Denny's (DENN) Rating Reiterated by Wedbush

Denny's (NASDAQ:DENN)‘s stock had its “buy” rating reaffirmed by investment analysts at Wedbush in a report released on Wednesday. They currently have a $16.00 target price on the restaurant operator’s stock. Wedbush’s price target would suggest a potential upside of 10.42% from the stock’s previous close.

Several other equities research analysts also recently commented on DENN. BidaskClub upgraded Denny's from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Zacks Investment Research upgraded Denny's from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Denny's presently has an average rating of “Hold” and a consensus price target of $13.33.

Denny's (NASDAQ DENN) opened at $14.49 on Wednesday. Denny's has a 12 month low of $10.87 and a 12 month high of $15.56. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of -2.95. The stock has a market capitalization of $949.86, a P/E ratio of 27.87 and a beta of 0.67.

Denny's (NASDAQ:DENN) last issued its quarterly earnings results on Tuesday, February 13th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.15 by $0.03. Denny's had a negative return on equity of 52.30% and a net margin of 7.21%. equities research analysts anticipate that Denny's will post 0.55 EPS for the current year.

In related news, VP Timothy E. Flemming sold 37,000 shares of the company’s 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 owns 161,741 shares in the company, valued at $2,028,232.14. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP F Mark Wolfinger sold 10,000 shares of the company’s 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 approximately $8,518,651.29. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 118,620 shares of company stock valued at $1,540,087. Corporate insiders own 5.20% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. grew its holdings in Denny's by 68.3% during the second quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after buying an additional 4,041 shares in the last quarter. LMR Partners LLP bought a new stake in Denny's during the third quarter worth $127,000. First Republic Investment Management Inc. bought a new stake in Denny's during the fourth quarter worth $153,000. Landscape Capital Management L.L.C. bought a new stake in Denny's during the fourth quarter worth $160,000. Finally, Magnetar Financial LLC bought a new stake in Denny's during the third quarter worth $204,000. Institutional investors and hedge funds own 91.09% of the company’s stock.

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About Denny's

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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