Separately, Zacks Investment Research cut shares of Denny’s Corp. from a buy rating to a hold rating in a report on Tuesday, October 4th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of Hold and an average target price of $12.40.
Denny’s Corp. (NASDAQ:DENN) traded up 2.83% during midday trading on Friday, hitting $10.52. 319,064 shares of the company were exchanged. The stock has a market capitalization of $786.92 million, a price-to-earnings ratio of 52.86 and a beta of 0.48. Denny’s Corp. has a 1-year low of $8.71 and a 1-year high of $11.89. The stock has a 50 day moving average of $10.50 and a 200-day moving average of $10.67.
Denny’s Corp. (NASDAQ:DENN) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. Denny’s Corp. had a net margin of 3.24% and a negative return on equity of 86.04%. The company had revenue of $124.32 million for the quarter, compared to analysts’ expectations of $125.78 million. During the same quarter in the previous year, the company earned $0.11 earnings per share. Denny’s Corp.’s quarterly revenue was up .8% on a year-over-year basis. Equities analysts expect that Denny’s Corp. will post $0.52 earnings per share for the current year.
Large investors have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Denny’s Corp. by 8.6% in the second quarter. Royal Bank of Canada now owns 9,341 shares of the company’s stock worth $100,000 after buying an additional 737 shares during the last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Denny’s Corp. during the second quarter worth approximately $101,000. Victory Capital Management Inc. boosted its stake in Denny’s Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 9,425 shares of the company’s stock worth $101,000 after buying an additional 4,107 shares during the last quarter. Trexquant Investment LP purchased a new stake in Denny’s Corp. during the second quarter worth approximately $110,000. Finally, Airain ltd purchased a new stake in Denny’s Corp. during the second quarter worth approximately $111,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.
Denny’s Corp. Company Profile
Denny’s Corporation (Denny’s) is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and company operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.
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