Denny’s (NASDAQ:DENN) Trading Up 36.9%

Denny’s Corp (NASDAQ:DENN)’s share price was up 36.9% on Wednesday . The company traded as high as $7.72 and last traded at $10.53, approximately 189,949 shares traded hands during mid-day trading. A decline of 82% from the average daily volume of 1,035,448 shares. The stock had previously closed at $7.69.

A number of analysts recently weighed in on DENN shares. ValuEngine raised shares of Denny’s from a “sell” rating to a “hold” rating in a report on Tuesday. Zacks Investment Research lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Tuesday. Oppenheimer reissued a “buy” rating and issued a $27.00 price target on shares of Denny’s in a report on Tuesday, February 11th. Stephens reissued an “overweight” rating and issued a $19.00 price target on shares of Denny’s in a report on Monday, March 16th. Finally, BidaskClub raised shares of Denny’s from a “strong sell” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $21.32.

The stock has a market capitalization of $529.67 million, a P/E ratio of 5.29, a PEG ratio of 1.02 and a beta of 0.24. The business’s 50 day simple moving average is $15.69 and its 200-day simple moving average is $19.64.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, February 11th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Denny’s had a net margin of 21.69% and a negative return on equity of 35.57%. The firm had revenue of $113.84 million for the quarter, compared to analysts’ expectations of $109.17 million. As a group, equities analysts forecast that Denny’s Corp will post 0.84 EPS for the current year.

In other Denny’s news, COO Christopher D. Bode sold 33,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 20th. The shares were sold at an average price of $20.61, for a total value of $680,130.00. Following the transaction, the chief operating officer now directly owns 22,965 shares of the company’s stock, valued at $473,308.65. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.10% of the stock is currently owned by company insiders.

A number of hedge funds have recently made changes to their positions in the business. Rhumbline Advisers boosted its stake in Denny’s by 0.7% in the fourth quarter. Rhumbline Advisers now owns 88,936 shares of the restaurant operator’s stock valued at $1,768,000 after acquiring an additional 576 shares during the last quarter. Swiss National Bank boosted its position in shares of Denny’s by 0.6% during the fourth quarter. Swiss National Bank now owns 113,700 shares of the restaurant operator’s stock worth $2,260,000 after purchasing an additional 700 shares in the last quarter. Amalgamated Bank boosted its position in shares of Denny’s by 7.6% during the fourth quarter. Amalgamated Bank now owns 10,516 shares of the restaurant operator’s stock worth $209,000 after purchasing an additional 746 shares in the last quarter. Tower Research Capital LLC TRC bought a new position in shares of Denny’s during the third quarter worth $48,000. Finally, Mesirow Financial Investment Management Equity Management boosted its position in shares of Denny’s by 31.9% during the fourth quarter. Mesirow Financial Investment Management Equity Management now owns 9,445 shares of the restaurant operator’s stock worth $188,000 after purchasing an additional 2,285 shares in the last quarter. 94.04% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Company Profile (NASDAQ:DENN)

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

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