Denny’s Co. (NASDAQ:DENN) Short Interest Down 14.2% in December

Denny’s Co. (NASDAQ:DENNGet Rating) was the target of a significant decline in short interest during the month of December. As of December 30th, there was short interest totalling 1,880,000 shares, a decline of 14.2% from the December 15th total of 2,190,000 shares. Currently, 3.4% of the shares of the company are sold short. Based on an average daily trading volume, of 757,900 shares, the days-to-cover ratio is currently 2.5 days.

Analysts Set New Price Targets

DENN has been the subject of several research analyst reports. Citigroup upped their target price on shares of Denny’s from $10.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, November 2nd. Wedbush cut shares of Denny’s from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $12.50 to $10.00 in a research note on Wednesday, December 21st. Finally, StockNews.com assumed coverage on shares of Denny’s in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Denny’s has a consensus rating of “Hold” and an average target price of $11.90.

Denny’s Stock Performance

Shares of DENN stock opened at $12.30 on Friday. The firm has a fifty day moving average of $11.04 and a 200-day moving average of $10.32. Denny’s has a 52-week low of $8.46 and a 52-week high of $16.97. The stock has a market cap of $703.97 million, a price-to-earnings ratio of 7.37, a P/E/G ratio of 2.06 and a beta of 1.61.

Denny’s (NASDAQ:DENNGet Rating) last posted its earnings results on Tuesday, November 1st. The restaurant operator reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.02). Denny’s had a negative return on equity of 58.33% and a net margin of 23.78%. The firm had revenue of $117.46 million during the quarter, compared to the consensus estimate of $114.01 million. On average, sell-side analysts predict that Denny’s will post 0.5 earnings per share for the current year.

Insider Transactions at Denny’s

In other news, Director Brenda J. Lauderback sold 5,421 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $12.83, for a total value of $69,551.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Brenda J. Lauderback sold 5,421 shares of the company’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $12.83, for a total transaction of $69,551.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director John C. Miller sold 150,000 shares of the company’s stock in a transaction on Friday, November 4th. The shares were sold at an average price of $11.61, for a total transaction of $1,741,500.00. Following the transaction, the director now owns 776,721 shares of the company’s stock, valued at $9,017,730.81. The disclosure for this sale can be found here. Over the last three months, insiders sold 262,921 shares of company stock worth $3,079,126. 5.50% of the stock is owned by insiders.

Institutional Investors Weigh In On Denny’s

Large investors have recently made changes to their positions in the company. Quantbot Technologies LP bought a new stake in shares of Denny’s in the 1st quarter worth about $29,000. Quadrant Capital Group LLC grew its holdings in Denny’s by 191.4% during the 3rd quarter. Quadrant Capital Group LLC now owns 2,841 shares of the restaurant operator’s stock worth $27,000 after acquiring an additional 1,866 shares during the last quarter. Great West Life Assurance Co. Can bought a new stake in Denny’s during the 3rd quarter worth about $34,000. Barclays PLC grew its holdings in Denny’s by 50.6% during the 3rd quarter. Barclays PLC now owns 4,539 shares of the restaurant operator’s stock worth $42,000 after acquiring an additional 1,526 shares during the last quarter. Finally, Point72 Asset Management L.P. bought a new stake in Denny’s during the 3rd quarter worth about $48,000. Institutional investors own 90.65% of the company’s stock.

Denny’s Company Profile

(Get Rating)

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 29, 2021, it had 1,640 franchised, licensed, and company restaurants worldwide. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in 2002.

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