What’s in Denny's Corporation (DENN) After Reaching 52-Week High?

April 26, 2018 - By Michael Collier

Denny's Corporation (NASDAQ:DENN) Logo

Investors sentiment increased to 1.12 in 2017 Q4. Its up 0.33, from 0.79 in 2017Q3. It is positive, as 9 investors sold Denny's Corporation shares while 43 reduced holdings. 22 funds opened positions while 36 raised stakes. 55.96 million shares or 1.79% less from 56.98 million shares in 2017Q3 were reported.
Victory Cap Mgmt Inc holds 0% of its portfolio in Denny's Corporation (NASDAQ:DENN) for 19,606 shares. Ahl Llp holds 0.02% of its portfolio in Denny's Corporation (NASDAQ:DENN) for 104,948 shares. Deutsche Bank Ag stated it has 0.01% in Denny's Corporation (NASDAQ:DENN). D E Shaw And Inc stated it has 186,617 shares or 0% of all its holdings. Martingale Asset Mngmt L P reported 263,230 shares. First Quadrant L P Ca, California-based fund reported 16,631 shares. State Board Of Administration Of Florida Retirement has 106,496 shares for 0% of their portfolio. Citadel Advisors Lc stated it has 0% of its portfolio in Denny's Corporation (NASDAQ:DENN). Stone Ridge Asset Ltd has 34,219 shares. Vanguard owns 0% invested in Denny's Corporation (NASDAQ:DENN) for 2.79 million shares. Brinker reported 0.01% in Denny's Corporation (NASDAQ:DENN). Sei Invests Communications has 116 shares. Meeder Asset Management invested in 4,538 shares. Bnp Paribas Arbitrage reported 13,721 shares stake. Commercial Bank Of Ny Mellon has 315,315 shares.

Since December 13, 2017, it had 0 insider buys, and 13 insider sales for $5.36 million activity. Another trade for 72,417 shares valued at $1.09 million was sold by MILLER JOHN C. Flemming Timothy E. sold 31,606 shares worth $505,733. Bode Christopher D sold $234,764 worth of stock or 15,000 shares. 7,548 shares were sold by Verostek Robert P., worth $115,484. The insider Dillon John William sold $224,420.

The stock of Denny's Corporation (NASDAQ:DENN) hit a new 52-week high and has $18.63 target or 7.00 % above today’s $17.41 share price. The 8 months bullish chart indicates low risk for the $1.12B company. The 1-year high was reported on Apr, 26 by Barchart.com. If the $18.63 price target is reached, the company will be worth $78.33 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.

The stock increased 2.29% or $0.39 during the last trading session, reaching $17.41. About 34,902 shares traded. Denny's Corporation (NASDAQ:DENN) has risen 27.85% since April 26, 2017 and is uptrending. It has outperformed by 16.30% the S&P500.

Analysts await Denny's Corporation (NASDAQ:DENN) to report earnings on May, 1 after the close. They expect $0.10 earnings per share, down 16.67 % or $0.02 from last year’s $0.12 per share. DENN’s profit will be $6.43M for 43.53 P/E if the $0.10 EPS becomes a reality. After $0.18 actual earnings per share reported by Denny's Corporation for the previous quarter, Wall Street now forecasts -44.44 % negative EPS growth.

Denny??s Corporation, through its subsidiary, Denny??s, Inc., owns and operates full-service restaurant chains under the Denny??s brand. The company has market cap of $1.12 billion. As of June 28, 2017, it operated 1,724 franchised, licensed, and firm operated restaurants worldwide, including 125 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, Costa Rica, Dominican Republic, the United Arab Emirates, the Philippines, Guam, Cura??ao ,and El Salvador. It has a 31.09 P/E ratio. The firm was formerly known as Advantica Restaurant Group, Inc. and changed its name to Denny??s Corporation in 2002.

Denny's Corporation (NASDAQ:DENN) Institutional Positions Chart

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