In last trading session, Denny’s Corp (NASDAQ:DENN) saw 0.38 million shares changing hands with its beta currently measuring 2.05. Company’s recent per share price level of $6.99 trading at -$0.09 or -1.27% at ring of the bell on the day assigns it a market valuation of $358.79M. That closing price of DENN’s stock is at a discount of -59.66% from its 52-week high price of $11.16 and is indicating a premium of 23.18% from its 52-week low price of $5.37. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 0.64 million shares which gives us an average trading volume of 621.90K if we extend that period to 3-months.
For Denny’s Corp (DENN), analysts’ consensus is at an average recommendation of Hold while assigning it a mean rating of 2.00. Splitting up the data highlights that, out of 2 analysts covering the stock, 0 rated the stock as a Sell while 0 recommended an Overweight rating for the stock. 2 suggested the stock as a Hold whereas 0 see the stock as a Buy. 0 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of 0.15 in the current quarter.
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Denny’s Corp (NASDAQ:DENN) trade information
Upright in the red during last session for losing -1.27%, in the last five days DENN remained trading in the green while hitting it’s week-highest on Wednesday, 11/06/24 when the stock touched $6.99 price level, adding 9.57% to its value on the day. Denny’s Corp’s shares saw a change of -35.75% in year-to-date performance and have moved 7.37% in past 5-day. Denny’s Corp (NASDAQ:DENN) showed a performance of 15.92% in past 30-days. Number of shares sold short was 1.5 million shares which calculate 2.82 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of 7.75 to the stock, which implies a rise of 9.81% to its current value. Analysts have been projecting 7 as a low price target for the stock while placing it at a high target of 13.5. It follows that stock’s current price would drop -0.14% in reaching the projected high whereas dropping to the targeted low would mean a loss of -0.14% for stock’s current value.
Denny’s Corp (DENN) estimates and forecasts
Statistics highlight that Denny’s Corp is scoring comparatively lower than the scores of other players of the relevant industry. The company lost -14.23% of value to its shares in past 6 months, showing an annual growth rate of -11.86% while that of industry is 2.80. Apart from that, the company came lowering its revenue forecast for fiscal year 2024. This year revenue growth is estimated to fall -2.40% from the last financial year’s standing.
8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 115.21M for the same. And 4 analysts are in estimates of company making revenue of 112.67M in the next quarter. Company posted 115.35M and 109.97M of sales in current and next quarters respectively a year earlier.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -11.84% during past 5 years. In 2024, company’s earnings growth rate is likely to be around -11.03% while estimates for its earnings growth in next 5 years are of 9.00%.
Denny’s Corp (NASDAQ:DENN)’s Major holders
Insiders are in possession of 2.73% of company’s total shares while institution are holding 85.06 percent of that, with stock having share float percentage of 87.44%. Investors also watch the number of corporate investors in a company very closely, which is 85.06% institutions for Denny’s Corp that are currently holding shares of the company. ALLSPRING GLOBAL INVESTMENTS HOLDINGS, LLC is the top institutional holder at DENN for having 8.08 million shares of worth $57.34 million. And as of 2024-06-30, it was holding 15.2174 of the company’s outstanding shares.
The second largest institutional holder is BLACKROCK INC., which was holding about 4.0 million shares on 2024-06-30. The number of shares represents firm’s hold over 7.5349 of outstanding shares, having a total worth of $28.39 million.
