Denny’s Corp (NASDAQ:DENN) Director Brenda J. Lauderback sold 9,968 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $19.23, for a total value of $191,684.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of NASDAQ:DENN opened at $19.55 on Friday. Denny’s Corp has a 1 year low of $13.32 and a 1 year high of $20.41. The stock has a market cap of $1.18 billion, a P/E ratio of 29.62 and a beta of 0.17.
Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The company had revenue of $151.41 million for the quarter, compared to the consensus estimate of $149.01 million. During the same quarter in the previous year, the business earned $0.15 EPS. Denny’s’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Denny’s Corp will post 0.61 earnings per share for the current year.
A number of brokerages recently issued reports on DENN. Zacks Investment Research upgraded Denny’s from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, May 3rd. Maxim Group restated a “buy” rating on shares of Denny’s in a report on Wednesday, May 1st. Finally, BidaskClub upgraded Denny’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $19.75.
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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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