) last released its earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $124.32 million for the quarter, compared to the consensus estimate of $125.78 million. During the same period in the prior year, the firm posted $0.11 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, equities research analysts expect that Denny’s Corp. will post $0.51 earnings per share for the current year.
In other Denny’s Corp. news, VP Stephen C. Dunn sold 12,500 shares of the company’s stock in a transaction 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 owns 94,197 shares of the company’s stock, valued at approximately $1,018,269.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently raised its stake in Denny’s Corp. stock. California State Teachers Retirement System raised its stake in shares of Denny’s Corp. (NASDAQ:DENN) by 1.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 156,334 shares of the company’s stock after buying an additional 2,454 shares during the period. California State Teachers Retirement System owned approximately 0.19% of Denny’s Corp. worth $1,537,000 at the end of the most recent quarter.
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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