Denny’s (DENN) Earning Somewhat Negative News Coverage, Analysis Shows

Press coverage about Denny’s (NASDAQ:DENN) has trended somewhat negative on Saturday, according to Accern. The research group identifies negative and positive media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Denny’s earned a daily sentiment score of -0.11 on Accern’s scale. Accern also assigned news headlines about the restaurant operator an impact score of 47.5976671457777 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Here are some of the news headlines that may have effected Accern Sentiment’s rankings:

A number of equities analysts have weighed in on DENN shares. Wedbush reaffirmed a “buy” rating and set a $18.50 price target on shares of Denny’s in a research note on Wednesday, May 2nd. ValuEngine raised shares of Denny’s from a “hold” rating to a “buy” rating in a research note on Friday, March 2nd. BidaskClub raised shares of Denny’s from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Zacks Investment Research raised shares of Denny’s from a “sell” rating to a “hold” rating in a research note on Tuesday, January 30th. Finally, Longbow Research downgraded shares of Denny’s from a “buy” rating to a “neutral” rating in a research note on Wednesday, May 2nd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company. Denny’s presently has a consensus rating of “Buy” and an average target price of $18.25.

Denny’s opened at $15.52 on Friday, MarketBeat Ratings reports. The company has a current ratio of 0.44, a quick ratio of 0.40 and a debt-to-equity ratio of -2.56. The company has a market cap of $988.62 million, a price-to-earnings ratio of 26.76 and a beta of 0.62. Denny’s has a fifty-two week low of $15.52 and a fifty-two week high of $15.85.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, May 1st. The restaurant operator reported $0.15 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.13 by $0.02. The company had revenue of $155.27 million for the quarter, compared to the consensus estimate of $155.95 million. Denny’s had a net margin of 7.36% and a negative return on equity of 41.88%. Denny’s’s revenue was up 21.4% on a year-over-year basis. During the same quarter last year, the firm posted $0.12 earnings per share. equities analysts predict that Denny’s will post 0.65 earnings per share for the current fiscal year.

In other news, SVP Robert P. Verostek sold 7,548 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $15.30, for a total value of $115,484.40. Following the completion of the sale, the senior vice president now owns 8,500 shares of the company’s stock, valued at $130,050. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Christopher D. Bode sold 15,000 shares of the stock in a transaction on Friday, March 16th. The stock was sold at an average price of $15.65, for a total transaction of $234,750.00. Following the completion of the sale, the chief operating officer now directly owns 50,488 shares of the company’s stock, valued at approximately $790,137.20. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 168,505 shares of company stock worth $2,558,623. 5.80% of the stock is currently owned by insiders.

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.

Insider Buying and Selling by Quarter for Denny`s (NASDAQ:DENN)

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