Denny’s Corp. (NASDAQ: DENN) stock fell -1.85% on Monday to $9.55 against a previous-day closing price of $9.73. With 0.72 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.65 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $9.81 whereas the lowest price it dropped to was $9.54. The 52-week range on DENN shows that it touched its highest point at $13.00 and its lowest point at $8.11 during that stretch. It currently has a 1-year price target of $11.43. Beta for the stock currently stands at 1.88.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of DENN was up-trending over the past week, with a rise of 9.77%, but this was up by 10.40% over a month. Three-month performance dropped to -3.14% while six-month performance fell -15.78%. The stock lost -23.48% in the past year, while it has gained 3.69% so far this year. A look at the trailing 12-month EPS for DENN yields 0.52 with Next year EPS estimates of 0.70. For the next quarter, that number is 0.17. This implies an EPS growth rate of 17.69% for this year and 14.06% for next year. EPS is expected to grow by 9.00% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 16.99%.
Float and Shares Shorts:
At present, 56.73 million DENN shares are outstanding with a float of 50.82 million shares on hand for trading. On Oct 30, 2023, short shares totaled 2.51 million, which was 4.73% higher than short shares on Sep 28, 2023. In addition to Ms. Kelli F. Valade as the firm’s CEO & Director, Mr. Robert P. Verostek serves as its Executive VP & CFO.
Other institutions hold 64.16% of DENN, in contrast to 43.14% held by mutual funds. Shares owned by individuals account for 37.61%. As the largest shareholder in DENN with 14.50% of the stake, Allspring Global Investments LLC holds 8,043,890 shares worth 8,043,890. A second-largest stockholder of DENN, BlackRock Fund Advisors, holds 3,583,864 shares, controlling over 6.46% of the firm’s shares. Wellington Management Co. LLP is the third largest shareholder in DENN, holding 3,526,905 shares or 6.36% stake. With a 8.46% stake in DENN, the Allspring Special Small Cap Value is the largest stakeholder. A total of 4,692,012 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 3.14% of DENN stock, is the second-largest Mutual Fund holder. It holds 1,741,210 shares valued at 15.01 million. Hartford Capital Appreciation Fun holds 2.36% of the stake in DENN, owning 1,308,467 shares worth 11.28 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for DENN since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With DENN analysts setting a high price target of $16.00 and a low target of $9.00, the average target price over the next 12 months is $11.43. Based on these targets, DENN could surge 67.54% to reach the target high and fall by -5.76% to reach the target low. Reaching the average price target will result in a growth of 19.69% from current levels.
Summary of Insider Activity:
Insiders traded DENN stock several times over the past three months with 0 Buys and 6 Sells. In these transactions, 0 shares were bought while 137,091 shares were sold. The number of buy transactions has increased to 23 while that of sell transactions has risen to 27 over the past year. The total number of shares bought during that period was 736,587 while 394,464 shares were sold.