Separately, Zacks Investment Research cut shares of Denny’s Corp. from a buy rating to a hold rating in a report on Monday, July 4th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus target price of $12.40.
Denny’s Corp. (NASDAQ:DENN) traded up 2.83% during midday trading on Friday, reaching $10.52. 319,064 shares of the company were exchanged. Denny’s Corp. has a one year low of $8.71 and a one year high of $11.89. The firm’s 50-day moving average is $10.50 and its 200-day moving average is $10.67. The firm has a market cap of $786.92 million, a P/E ratio of 52.86 and a beta of 0.48.
Denny’s Corp. (NASDAQ:DENN) last posted its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, hitting the consensus estimate of $0.13. The business earned $124.32 million during the quarter, compared to analysts’ expectations of $125.78 million. Denny’s Corp. had a net margin of 3.24% and a negative return on equity of 86.04%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period last year, the company posted $0.11 earnings per share. On average, equities analysts expect that Denny’s Corp. will post $0.52 EPS for the current fiscal year.
Hedge funds 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 period. Paradigm Asset Management Co. LLC acquired a new stake in Denny’s Corp. during the second quarter worth about $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 period. Trexquant Investment LP acquired a new stake in Denny’s Corp. during the second quarter worth about $110,000. Finally, Airain ltd acquired a new stake in Denny’s Corp. during the second quarter worth about $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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