Denny’s Corporation (NASDAQ:DENN) Upgraded by TheStreet to “B-“

TheStreet upgraded shares of Denny’s Corporation (NASDAQ:DENN) from a c+ rating to a b- rating in a research note released on Monday, October 16th.

DENN has been the topic of several other reports. Wedbush restated an outperform rating on shares of Denny’s Corporation in a research report on Tuesday, August 8th. BidaskClub cut Denny’s Corporation from a sell rating to a strong sell rating in a research report on Saturday, August 26th. Finally, Zacks Investment Research cut Denny’s Corporation from a hold rating to a sell rating in a research report on Tuesday, September 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Denny’s Corporation has an average rating of Hold and a consensus target price of $12.67.

Denny’s Corporation (NASDAQ DENN) opened at 13.00 on Monday. The stock’s 50 day moving average is $12.46 and its 200-day moving average is $12.03. The firm has a market cap of $873.28 million, a price-to-earnings ratio of 25.49 and a beta of 0.60. Denny’s Corporation has a one year low of $10.02 and a one year high of $14.25.

Denny’s Corporation (NASDAQ:DENN) last posted 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 net margin of 7.34% and a negative return on equity of 60.77%. The business had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the prior year, the business earned $0.13 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Denny’s Corporation will post $0.56 earnings per share for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another website, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2017/10/28/dennys-corporation-denn-lifted-to-b-at-thestreet.html.

In other news, VP Stephen C. Dunn sold 5,111 shares of Denny’s Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the transaction, the vice president now directly owns 93,179 shares in the company, valued at approximately $1,107,898.31. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is currently owned by company insiders.

Several hedge funds have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new position in shares of Denny’s Corporation during the 3rd quarter valued at $223,000. First Quadrant L P CA acquired a new position in shares of Denny’s Corporation during the 3rd quarter valued at $276,000. Aperio Group LLC increased its position in shares of Denny’s Corporation by 51.9% during the 3rd quarter. Aperio Group LLC now owns 40,612 shares of the restaurant operator’s stock valued at $506,000 after purchasing an additional 13,871 shares during the period. Lord Abbett & CO. LLC increased its position in shares of Denny’s Corporation by 8.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock valued at $18,092,000 after purchasing an additional 114,365 shares during the period. Finally, Cetera Investment Advisers acquired a new position in shares of Denny’s Corporation during the 2nd quarter valued at $299,000. Institutional investors own 92.44% of the company’s stock.

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.

Receive News & Ratings for Denny's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply