Denny's (NASDAQ:DENN) Raised to “Hold” at BidaskClub

BidaskClub upgraded shares of Denny's (NASDAQ:DENN) from a sell rating to a hold rating in a research report released on Saturday, January 13th.

Other equities research analysts also recently issued research reports about the stock. Zacks Investment Research raised shares of Denny's from a sell rating to a hold rating in a research note on Tuesday, October 3rd. TheStreet raised shares of Denny's from a c+ rating to a b- rating in a research note on Monday, October 16th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $12.67.

Denny's (DENN) opened at $14.49 on Friday. Denny's has a 12-month low of $10.87 and a 12-month high of $15.56. The company has a debt-to-equity ratio of -2.95, a quick ratio of 0.36 and a current ratio of 0.40. The company has a market cap of $945.95, a price-to-earnings ratio of 27.87 and a beta of 0.67.

In other news, VP Pelt Jill A. Van sold 21,200 shares of the firm’s stock in a transaction dated 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 legal filing with the SEC, which can be accessed through this link. Also, EVP F Mark Wolfinger sold 9,414 shares of the firm’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $13.64, for a total transaction of $128,406.96. Following the completion of the sale, the executive vice president now owns 681,197 shares in the company, valued at $9,291,527.08. The disclosure for this sale can be found here. Insiders have sold a total of 118,620 shares of company stock worth $1,540,087 in the last three months. Insiders own 5.20% of the company’s stock.

Several large investors have recently added to or reduced their stakes in DENN. Renaissance Technologies LLC boosted its holdings in shares of Denny's by 9.8% in the 2nd quarter. Renaissance Technologies LLC now owns 3,946,911 shares of the restaurant operator’s stock valued at $46,455,000 after buying an additional 352,600 shares in the last quarter. Lord Abbett & CO. LLC boosted its holdings in shares of Denny's by 8.0% in 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 buying an additional 114,365 shares in the last quarter. Susquehanna International Group LLP boosted its holdings in shares of Denny's by 146.1% in the 2nd quarter. Susquehanna International Group LLP now owns 190,837 shares of the restaurant operator’s stock valued at $2,246,000 after buying an additional 113,284 shares in the last quarter. American Century Companies Inc. acquired a new stake in Denny's in the 4th quarter worth approximately $1,207,000. Finally, Dimensional Fund Advisors LP boosted its stake in Denny's by 3.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,506,528 shares of the restaurant operator’s stock worth $29,502,000 after purchasing an additional 86,049 shares in the last quarter. Institutional investors and hedge funds own 90.97% 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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