Denny’s Corp. Hits New 52-Week High at $6.25 (DENN)
Shares of Denny’s Corp. (NASDAQ:DENN) hit a new 52-week high on Monday, StockRatingsNetwork reports. The company traded as high as $6.25 and last traded at $6.15, with a volume of 459,073 shares trading hands. The stock had previously closed at $6.14.
A number of research firms have recently commented on DENN. Analysts at Janney Montgomery Scott initiated coverage on shares of Denny’s Corp. (NASDAQ:DENN) in a research note to investors on Tuesday, September 10th. They set a “buy” rating on the stock. Analysts at Roth Capital downgraded shares of Denny’s Corp. (NASDAQ:DENN) from a “buy” rating to a “neutral” rating in a research note to investors on Tuesday, July 30th. They now have a $6.25 price target on the stock.
Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $6.42.
In other Denny’s Corp. news, CFO F Mark Wolfinger sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $6.05, for a total transaction of $605,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Denny’s Corp. has a 1-year low of $4.52 and a 1-year high of $6.24. The stock has a 50-day moving average of $5.70 and a 200-day moving average of $5.76. The company has a market cap of $555.2 million and a P/E ratio of 23.62.
Denny’s Corp. (NASDAQ:DENN) last issued its quarterly earnings data on Monday, July 29th. The company reported $0.08 earnings per share for the quarter, meeting the analysts’ consensus estimate of $0.08. The company had revenue of $116.57 million for the quarter, compared to the consensus estimate of $116.66 million. During the same quarter last year, the company posted $0.05 earnings per share. Denny’s Corp.’s revenue was down 6.5% compared to the same quarter last year. Analysts expect that Denny’s Corp. will post $0.33 EPS for the current fiscal year.
Denny’s Corporation (NASDAQ:DENN) operates a family-style restaurant chains in the United States.
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