Denny’s (DENN) Upgraded at BidaskClub

BidaskClub upgraded shares of Denny’s (NASDAQ:DENN) from a hold rating to a buy rating in a research note issued to investors on Thursday.

Several other research firms also recently weighed in on DENN. ValuEngine upgraded shares of Denny’s from a hold rating to a buy rating in a report on Thursday, November 1st. Zacks Investment Research downgraded shares of Denny’s from a hold rating to a sell rating in a report on Wednesday, November 14th. Maxim Group assumed coverage on shares of Denny’s in a report on Tuesday, December 11th. They set a buy rating and a $21.00 target price for the company. Finally, Stephens downgraded shares of Denny’s from an overweight rating to an equal weight rating and dropped their target price for the company from $18.00 to $16.50 in a report on Wednesday, September 12th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Denny’s presently has an average rating of Buy and an average price target of $18.25.

NASDAQ:DENN opened at $16.58 on Thursday. Denny’s has a twelve month low of $13.22 and a twelve month high of $18.16. The stock has a market cap of $1.04 billion, a price-to-earnings ratio of 24.38 and a beta of 0.08.



Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, October 30th. The restaurant operator reported $0.17 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.18 by ($0.01). Denny’s had a net margin of 7.48% and a negative return on equity of 40.31%. The business had revenue of $158.00 million for the quarter, compared to analysts’ expectations of $159.28 million. During the same quarter last year, the business posted $0.14 earnings per share. The business’s revenue was up 19.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Denny’s will post 0.68 earnings per share for the current fiscal year.

In other Denny’s news, VP Timothy E. Flemming sold 43,600 shares of the firm’s stock in a transaction dated Wednesday, November 14th. The shares were sold at an average price of $17.24, for a total transaction of $751,664.00. Following the sale, the vice president now directly owns 161,791 shares of the company’s stock, valued at approximately $2,789,276.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO F Mark Wolfinger sold 6,500 shares of the firm’s stock in a transaction dated Friday, November 16th. The stock was sold at an average price of $16.79, for a total transaction of $109,135.00. Following the sale, the chief financial officer now directly owns 722,394 shares in the company, valued at $12,128,995.26. The disclosure for this sale can be found here. Insiders have sold a total of 79,100 shares of company stock valued at $1,347,299 over the last 90 days. 5.80% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in DENN. Principal Financial Group Inc. acquired a new stake in shares of Denny’s during the 1st quarter worth about $177,000. Aperio Group LLC boosted its position in shares of Denny’s by 13.6% in the second quarter. Aperio Group LLC now owns 51,499 shares of the restaurant operator’s stock worth $820,000 after acquiring an additional 6,182 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Denny’s in the second quarter worth approximately $162,000. First Trust Advisors LP acquired a new stake in shares of Denny’s in the second quarter worth approximately $4,012,000. Finally, Victory Capital Management Inc. boosted its position in shares of Denny’s by 15.9% in the second quarter. Victory Capital Management Inc. now owns 28,249 shares of the restaurant operator’s stock worth $450,000 after acquiring an additional 3,875 shares during the last quarter. 89.81% of the stock is currently owned by institutional investors.

About Denny’s

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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