Denny’s Corp (NASDAQ:DENN) has earned a consensus rating of “Buy” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $19.33.
Several research analysts have recently weighed in on DENN shares. Zacks Investment Research downgraded Denny’s from a “hold” rating to a “sell” rating in a research note on Wednesday, January 2nd. Wedbush reiterated a “buy” rating and set a $20.00 price target on shares of Denny’s in a research note on Monday, February 11th. BidaskClub downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Tuesday, December 4th. Finally, Maxim Group reiterated a “buy” rating and set a $21.00 price target on shares of Denny’s in a research note on Tuesday, January 15th.
In other Denny’s news, EVP F Mark Wolfinger sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, February 20th. The stock was sold at an average price of $17.88, for a total value of $134,100.00. Following the completion of the transaction, the executive vice president now owns 783,480 shares in the company, valued at approximately $14,008,622.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Stephen C. Dunn sold 12,000 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.68, for a total value of $212,160.00. Following the completion of the transaction, the vice president now owns 99,199 shares of the company’s stock, valued at approximately $1,753,838.32. The disclosure for this sale can be found here. In the last 90 days, insiders sold 150,768 shares of company stock valued at $2,703,506. 5.80% of the stock is owned by corporate insiders.
Shares of NASDAQ:DENN opened at $18.35 on Wednesday. The firm has a market capitalization of $1.14 billion, a price-to-earnings ratio of 26.99 and a beta of 0.17. Denny’s has a 1 year low of $13.32 and a 1 year high of $18.94.
Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, February 12th. The restaurant operator reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $159.55 million during the quarter, compared to the consensus estimate of $158.85 million. Denny’s had a negative return on equity of 36.93% and a net margin of 6.93%. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.18 EPS. On average, equities research analysts expect that Denny’s will post 0.58 earnings per share for the current fiscal year.
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 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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