Denny’s Corporation (NASDAQ:DENN) currently has a daily average trading volume of 1.82M but it saw 1845235 shares traded on Thursday. With a market cap of 689.62M USD, the company’s enterprise value now stands nearly at $1.16B. Stock’s current market price of $10.99 came rising about 3.29 while comparing to the previous closing price of $10.64. In past 52 weeks, the stock remained buoying in the range of price level as high as $23.88 and as low as $4.50. In the recent trading on the day, stock has struck highest price mark of $11.344 while lowest mark touched by it was $10.76.
Taking a look at 20-day trading activity of Denny’s Corporation (DENN) gives us an average price of $10.10, while its current price level is -53.98% below from 52-week high level whereas it is 144.22% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $9.67 while that of 200 days or SMA-200 reads an average of $13.83. A closer look into the stock’s movement over the week reveals that its volatility is standing at 4.89% during that period while stretching the period over a month that increases to 5.81%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 62.05 which implies that the stock is in neutral territory.
The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Stephens which downgraded the stock as “Equal-Weight” in its note to investors issued on July 13, 2020, recommending a price target of between $12 and $10 for it. SunTrust issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $21 and $11.
Over the week, DENN’s stock price is moving 4.97% up while it is 21.57% when we observe its performance for the past one month. Year-to-date it is -44.72% down and over the past year, the stock is showing a downside performance of -52.97%.
The latest quarterly earnings report issued by the company was for quarter ended 6/29/2020, when its quarterly earnings per share (EPS) of -$0.25 beaten by the consensus estimate of -$0.19 for the same. In next quarter, company is expected to be making quarterly sales of $96.41 million as analysts are expecting the sales for current fiscal year at $305.27 million and seeing the company making $393.11 million in sales next year. Moreover, analysts are in estimates of $71.95 million for current-quarter revenue.
Currently, Denny’s Corporation’s total number of outstanding shares is 63.71M with 3.37% of that held by the insiders while 95.62% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 112.50% and return on equity (ROE) at -31.80%. It has a price to earnings ratio (P/E ratio) of 12.87 while having a 22.43 of forward P/E ratio. Stock’s beta reads 1.37. Stock has a price to sale or P/S ratio amounts to 1.84. Its return on asset (ROA) is 11.60% on average.
A filing at the U.S. Securities and Exchange Commission revealed that Wells Fargo Special Small Cap Val came shrinking its share ownership by 0.77% in the Denny’s Corporation (DENN) increasing its stake to 5.84% with control over 28500.0 shares in the company. As per SEC documents, Wells Fargo Special Small Cap Val sought 3,722,300 of company’s common stock of worth $33.07 million as per recent closing price of the stock. Wells Fargo Special Small Cap Val is not the only institutional holder which restructured its stake in Denny’s Corporation, as Vanguard Total Stock Market Index picked 1,723,609 shares of worth $15.31 million to bring its holdings to a total of 0.21 million shares. In the most recent quarter, T Rowe Price QM US Small Cap Gro came cutting its stake by -2.99% in the company and now holds 1.62 million or 2.55% of the company’s stake having worth of about 14.43 million.