Denny’s Corp. (DENN) Receives Outperform Rating from Wedbush
Denny’s Corp. (NASDAQ:DENN)‘s stock had its “outperform” rating restated by Wedbush in a note issued to investors on Saturday. They presently have a $14.00 price target on the stock. Wedbush’s price target would suggest a potential upside of 33.08% from the stock’s previous close.
Separately, Zacks Investment Research upgraded shares of Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target on the stock in a report on Friday, August 5th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $12.40.
Shares of Denny’s Corp. (NASDAQ:DENN) traded up 2.83% during trading on Friday, hitting $10.52. 319,064 shares of the stock were exchanged. Denny’s Corp. has a 12-month low of $8.71 and a 12-month high of $11.89. The stock’s 50 day moving average is $10.50 and its 200-day moving average is $10.67. The stock has a market cap of $786.92 million, a price-to-earnings ratio of 52.86 and a beta of 0.48.
Denny’s Corp. (NASDAQ:DENN) last released its earnings results on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Denny’s Corp. had a net margin of 3.24% and a negative return on equity of 86.04%. The business had revenue of $124.32 million for the quarter, compared to the consensus estimate of $125.78 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up .8% on a year-over-year basis. Equities research analysts anticipate that Denny’s Corp. will post $0.52 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in DENN. Royal Bank of Canada raised its position in Denny’s Corp. by 8.6% in the second quarter. Royal Bank of Canada now owns 9,341 shares of the company’s stock valued at $100,000 after buying an additional 737 shares in the last quarter. Paradigm Asset Management Co. LLC bought a new position in Denny’s Corp. during the second quarter valued at $101,000. Victory Capital Management Inc. raised its position in Denny’s Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 9,425 shares of the company’s stock valued at $101,000 after buying an additional 4,107 shares in the last quarter. Trexquant Investment LP bought a new position in Denny’s Corp. during the second quarter valued at $110,000. Finally, Airain ltd bought a new position in Denny’s Corp. during the second quarter valued at $111,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.
Denny’s Corp. Company Profile
Denny’s Corporation (Denny’s) is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and company operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.
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