Denny’s (DENN) Reaches New 12-Month High and Low at $16.49

Denny’s (NASDAQ:DENN) hit a new 52-week high and low during mid-day trading on Friday . The company traded as low as $16.49 and last traded at $16.19, with a volume of 62080 shares. The stock had previously closed at $16.20.

A number of equities research analysts recently issued reports on DENN shares. BidaskClub downgraded Denny’s from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th. ValuEngine raised Denny’s from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. Wedbush reissued a “buy” rating and set a $16.00 price target on shares of Denny’s in a research report on Wednesday, February 14th. Finally, Zacks Investment Research downgraded Denny’s from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $13.33.

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The stock has a market capitalization of $1,040.96, a PE ratio of 27.90 and a beta of 0.63. The company has a debt-to-equity ratio of -2.94, a current ratio of 0.43 and a quick ratio of 0.40.

Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.18 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.04. The firm had revenue of $135.50 million for the quarter, compared to the consensus estimate of $134.84 million. Denny’s had a negative return on equity of 47.76% and a net margin of 7.48%. equities research analysts anticipate that Denny’s will post 0.57 earnings per share for the current fiscal year.

In other Denny’s news, CEO John C. Miller sold 72,417 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $15.04, for a total value of $1,089,151.68. Following the sale, the chief executive officer now owns 853,326 shares of the company’s stock, valued at approximately $12,834,023.04. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP F Mark Wolfinger sold 20,000 shares of the firm’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $14.91, for a total value of $298,200.00. Following the completion of the sale, the executive vice president now directly owns 725,894 shares in the company, valued at approximately $10,823,079.54. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,505 shares of company stock worth $2,558,623. Company insiders own 5.80% of the company’s stock.

Several hedge funds have recently modified their holdings of DENN. Cardinal Capital Management LLC CT boosted its holdings in shares of Denny’s by 2,382.1% in the 4th quarter. Cardinal Capital Management LLC CT now owns 1,035,473 shares of the restaurant operator’s stock valued at $13,709,000 after purchasing an additional 993,755 shares in the last quarter. Citadel Advisors LLC boosted its holdings in shares of Denny’s by 177.9% in the 4th quarter. Citadel Advisors LLC now owns 205,744 shares of the restaurant operator’s stock valued at $2,724,000 after purchasing an additional 131,702 shares in the last quarter. Deutsche Bank AG boosted its holdings in shares of Denny’s by 9.6% in the 4th quarter. Deutsche Bank AG now owns 1,120,477 shares of the restaurant operator’s stock valued at $14,832,000 after purchasing an additional 98,353 shares in the last quarter. American Century Companies Inc. acquired a new stake in shares of Denny’s in the 4th quarter valued at $1,207,000. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of Denny’s by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,546,247 shares of the restaurant operator’s stock valued at $31,701,000 after purchasing an additional 39,719 shares in the last quarter. 90.60% of the stock is currently owned by hedge funds and other institutional investors.

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Denny’s Company Profile

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.

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