Denny’s (DENN) Hits New 1-Year High and Low at $16.49

Denny’s (NASDAQ:DENN) shares hit a new 52-week high and low during mid-day trading on Friday . The stock traded as low as $16.49 and last traded at $16.19, with a volume of 62080 shares. The stock had previously closed at $16.20.

Several research analysts have issued reports on DENN shares. ValuEngine raised shares of Denny’s from a “hold” rating to a “buy” rating in a report on Friday, March 2nd. Wedbush reaffirmed a “buy” rating and issued a $16.00 target price on shares of Denny’s in a report on Wednesday, February 14th. BidaskClub raised shares of Denny’s from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Zacks Investment Research raised shares of Denny’s from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $13.33.

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The company has a market capitalization of $1,038.39, a P/E ratio of 27.93 and a beta of 0.63. The company has a current ratio of 0.43, a quick ratio of 0.40 and a debt-to-equity ratio of -2.94.

Denny’s (NASDAQ:DENN) last announced 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 net margin of 7.48% and a negative return on equity of 47.76%. The firm had revenue of $135.50 million during the quarter, compared to analyst estimates of $134.84 million. equities analysts expect that Denny’s will post 0.57 EPS for the current fiscal year.

In other news, COO Christopher D. Bode sold 6,500 shares of Denny’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $15.45, for a total value of $100,425.00. Following the completion of the sale, the chief operating officer now directly owns 65,488 shares in the company, valued at $1,011,789.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Christopher D. Bode sold 15,000 shares of Denny’s stock in a transaction that occurred 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 owns 50,488 shares of the company’s stock, valued at $790,137.20. The disclosure for this sale can be found here. Insiders sold 168,505 shares of company stock valued at $2,558,623 over the last quarter. Company insiders own 5.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the company. Dimensional Fund Advisors LP grew its stake in shares of Denny’s by 1.6% in the third quarter. Dimensional Fund Advisors LP now owns 2,546,247 shares of the restaurant operator’s stock worth $31,701,000 after acquiring an additional 39,719 shares during the period. Deutsche Bank AG grew its position in Denny’s by 9.6% during the fourth quarter. Deutsche Bank AG now owns 1,120,477 shares of the restaurant operator’s stock valued at $14,832,000 after buying an additional 98,353 shares during the period. Cardinal Capital Management LLC CT grew its position in Denny’s by 2,382.1% during the fourth quarter. Cardinal Capital Management LLC CT now owns 1,035,473 shares of the restaurant operator’s stock valued at $13,709,000 after buying an additional 993,755 shares during the period. Geode Capital Management LLC grew its position in Denny’s by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 664,558 shares of the restaurant operator’s stock valued at $8,798,000 after buying an additional 16,151 shares during the period. Finally, Schwab Charles Investment Management Inc. grew its position in Denny’s by 2.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 329,528 shares of the restaurant operator’s stock valued at $4,363,000 after buying an additional 7,254 shares during the period. Hedge funds and other institutional investors own 90.60% of the company’s stock.

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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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