Denny's (DENN) Downgraded by BidaskClub to Sell
BidaskClub downgraded shares of Denny's (NASDAQ:DENN) from a hold rating to a sell rating in a research report released on Wednesday morning.
DENN has been the subject of several other research reports. Zacks Investment Research raised Denny's from a sell rating to a hold rating in a research report on Tuesday, October 3rd. TheStreet raised Denny's from a c+ rating to a b- rating in a research report on Monday, October 16th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of $12.67.
Shares of Denny's (DENN) opened at $13.40 on Wednesday. The firm has a market capitalization of $878.71, a price-to-earnings ratio of 25.77 and a beta of 0.57. The company has a debt-to-equity ratio of -2.95, a quick ratio of 0.36 and a current ratio of 0.40. Denny's has a one year low of $10.87 and a one year high of $14.25.
Denny's (NASDAQ:DENN) last released its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the consensus estimate of $0.14. The business had revenue of $132.38 million during the quarter, compared to analyst estimates of $133.58 million. Denny's had a negative return on equity of 52.30% and a net margin of 7.21%. The company’s revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. research analysts anticipate that Denny's will post 0.55 earnings per share for the current year.
In related news, VP Timothy E. Flemming sold 37,000 shares of the stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $12.54, for a total transaction of $463,980.00. Following the completion of the sale, the vice president now directly owns 161,741 shares in the company, valued at $2,028,232.14. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP F Mark Wolfinger sold 10,000 shares of the stock in a transaction on Friday, November 17th. The stock was sold at an average price of $12.57, for a total value of $125,700.00. Following the sale, the executive vice president now owns 677,697 shares of the company’s stock, valued at $8,518,651.29. The disclosure for this sale can be found here. In the last ninety days, insiders sold 118,620 shares of company stock valued at $1,540,087. 5.20% of the stock is currently owned by insiders.
Several large investors have recently made changes to their positions in the stock. Magnetar Financial LLC purchased a new stake in shares of Denny's during the third quarter worth $204,000. Dimensional Fund Advisors LP raised its holdings in Denny's by 1.6% during the third quarter. Dimensional Fund Advisors LP now owns 2,546,247 shares of the restaurant operator’s stock valued at $31,701,000 after buying an additional 39,719 shares in the last quarter. Schwab Charles Investment Management Inc. raised its holdings in Denny's by 5.5% during the third quarter. Schwab Charles Investment Management Inc. now owns 322,274 shares of the restaurant operator’s stock valued at $4,013,000 after buying an additional 16,801 shares in the last quarter. Trexquant Investment LP bought a new position in Denny's during the third quarter valued at about $234,000. Finally, TD Asset Management Inc. raised its holdings in Denny's by 10.4% during the third quarter. TD Asset Management Inc. now owns 134,100 shares of the restaurant operator’s stock valued at $1,670,000 after buying an additional 12,592 shares in the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.
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Denny's Company Profile
Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.
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