Denny’s (DENN) Receives Average Rating of “Buy” from Brokerages

Denny’s (NASDAQ:DENN) has been given an average recommendation of “Buy” by the seven brokerages that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $13.33.

A number of equities analysts recently weighed in on the stock. Wedbush reissued a “buy” rating and issued a $16.00 price target on shares of Denny’s in a report on Wednesday, February 14th. Zacks Investment Research raised shares of Denny’s from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. BidaskClub raised shares of Denny’s from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, ValuEngine raised shares of Denny’s from a “hold” rating to a “buy” rating in a report on Friday, March 2nd.

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In other Denny’s news, 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 sale, the chief executive officer now directly owns 853,326 shares of the company’s stock, valued at $12,834,023.04. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, 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 transaction of $298,200.00. Following the sale, the executive vice president now directly owns 725,894 shares in the company, valued at $10,823,079.54. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 168,505 shares of company stock worth $2,558,623. Insiders own 5.80% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc. lifted its holdings in shares of Denny’s by 10.4% in the third quarter. TD Asset Management Inc. now owns 134,100 shares of the restaurant operator’s stock worth $1,670,000 after buying an additional 12,592 shares in the last quarter. Landscape Capital Management L.L.C. purchased a new stake in shares of Denny’s in the fourth quarter worth about $160,000. Deutsche Bank AG lifted its holdings in shares of Denny’s by 9.6% in the fourth quarter. Deutsche Bank AG now owns 1,120,477 shares of the restaurant operator’s stock worth $14,832,000 after buying an additional 98,353 shares in the last quarter. Cardinal Capital Management LLC CT lifted its holdings in shares of Denny’s by 2,382.1% in the fourth quarter. Cardinal Capital Management LLC CT now owns 1,035,473 shares of the restaurant operator’s stock worth $13,709,000 after buying an additional 993,755 shares in the last quarter. Finally, Paloma Partners Management Co purchased a new stake in shares of Denny’s in the fourth quarter worth about $165,000. 90.60% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:DENN opened at $16.24 on Wednesday. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of -2.94. The stock has a market capitalization of $1,028.75, a P/E ratio of 27.60 and a beta of 0.63. Denny’s has a fifty-two week low of $10.87 and a fifty-two week high of $16.39.

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

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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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