Denny's (DENN) Lifted to Hold at BidaskClub
Denny's (NASDAQ:DENN) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Saturday.
DENN has been the topic of a number of other reports. TheStreet upgraded Denny's from a “c+” rating to a “b-” rating in a report on Monday, October 16th. Zacks Investment Research upgraded Denny's from a “sell” rating to a “hold” rating in a report on Thursday, September 21st. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $12.67.
Denny's (DENN) traded up $0.46 during trading on Friday, hitting $14.90. The company’s stock had a trading volume of 944,636 shares, compared to its average volume of 253,207. The company has a market cap of $942.68, a PE ratio of 28.65 and a beta of 0.58. Denny's has a 52-week low of $10.87 and a 52-week high of $15.10. The company has a debt-to-equity ratio of -2.95, a current ratio of 0.40 and a quick ratio of 0.36.
In other news, VP Timothy E. Flemming sold 37,000 shares of the company’s stock in a transaction that occurred 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 transaction, the vice president now directly owns 161,741 shares of the company’s stock, valued at $2,028,232.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Pelt Jill A. Van sold 21,200 shares of the company’s stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $13.05, for a total value of $276,660.00. The disclosure for this sale can be found here. Insiders have sold 118,620 shares of company stock worth $1,540,087 over the last ninety days. 5.20% of the stock is owned by insiders.
Large investors have recently modified their holdings of the company. TD Asset Management Inc. raised its position in shares of Denny's by 10.4% during the third quarter. TD Asset Management Inc. now owns 134,100 shares of the restaurant operator’s stock worth $1,670,000 after purchasing an additional 12,592 shares during the period. Aperio Group LLC raised its position in Denny's by 51.9% in the 3rd quarter. Aperio Group LLC now owns 40,612 shares of the restaurant operator’s stock valued at $506,000 after buying an additional 13,871 shares during the last quarter. Lord Abbett & CO. LLC raised its position in Denny's by 8.0% in the 2nd quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock valued at $18,092,000 after buying an additional 114,365 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Denny's in the 2nd quarter valued at $299,000. Finally, Brightworth purchased a new stake in Denny's in the 3rd quarter valued at $269,000. 90.99% of the stock is currently owned by institutional investors.
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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