The stock of Denny’s Corporation (NASDAQ:DENN) decreased by -$0.01 on Friday to finish at $10.42, down -0.10 percent. The last five days have seen an average of 406,980 shares of common stock traded. 16 times new highs were reached in the current year, with a gain of $1.21. The average number of shares traded over the last 20 days was 572,935, while the average volume over the last 50 days totaled 518,772.
DENN stock dropped -11.92% since last month. On 08/04/23, the company’s shares reached a one-month low of $10.24. The stock touched a high of $13.12 on 02/14/23, after rallying from a low of $8.66 in 52 weeks. The price of DENN stock has risen by 13.14% or $1.21 this year, reaching a new high 16 times. Still, the stock price is down -20.61% from the 52-week high.
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Insider Transactions
DENN stock investors should be aware that Denny’s Corporation (DENN) stock had its last reported insider trading activity 160 days ago on Mar 07. On Mar 07, EVP, CLO, CPO and Secretary Myers Gail Sharps sold 7,450 shares at $11.52 each. This transaction resulted in the insider making $85,825. On Nov 21, Verostek Robert P. sold 7,500 shares at a price of US$12.41. After the transaction, the insider now owns 30,036 shares. Director LAUDERBACK BRENDA J had earlier sold 5,421 shares on Nov 15 for $12.83 a share. The transaction was completed for $69,551.
Valuation Metrics
Denny’s Corporation (DENN) has a trailing price-to-earnings (P/E) ratio of 15.60. Beta for the stock is 1.73. There are also a few other valuation ratios worth considering, including the trailing price-to-sales (P/S) ratio of 1.22, and the price-to-cash flow ratio of 10.31.
Financial Health
For the three months ended June 29, Denny’s Corporation’s quick ratio was 0.40, while its current ratio was 0.40, indicating its inability to pay off its debt. As far as profitability goes, gross margin for the trailing twelve months is 60.90% percent. Denny’s Corporation’s EBITDA margin for the year ended June 29 was 16.32%, whereas its operating margin stood at 13.70% for the same period. Based on annual data, it had gross profit of $175.92 million and revenue of $456.43 million.
Investors will also look at the performance of the company’s management in order to determine the potential profitability of their investment. DENN’s return on assets (ROA) during the last 12 months has been 8.00%. There was a 15.20% return on investment (ROI) in the past year. In the meantime, the return on equity (ROE) for the last 12 months was -92.10%.
Earnings Surprise
According to Denny’s Corporation’s quarterly financial report for the quarter that ended June 29, it had $247.0 million in total debt versus $3.08 million in cash and short-term investments. A lower net income was reported in the quarter under review than the previous quarter. Net income for the quarter came in at $116.92 million, while revenues rose by 1.63% to $117.47 million. It was predicted that Denny’s Corporation’s quarterly earnings would be $0.14, but it ended up being $0.16, beating the consensus by -12.50%. EBITDA was $18.71 million for the quarter. At the end of Denny’s Corporation’s most recent quarter ended June 29, its liabilities totaled 508.24 million, while its total debt was $390.2 million. Equity owned by shareholders amounts to $55.46 million.
Technical Picture
Here’s a quick look at Denny’s Corporation’s (DENN) price momentum from a technical perspective. As of 11 August, the RSI 9-day stood at 35.05%, suggesting the stock is Neutral, with a 49.62% historical volatility rate.
The stochastic %K and %D were 9.38% and 10.18% respectively, while the average true range (ATR) was 0.34. Based on the 14-day stochastic reading of 10.78%, the RSI (14) reading is 37.08%. On the 9-day MACD Oscillator, the stock is at -0.13, and the 14-day reading is at -0.50.
Analyst Ratings
In its analyst report released on July 18, 2023, Piper Sandler began covering Denny’s Corporation (NASDAQ: DENN). The stock was rated as a Neutral by the brokerage firm. Analysts have assigned Denny’s Corporation (DENN) an Overweight rating. DENN is a stock that is recommended for selling by 0 brokerage firms, while 5 companies recommend holding. The stock is underweighted by 0 analysts. Among the analysts who rate the stock, 1 rate it overweight and 3 others recommend it as a buy.
What is DENN’s price target for the next 12 months?
The current consensus forecast for the stock is between $12.00 and $16.00, with a median target price of $14.00. In analyzing these forecasts, the average price target given by analysts for Denny’s Corporation (DENN) is $13.57.
