Denny’s Co. (NASDAQ:DENN – Get Free Report) Director Brenda J. Lauderback sold 11,145 shares of the company’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $7.36, for a total value of $82,027.20. Following the completion of the sale, the director now owns 15,406 shares in the company, valued at approximately $113,388.16. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Denny’s Price Performance
Shares of DENN stock opened at $7.06 on Friday. The company has a market cap of $367.26 million, a price-to-earnings ratio of 16.42, a PEG ratio of 1.31 and a beta of 1.94. The stock has a 50 day simple moving average of $8.29 and a 200-day simple moving average of $9.41. Denny’s Co. has a 1-year low of $7.03 and a 1-year high of $12.53.
Denny’s (NASDAQ:DENN – Get Free Report) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.03). Denny’s had a negative return on equity of 63.27% and a net margin of 5.27%. The business had revenue of $109.97 million for the quarter, compared to analyst estimates of $115.17 million. During the same period in the previous year, the company earned $0.13 earnings per share. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. Analysts anticipate that Denny’s Co. will post 0.6 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Ratings Changes
A number of brokerages recently commented on DENN. Wedbush dropped their target price on Denny’s from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Truist Financial lowered their price objective on Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Oppenheimer lowered their price objective on Denny’s from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday, May 1st. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Benchmark restated a “buy” rating and issued a $15.00 price objective on shares of Denny’s in a research report on Wednesday, May 1st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $11.42.
Get Our Latest Analysis on DENN
About Denny’s
Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.
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