Shares of Denny's Co. (NASDAQ:DENN) have been assigned an average rating of “Hold” from the six analysts that are presently covering the firm, Marketbeat.com reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $13.33.
A number of research analysts have commented on the company. Wedbush restated a “buy” rating and set a $16.00 price target on shares of Denny's in a research note on Wednesday, February 14th. BidaskClub upgraded Denny's from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Finally, Zacks Investment Research upgraded Denny's from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th.
Denny's (NASDAQ:DENN) opened at $14.91 on Tuesday. The company has a debt-to-equity ratio of -2.95, a current ratio of 0.40 and a quick ratio of 0.36. Denny's has a 52-week low of $10.87 and a 52-week high of $15.70. The firm has a market capitalization of $973.37, a P/E ratio of 25.71 and a beta of 0.67.
Denny's (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.04. Denny's had a negative return on equity of 50.22% and a net margin of 7.48%. The company had revenue of $135.50 million for the quarter, compared to analysts’ expectations of $134.84 million. analysts anticipate that Denny's will post 0.64 EPS for the current fiscal year.
In other Denny's news, VP Pelt Jill A. Van sold 21,200 shares of the company’s stock in a transaction on Tuesday, November 28th. The stock was sold at an average price of $13.05, for a total transaction of $276,660.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP F Mark Wolfinger sold 15,000 shares of the company’s stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $13.44, for a total value of $201,600.00. Following the transaction, the executive vice president now owns 682,697 shares in the company, valued at $9,175,447.68. The disclosure for this sale can be found here. Insiders have sold 71,620 shares of company stock worth $950,407 over the last 90 days. 5.20% of the stock is owned by insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in DENN. PNC Financial Services Group Inc. raised its stake in shares of Denny's by 68.3% in the second quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock valued at $116,000 after acquiring an additional 4,041 shares in the last quarter. LMR Partners LLP acquired a new stake in shares of Denny's in the third quarter valued at $127,000. First Republic Investment Management Inc. acquired a new stake in shares of Denny's in the fourth quarter valued at $153,000. Landscape Capital Management L.L.C. acquired a new stake in shares of Denny's in the fourth quarter valued at $160,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Denny's in the fourth quarter valued at $165,000. Institutional investors and hedge funds own 92.45% of the company’s stock.
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Denny's Company Profile
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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