Denny’s (NASDAQ:DENN) Trading Up 2.1%

Denny’s Co. (NASDAQ:DENN) shares rose 2.1% during trading on Friday . The stock traded as high as $16.68 and last traded at $16.63. Approximately 559 shares changed hands during mid-day trading, a decline of 100% from the average daily volume of 586,657 shares. The stock had previously closed at $16.29.

DENN has been the subject of several recent analyst reports. Wedbush decreased their target price on shares of Denny’s from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Wednesday, August 25th. They noted that the move was a valuation call. Stephens decreased their target price on shares of Denny’s from $24.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, June 9th. Finally, Zacks Investment Research upgraded shares of Denny’s from a “sell” rating to a “hold” rating and set a $17.00 price target for the company in a report on Tuesday, August 3rd. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.57.

The stock has a market cap of $1.06 billion, a P/E ratio of 34.38, a price-to-earnings-growth ratio of 3.52 and a beta of 1.79. The firm’s 50-day moving average is $15.62 and its two-hundred day moving average is $16.84.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Tuesday, August 3rd. The restaurant operator reported $0.18 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.06. The firm had revenue of $106.17 million for the quarter, compared to analyst estimates of $97.98 million. Denny’s had a net margin of 9.21% and a negative return on equity of 8.04%. As a group, equities research analysts forecast that Denny’s Co. will post 0.51 EPS for the current year.

In other news, President F Mark Wolfinger sold 9,877 shares of Denny’s stock in a transaction that occurred on Monday, August 30th. The shares were sold at an average price of $16.39, for a total value of $161,884.03. Following the transaction, the president now owns 796,771 shares of the company’s stock, valued at $13,059,076.69. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 5.30% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in DENN. FMR LLC raised its position in shares of Denny’s by 102.6% in the first quarter. FMR LLC now owns 2,391,010 shares of the restaurant operator’s stock valued at $43,874,000 after purchasing an additional 1,211,020 shares during the period. Envestnet Asset Management Inc. raised its position in shares of Denny’s by 13.0% in the first quarter. Envestnet Asset Management Inc. now owns 48,962 shares of the restaurant operator’s stock valued at $887,000 after purchasing an additional 5,631 shares during the period. Alliancebernstein L.P. raised its position in shares of Denny’s by 13.4% in the first quarter. Alliancebernstein L.P. now owns 197,001 shares of the restaurant operator’s stock valued at $3,568,000 after purchasing an additional 23,247 shares during the period. Swiss National Bank raised its position in shares of Denny’s by 2.0% in the first quarter. Swiss National Bank now owns 145,700 shares of the restaurant operator’s stock valued at $2,639,000 after purchasing an additional 2,800 shares during the period. Finally, Mariner LLC bought a new position in shares of Denny’s in the first quarter valued at approximately $265,000. 85.41% of the stock is currently owned by institutional investors.

Denny’s Company Profile (NASDAQ:DENN)

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It offers offers a wide selection of lunch and dinner items including burgers, sandwiches, salads and skillet entrĂ©es, along with an assortment of beverages, appetizers, and desserts. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.

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