Denny's Corporation (DENN) was Reiterated by Wedbush to “Outperform” according to the research note released today. The brokerage firm has raised the Price Target to $ 14 from a previous price target of $13 . Wedbush advised their investors in a research report released on May 3, 2016.
Many Wall Street Analysts have commented on Denny's Corporation. Nomura Initiated Denny's Corporation on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $11.
On the company’s financial health, Denny's Corporation reported $0.12 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on May 2, 2016. Analyst had a consensus of $0.11. The company had revenue of $124.64 million for the quarter, compared to analysts expectations of $123.09 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Denny's Corporation opened for trading at $9.94 and hit $10.04 on the upside on Monday, eventually ending the session at $9.91, with a gain of 0.20% or 0.02 points. The heightened volatility saw the trading volume jump to 4,14,294 shares. Company has a market cap of $763 M.
In a different news, on Mar 21, 2016, Pelt Jill A Van (Sr. V.P., Chief People Officer) sold 3,135 shares at $10.35 per share price. According to the SEC, on Mar 9, 2016, F Mark Wolfinger (EVP, Chief Admin Officer & CFO) sold 26,100 shares at $10.27 per share price. On Feb 23, 2016, Timothy E. Flemming (Sr. VP, General Counsel & CLO) sold 7,700 shares at $10.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Denny’s Corporation (Denny’s) is a franchised full-service restaurant chain. The Company through its wholly owned subsidiary Denny’s Inc. owns and operates the Denny’s brand. Its other wholly owned subsidiaries include DFO LLC and Denny’s Realty LLC. The Denny’s brand consisted of approximately 1702 franchised licensed and the Company operated restaurants around the world including over 1596 restaurants in the United States and over 106 international locations. Approximately 1541 of Denny’s restaurants were franchised or licensed and over 161 were Company operated. It offers a variety of items for breakfast lunch dinner and late night dining. Denny’s Fit Fare menu helps its guests identify items suited to their dietary needs. Denny’s restaurants offer special items for children and seniors at reduced prices. It offers a selection of lunch and dinner items including burgers sandwiches salads and skillet entrees along with beverages appetizers and desserts.