Denny’s (DENN) Given Average Rating of “Buy” by Brokerages

Denny’s (NASDAQ:DENN) has earned an average recommendation of “Buy” from the seven analysts that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $13.33.

Several equities research analysts recently commented on the stock. ValuEngine upgraded shares of Denny’s from a “hold” rating to a “buy” rating in a research report on Friday, March 2nd. BidaskClub upgraded shares of Denny’s from a “buy” rating to a “strong-buy” rating in a research report on Friday, March 30th. Zacks Investment Research lowered shares of Denny’s from a “hold” rating to a “sell” rating in a research report on Tuesday, March 27th. Finally, Wedbush reiterated a “buy” rating and issued a $16.00 price objective on shares of Denny’s in a research report on Wednesday, February 14th.

Shares of Denny’s stock traded up $0.41 on Wednesday, hitting $16.59. The company’s stock had a trading volume of 163,411 shares, compared to its average volume of 307,347. Denny’s has a 52-week low of $10.87 and a 52-week high of $16.75. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of -2.94. The firm has a market capitalization of $1,039.67, a PE ratio of 28.60 and a beta of 0.63.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. Denny’s had a net margin of 7.48% and a negative return on equity of 47.76%. The business had revenue of $135.50 million for the quarter, compared to analyst estimates of $134.84 million. research analysts expect that Denny’s will post 0.57 EPS for the current fiscal year.

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

Large investors have recently added to or reduced their stakes in the business. TD Asset Management Inc. lifted its holdings in Denny’s by 10.4% in the 3rd quarter. TD Asset Management Inc. now owns 134,100 shares of the restaurant operator’s stock valued at $1,670,000 after purchasing an additional 12,592 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new position in Denny’s in the 4th quarter valued at about $160,000. Deutsche Bank AG lifted its holdings in 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. Cardinal Capital Management LLC CT lifted its holdings in 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. Finally, Paloma Partners Management Co purchased a new position in Denny’s in the 4th quarter valued at about $165,000. Institutional investors own 90.60% of the company’s stock.

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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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