Denny’s Corp (NASDAQ: DENN) is -2.48% lower on its value in year-to-date trading and has touched a low of $5.37 and a high of $11.16 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The DENN stock was last observed hovering at around $5.61 in the last trading session, with the day’s gains setting it 0.29%.
Currently trading at $5.90, the stock is -1.47% and -6.40% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.17 million and changing 5.17% at the moment leaves the stock -13.57% off its SMA200. DENN registered -43.43% loss for a year compared to 6-month loss of -21.44%. The firm has a 50-day simple moving average (SMA 50) of $6.3134 and a 200-day simple moving average (SMA200) of $6.84125.
The stock witnessed a -5.60% gain in the last 1 month and extending the period to 3 months gives it a -6.94%, and is -4.07% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 4.81% over the week and 4.78% over the month.
Denny’s Corp (DENN) has around 3500 employees, a market worth around $302.85M and $453.01M in sales. Current P/E ratio is 17.64 and Fwd P/E is 10.01. Profit margin for the company is 3.90%. Distance from 52-week low is 9.87% and -47.13% from its 52-week high. The company has generated returns on investments over the last 12 months (5.30%).
The EPS is expected to shrink by -11.03% this year
212.0 institutions hold shares in Denny’s Corp (DENN), with institutional investors hold 83.95% of the company’s shares. The shares outstanding are 51.33M, and float is at 49.61M with Short Float at 3.86%. Institutions hold 81.36% of the Float.
The top institutional shareholder in the company is ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC with over 8.08 million shares valued at $57.34 million. The investor’s holdings represent 15.2174 of the DENN Shares outstanding. As of 2024-06-30, the second largest holder is BLACKROCK INC. with 4.0 million shares valued at $28.39 million to account for 7.5349 of the shares outstanding. The other top investors are VANGUARD GROUP INC which holds 3.42 million shares representing 6.4431 and valued at over $24.28 million, while WELLINGTON MANAGEMENT GROUP LLP holds 5.7976 of the shares totaling 3.08 million with a market value of $21.84 million.
Denny’s Corp (DENN) Insider Activity
The most recent transaction is an insider purchase by Verostek Robert P., the company’s EVP, Chief Financial Officer. SEC filings show that Verostek Robert P. bought 10,000 shares of the company’s common stock on Jun 14 ’24 at a price of $6.53 per share for a total of $65299.0. Following the purchase, the insider now owns 24000.0 shares.
Denny’s Corp disclosed in a document filed with the SEC on Jun 14 ’24 that Gilmore Jay C (Sr. VP, CAO & Corp. Controller) bought a total of 12,000 shares of the company’s common stock. The trade occurred on Jun 14 ’24 and was made at $6.51 per share for $78118.0. Following the transaction, the insider now directly holds 0.12 million shares of the DENN stock.
Still, SEC filings show that on May 22 ’24, LAUDERBACK BRENDA J (Director) disposed off 11,145 shares at an average price of $7.36 for $82009.0. The insider now directly holds 15,406 shares of Denny’s Corp (DENN).
