Somewhat Positive Press Coverage Somewhat Unlikely to Impact Denny’s Corporation (DENN) Share Price
News coverage about Denny’s Corporation (NASDAQ:DENN) has trended somewhat positive on Monday, according to Accern Sentiment. Accern identifies negative and positive press coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Denny’s Corporation earned a news impact score of 0.04 on Accern’s scale. Accern also assigned news stories about the restaurant operator an impact score of 47.526618813035 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news stories that may have impacted Accern Sentiment’s rankings:
- Denny’s Corporation (DENN) Stake Cut by Skylands Capital LLC (fishinghd.com)
- Brokers Set Expectations for Denny’s Corporation’s Q4 2018 Earnings (DENN) (americanbankingnews.com)
- Denny’s Sees 2Q Lift From ‘On Demand’ Platform (franchisetimes.com)
- Denny’s Corporation (DENN) Cut to “Sell” at Zacks Investment Research (americanbankingnews.com)
- Denny’s Corporation (NASDAQ:DENN) Issues Earnings Results – ExpressNewsline (expressnewsline.com)
Several brokerages have issued reports on DENN. Instinet reaffirmed a “neutral” rating and issued a $12.00 price target (up previously from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Nomura reaffirmed a “hold” rating and issued a $12.00 price target on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Zacks Investment Research downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday. Wedbush reaffirmed an “outperform” rating and issued a $14.00 price target on shares of Denny’s Corporation in a report on Sunday, July 30th. Finally, BidaskClub downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the company’s stock. Denny’s Corporation currently has a consensus rating of “Hold” and a consensus price target of $12.67.
Denny’s Corporation (DENN) traded up 1.679% during trading on Monday, hitting $12.415. 166,611 shares of the stock were exchanged. The firm has a market cap of $833.98 million, a PE ratio of 24.343 and a beta of 0.61. Denny’s Corporation has a 12-month low of $10.02 and a 12-month high of $14.25. The stock’s 50-day moving average price is $11.54 and its 200-day moving average price is $12.07.
Denny’s Corporation (NASDAQ:DENN) last announced its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by $0.01. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. The firm had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that Denny’s Corporation will post $0.56 EPS for the current year.
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About Denny’s Corporation
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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