Denny's (NASDAQ:DENN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Saturday.
A number of other equities research analysts have also recently commented on DENN. Zacks Investment Research raised shares of Denny's from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. TheStreet upgraded shares of Denny's from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $12.67.
Shares of Denny's (DENN) opened at $14.90 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of -2.95. The company has a market cap of $972.71, a P/E ratio of 28.65 and a beta of 0.58. Denny's has a 1-year low of $10.87 and a 1-year high of $15.10.
Denny's (NASDAQ:DENN) last posted its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. The company had revenue of $132.38 million for the quarter, compared to analysts’ expectations of $133.58 million. Denny's had a net margin of 7.21% and a negative return on equity of 52.30%. Denny's’s revenue was up 3.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS. analysts expect that Denny's will post 0.55 earnings per share for the current fiscal year.
In related news, VP Pelt Jill A. Van sold 21,200 shares of Denny's stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $13.05, for a total value of $276,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy E. Flemming sold 37,000 shares of Denny's stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $12.54, for a total transaction of $463,980.00. Following the completion of the transaction, the vice president now owns 161,741 shares of the company’s stock, valued at $2,028,232.14. The disclosure for this sale can be found here. Insiders sold a total of 118,620 shares of company stock valued at $1,540,087 over the last quarter. 5.20% of the stock is owned by company insiders.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its position in shares of Denny's by 68.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 4,041 shares in the last quarter. LMR Partners LLP purchased a new position in shares of Denny's during the 3rd quarter valued at $127,000. BNP Paribas Arbitrage SA grew its position in shares of Denny's by 939.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 10,282 shares in the last quarter. Menta Capital LLC purchased a new position in shares of Denny's during the 2nd quarter valued at $172,000. Finally, Magnetar Financial LLC purchased a new position in shares of Denny's during the 3rd quarter valued at $204,000. Hedge funds and other institutional investors own 90.99% of the company’s stock.
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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