Analysts Set Denny’s Corp (NASDAQ:DENN) Target Price at $20.00

Shares of Denny’s Corp (NASDAQ:DENN) have been assigned an average rating of “Buy” from the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $20.00.

Several brokerages have issued reports on DENN. Zacks Investment Research lowered Inflarx from a “buy” rating to a “hold” rating in a research note on Friday, May 3rd. Wedbush set a $20.00 price target on Plymouth Industrial Reit and gave the company a “buy” rating in a research note on Monday, May 20th. BidaskClub lowered Xencor from a “sell” rating to a “strong sell” rating in a research note on Tuesday, June 11th. Finally, Maxim Group began coverage on ContraFect in a research note on Tuesday, June 11th. They issued a “buy” rating on the stock.

In other news, SVP John William Dillon sold 10,360 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $19.24, for a total transaction of $199,326.40. Following the transaction, the senior vice president now directly owns 80,208 shares of the company’s stock, valued at $1,543,201.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP F Mark Wolfinger sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $19.22, for a total value of $144,150.00. Following the transaction, the executive vice president now directly owns 776,712 shares in the company, valued at $14,928,404.64. The disclosure for this sale can be found here. Insiders have sold 156,110 shares of company stock worth $3,162,497 over the last ninety days. 6.10% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Ibex Investors LLC acquired a new position in shares of Denny’s during the fourth quarter worth approximately $211,000. Nomura Holdings Inc. acquired a new position in shares of Denny’s during the fourth quarter worth approximately $3,480,000. PEAK6 Investments LLC raised its position in shares of Denny’s by 116.7% during the fourth quarter. PEAK6 Investments LLC now owns 103,050 shares of the restaurant operator’s stock worth $1,670,000 after purchasing an additional 55,491 shares during the period. Citigroup Inc. raised its position in shares of Denny’s by 13.8% during the fourth quarter. Citigroup Inc. now owns 22,515 shares of the restaurant operator’s stock worth $364,000 after purchasing an additional 2,722 shares during the period. Finally, Bessemer Group Inc. raised its position in shares of Denny’s by 22.1% during the fourth quarter. Bessemer Group Inc. now owns 188,561 shares of the restaurant operator’s stock worth $3,057,000 after purchasing an additional 34,100 shares during the period. 92.68% of the stock is currently owned by institutional investors.

DENN traded up $0.22 during trading on Friday, hitting $21.71. The company’s stock had a trading volume of 298,615 shares, compared to its average volume of 398,070. Denny’s has a twelve month low of $13.32 and a twelve month high of $21.75. The business’s fifty day simple moving average is $20.39. The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of 31.93 and a beta of 0.15.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The firm had revenue of $151.41 million for the quarter, compared to analyst estimates of $149.01 million. During the same period in the previous year, the firm earned $0.15 earnings per share. The company’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts expect that Denny’s will post 0.64 EPS for the current 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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