Denny’s Corp. (DENN) Sees Large Volume Increase
Denny’s Corp. (NASDAQ:DENN) shares saw strong trading volume on Thursday . 562,443 shares traded 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.
Several equities research analysts have recently commented on the stock. Zacks Investment Research upgraded shares of Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a research report on Friday. Wedbush lifted their price target on shares of Denny’s Corp. from $13.00 to $14.00 and gave the stock an “outperform” rating in a research report on Tuesday, May 3rd. Nomura assumed coverage on shares of Denny’s Corp. in a research report on Wednesday, April 20th. They set a “neutral” rating and a $11.00 price target for the company. Finally, Stephens reiterated an “overweight” rating and set a $12.00 price target on shares of Denny’s Corp. in a research report on Thursday, May 5th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $12.40.
The stock has a market capitalization of $835.63 million and a PE ratio of 24.23. The stock’s 50-day moving average price is $11.00 and its 200 day moving average price is $10.39.
Denny’s Corp. (NASDAQ:DENN) last announced its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $124.32 million for the quarter, compared to analyst estimates of $125.78 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, equities analysts forecast that Denny’s Corp. will post $0.52 EPS for the current year.
In other news, VP Stephen C. Dunn sold 12,500 shares of the stock in a transaction dated Friday, June 17th. The shares were sold at an average price of $10.81, for a total value of $135,125.00. Following the completion of the transaction, the vice president now owns 94,197 shares of the company’s stock, valued at $1,018,269.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.
An institutional investor recently raised its position in Denny’s Corp. stock. California State Teachers Retirement System increased its position in Denny’s Corp. (NASDAQ:DENN) by 1.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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 reporting 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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