The stock of Denny’s Corporation (NASDAQ:DENN) hit a new 52-week high and has $13.12 target or 4.00% above today’s $12.62 share price. The 5 months bullish chart indicates low risk for the $941.02 million company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $13.12 price target is reached, the company will be worth $37.64 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 222,018 shares traded hands. Denny’s Corporation (NASDAQ:DENN) has risen 24.28% since April 21, 2016 and is uptrending. It has outperformed by 18.95% the S&P500.
Analysts await Denny’s Corporation (NASDAQ:DENN) to report earnings on February, 15. They expect $0.13 EPS, up 18.18% or $0.02 from last year’s $0.11 per share. DENN’s profit will be $9.69 million for 24.27 P/E if the $0.13 EPS becomes a reality. After $0.13 actual EPS reported by Denny’s Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
Denny’s Corporation (NASDAQ:DENN) Ratings Coverage
Out of 4 analysts covering Denny’s Co. (NASDAQ:DENN), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. Denny’s Co. has been the topic of 9 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Wedbush maintained it with “Outperform” rating and $15 target price in Saturday, August 29 report. The stock of Denny’s Corporation (NASDAQ:DENN) earned “Positive” rating by Longbow on Friday, August 21. The stock has “Neutral” rating given by Nomura on Wednesday, April 20. On Tuesday, May 3 the stock rating was maintained by Wedbush with “Outperform”. On Monday, August 24 the stock rating was maintained by Longbow with “Positive”. The firm has “Buy” rating given on Tuesday, August 4 by Zacks. The firm has “Equal-Weight” rating given on Tuesday, January 12 by Stephens.
According to Zacks Investment Research, “Denny’s Corp., formerly Advantica Restaurant Group, Inc., is one of the largest restaurant companies, operating moderately-priced restaurants: Denny’s, Hardee’s, Quincy’s, El Pollo Loco, Coco’s and Carrows. The company believes its restaurants benefit from the diversity of the restaurant concepts, the generally strong market positions and consumer recognition enjoyed by these chains, the benefits of a centralized support system for purchasing, menu development, human resources, management information systems, site selection, restaurant design and construction.”
Insitutional Activity: The institutional sentiment increased to 0.79 in 2016 Q2. Its up 0.04, from 0.75 in 2016Q1. The ratio improved, as 19 funds sold all Denny’s Corporation shares owned while 57 reduced positions. 16 funds bought stakes while 41 increased positions. They now own 66.97 million shares or 2.10% less from 68.41 million shares in 2016Q1.
Citigroup holds 0% of its portfolio in Denny’s Corporation (NASDAQ:DENN) for 20,081 shares. Blackrock Fund Advsrs owns 1.97M shares or 0% of their US portfolio. Cadence Cap Mgmt Limited Co holds 0.06% of its portfolio in Denny’s Corporation (NASDAQ:DENN) for 70,539 shares. Moreover, 1832 Asset Management Lp has 0.08% invested in Denny’s Corporation (NASDAQ:DENN) for 1.86 million shares. Axa has 0% invested in the company for 38,300 shares. Geduld E E reported 25,000 shares or 0.35% of all its holdings. Skylands Capital Ltd last reported 309,200 shares in the company. Hl Fincl Limited Liability holds 70,837 shares or 0.02% of its portfolio. Legal General Gp Public Limited owns 11,896 shares or 0% of their US portfolio. Royal Natl Bank Of Canada has 9,341 shares for 0% of their US portfolio. The Texas-based Smith Asset Management Group Limited Partnership has invested 0.07% in Denny’s Corporation (NASDAQ:DENN). Commercial Bank Of Montreal Can has invested 0.01% of its portfolio in Denny’s Corporation (NASDAQ:DENN). Hightower Advisors Lc has 11,450 shares for 0% of their US portfolio. Panagora Asset Management has invested 0.04% of its portfolio in Denny’s Corporation (NASDAQ:DENN). Numeric Limited Liability Co last reported 0.01% of its portfolio in the stock.
Insider Transactions: Since November 3, 2016, the stock had 0 buys, and 5 selling transactions for $2.15 million net activity. $26,232 worth of Denny’s Corporation (NASDAQ:DENN) was sold by SMITHART-OGLESBY DEBRA on Thursday, November 3. Shares for $517,043 were sold by WOLFINGER F MARK. 15,300 shares were sold by Flemming Timothy E., worth $174,899.
More recent Denny’s Corporation (NASDAQ:DENN) news were published by: Prnewswire.com which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Denny’s …” on July 26, 2016. Also Globenewswire.com published the news titled: “Denny’s Corporation Reports Results for Third Quarter 2016” on November 01, 2016. Globenewswire.com‘s news article titled: “Denny’s Corporation Announces New $100 Million Share Repurchase Authorization” with publication date: May 26, 2016 was also an interesting one.
DENN Company Profile
Denny’s Corporation (Denny’s), incorporated on September 29, 1988, 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 firm operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations. The Company’s approximately 1,550 restaurants are franchised or licensed, representing 90% of the total restaurants, and over 160 are firm operated.
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