The stock of Denny’s Corporation (NASDAQ:DENN) reached all time high today, Nov, 24 and still has $13.36 target or 7.00% above today’s $12.49 share price. This indicates more upside for the $931.33M company. This technical setup was reported by Barchart.com. If the $13.36 PT is reached, the company will be worth $65.19M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. The stock increased 0.40% or $0.05 on November 23, hitting $12.49. About 402,028 shares traded hands or 4.29% up from the average. Denny’s Corporation (NASDAQ:DENN) has risen 24.90% since April 22, 2016 and is uptrending. It has outperformed by 19.49% the S&P500.
Analysts await Denny’s Corporation (NASDAQ:DENN) to report earnings on February, 15. They expect $0.13 earnings per share, up 18.18% or $0.02 from last year’s $0.11 per share. DENN’s profit will be $9.69 million for 24.02 P/E if the $0.13 EPS becomes a reality. After $0.13 actual earnings per share 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. The stock of Denny’s Corporation (NASDAQ:DENN) earned “Equal-Weight” rating by Stephens on Tuesday, January 12. Nomura initiated the stock with “Neutral” rating in Wednesday, April 20 report. The firm has “Outperform” rating by Wedbush given on Saturday, August 29. Longbow maintained the shares of DENN in a report on Monday, August 24 with “Positive” rating. The company was downgraded on Tuesday, August 4 by Zacks. Wedbush maintained Denny’s Corporation (NASDAQ:DENN) on Tuesday, May 3 with “Outperform” rating. The stock of Denny’s Corporation (NASDAQ:DENN) has “Positive” rating given on Friday, August 21 by Longbow.
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 Q2 2016. Its up 0.04, from 0.75 in 2016Q1. The ratio is positive, 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.
Td Asset Mngmt Inc accumulated 51,600 shares or 0% of the stock. Prudential accumulated 0.01% or 432,307 shares. Denver Ltd Liability Company last reported 10,221 shares in the company. Gsa Capital Prtn Limited Liability Partnership has 115,878 shares for 0.07% of their US portfolio. The New Jersey-based Landscape Cap Mngmt Limited Liability has invested 0.13% in Denny’s Corporation (NASDAQ:DENN). Moreover, Alliancebernstein Ltd Partnership has 0% invested in Denny’s Corporation (NASDAQ:DENN) for 301,203 shares. Waratah Capital Advisors, a Ontario – Canada-based fund reported 190,200 shares. Amer International Group accumulated 0% or 43,649 shares. California State Teachers Retirement System holds 0% of its portfolio in Denny’s Corporation (NASDAQ:DENN) for 158,994 shares. Clarivest Asset Management Lc accumulated 299,342 shares or 0.1% of the stock. Hightower Ltd Liability Co, a Illinois-based fund reported 11,450 shares. State Board Of Administration Of Florida Retirement Sys has 116,166 shares for 0% of their US portfolio. Voya Invest Mngmt Ltd Liability accumulated 0% or 47,793 shares. Skylands Cap Lc has invested 0.54% of its portfolio in Denny’s Corporation (NASDAQ:DENN). Principal Financial Group holds 0% of its portfolio in Denny’s Corporation (NASDAQ:DENN) for 21,596 shares.
Insider Transactions: Since November 3, 2016, the stock had 0 insider purchases, and 5 selling transactions for $2.15 million net activity. Flemming Timothy E. also sold $174,899 worth of Denny’s Corporation (NASDAQ:DENN) on Wednesday, November 9. SMITHART-OGLESBY DEBRA had sold 2,281 shares worth $26,232 on Thursday, November 3. 42,100 shares were sold by WOLFINGER F MARK, worth $517,043.
More news for Denny’s Corporation (NASDAQ:DENN) were recently published by: Prnewswire.com, which released: “SHAREHOLDER ALERT: Purcell Julie & Lefkowitz LLP Is Investigating Denny’s …” on July 26, 2016. Globenewswire.com‘s article titled: “Denny’s Corporation Reports Results for Third Quarter 2016” and published on November 01, 2016 is yet another important article.
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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