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Sunday, December 3, 2023

Today, Denny’s Corp. (NASDAQ: DENN) Takes Center Stage

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for Denny’s Corp. (DENN) shows that investor sentiment remained intact, with the stock’s consolidated last price rising by $0.02, or 0.22%, to $9.29. The Denny’s Corp. has recorded 18,241 volume in the after hours trading session. Most recently, Yahoo Finance reported about the stock as it publicized that DENNY’S BRINGS THE FLAVOR WITH NEW CRAVEABLE MENU ITEMS: RIDICULOUSLY DELICIOUS STUFFED FRENCH TOAST, SWEET CREAM COLD BREW, LOADED SALADS AND MORE.

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Stocks Info

The company is listed on the NASDAQ and operates within the Restaurants industry segment. At the end of the last regular session, the stock closed at $9.27 and fluctuated between $9.29 as its day high and $8.95 as its day low. The current market capitalization of Denny’s Corp. is $492.14M. A total of 0.7 million shares were traded on the day, compared to an average of 619.63K shares.

Insider Activity

Furthermore, investors take into consideration insider trades when predicting a stock’s future trajectory. During the recent three months, DENN has seen 0 BUY and 6 SELL insider trades, representing the acquisition of 0 and the disposition of 137,091 shares. Over the last 12 months, there were 23 BUYs and 31 SELLs from insiders. Insiders purchased 736,587 shares during that period but sold 408,885.

In the most recent transaction, Dunn Stephen C. sold 45,000 shares of DENN for 8.83 per share on Sep 15. After the transaction, the EVP, Chief Global Dev. Ofc. now owns 67,496 company shares. In a previous transaction on Sep 12, MILLER JOHN C sold 25,000 shares at 9.08 per share. DENN shares that Director owns now total 878,126.

Among the insiders who sold shares, MILLER JOHN C disposed of 25,000 shares on Sep 01 at a per-share price of $9.51. This resulted in the Director holding 903,126 shares of DENN after the transaction. In another insider transaction, MILLER JOHN C sold 25,000 shares at $9.62 per share on Aug 31. Company shares held by the Director now total 928,126.

It has been observed that price targets are rarely accurate, but they can exert some influence from time to time, and are often accepted as valuable in the market. According to analysts who have offered 12-month price targets for DENN in the last 3 months, the mean price target is $11.43 with high estimates of $16.00 and low estimates of $9.00. In terms of 52-week highs and lows, DENN has a high of $13.12 and a low of $8.11.

As of this writing, DENN has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 9 estimates, with a high estimate of $0.21 per share and a lower estimate of $0.15. The company reported an EPS of $0.14 in the last quarter, which was -12.50% lower than expectations of $0.16.

Balance Sheet Annually/Quarterly

An equity investor’s investment can be viewed on a balance sheet by looking at what assets and liabilities the company has. Investors can determine the company’s prospects by calculating its financial ratios based on this information. DENN’s latest balance sheet shows that the firm has $33.17M in Cash & Short Term Investments as of fiscal 2021. There were $324.82M in debt and $97.52M in liabilities at the time. Its Book Value Per Share was -$0.66, while its Total Shareholder’s Equity was -$65.27M.

Analysts Opinion

There may be slightly higher risks associated with pre-market and after-hours trading than during regular market hours. Due to the fact that issuers often announce critical financial information outside of regular trading hours, extended-hours trading may result in wider spreads for particular securities. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for DENN is Buy with a score of 3.88.

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