Denny’s Co. (NASDAQ:DENN) Short Interest Update

Denny’s Co. (NASDAQ:DENN) saw a large decrease in short interest in the month of June. As of June 15th, there was short interest totalling 1,680,000 shares, a decrease of 5.1% from the May 31st total of 1,770,000 shares. Approximately 3.3% of the company’s stock are short sold. Based on an average daily volume of 583,600 shares, the short-interest ratio is currently 2.9 days.

Denny’s Trading Up 1.3 %

DENN opened at $6.77 on Wednesday. Denny’s has a 1-year low of $6.33 and a 1-year high of $12.50. The stock has a market capitalization of $352.18 million, a price-to-earnings ratio of 15.74, a P/E/G ratio of 1.32 and a beta of 2.01. The business has a 50 day moving average of $7.38 and a 200-day moving average of $8.86.

Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.11 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.03). The firm had revenue of $109.97 million during the quarter, compared to the consensus estimate of $115.17 million. Denny’s had a negative return on equity of 63.27% and a net margin of 5.27%. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.13 earnings per share. Equities analysts predict that Denny’s will post 0.6 EPS for the current year.

Insider Activity

In other Denny’s news, CAO Jay C. Gilmore bought 12,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of $6.51 per share, for a total transaction of $78,120.00. Following the acquisition, the chief accounting officer now directly owns 121,227 shares of the company’s stock, valued at $789,187.77. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Denny’s news, CAO Jay C. Gilmore bought 12,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of $6.51 per share, for a total transaction of $78,120.00. Following the acquisition, the chief accounting officer now directly owns 121,227 shares of the company’s stock, valued at $789,187.77. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Brenda J. Lauderback sold 11,145 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $7.36, for a total value of $82,027.20. Following the completion of the transaction, the director now owns 15,406 shares in the company, valued at approximately $113,388.16. The disclosure for this sale can be found here. 4.20% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of DENN. North Star Investment Management Corp. raised its stake in Denny’s by 95.6% during the fourth quarter. North Star Investment Management Corp. now owns 431,700 shares of the restaurant operator’s stock worth $4,697,000 after acquiring an additional 211,000 shares in the last quarter. Earnest Partners LLC raised its stake in Denny’s by 17.4% during the third quarter. Earnest Partners LLC now owns 1,545,902 shares of the restaurant operator’s stock worth $13,094,000 after acquiring an additional 228,709 shares in the last quarter. Diversified Trust Co increased its stake in shares of Denny’s by 16.4% in the fourth quarter. Diversified Trust Co now owns 15,546 shares of the restaurant operator’s stock valued at $169,000 after buying an additional 2,186 shares in the last quarter. Fruth Investment Management increased its position in Denny’s by 8.2% in the fourth quarter. Fruth Investment Management now owns 26,500 shares of the restaurant operator’s stock worth $288,000 after purchasing an additional 2,000 shares during the period. Finally, Vanguard Group Inc. increased its position in Denny’s by 3.4% in the third quarter. Vanguard Group Inc. now owns 3,273,187 shares of the restaurant operator’s stock worth $27,724,000 after purchasing an additional 108,758 shares during the period. 85.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on DENN shares. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Wedbush decreased their target price on Denny’s from $10.50 to $9.50 and set a “neutral” rating for the company in a research report on Friday, April 26th. Benchmark reaffirmed a “buy” rating and set a $15.00 target price on shares of Denny’s in a research report on Wednesday, May 1st. Finally, Oppenheimer decreased their target price on Denny’s from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Wednesday, May 1st. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $11.42.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.