Is Denny’s Corp. (NASDAQ: DENN) No Longer A Good Investment?

After Hours

After-hours and pre-market trading may carry slightly higher risks than regular market hours. As issuers often announce important financial information outside regular trading hours, extended-hours trading may result in wider spreads for a particular security. That is because extended-hours trading may result in lower liquidity and higher volatility. Most recently, Yahoo Finance reported about the stock as it publicized that Denny’s Corporation Announces Timing Of Fourth Quarter And Full Year 2023 Results And Conference Call On February 13, 2024.

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Stocks Info

DENN belongs to the Consumer Cyclical sector of the NASDAQ while operating in the Restaurants industry. At the end of the last regular session, the stock closed at $10.86 and fluctuated between $10.87 as its day high and $10.35 as its day low. The current market capitalization of Denny’s Corp. is $576.56M. A total of 0.75 million shares were traded on the day, compared to an average of 556.11K shares.

Insider Activity

Investors also take into account insider trades in predicting how the stock will perform in the future. During the recent three months, DENN has seen 0 BUY and 2 SELL insider trades, representing the acquisition of 0 and the disposition of 137,500 shares. Over the last 12 months, there were 7 BUYs and 13 SELLs from insiders. Insiders purchased 640,068 shares during that period but sold 499,139.

In the most recent transaction, MILLER JOHN C sold 22,600 shares of DENN for 9.36 per share on Nov 15. After the transaction, the Director now owns 740,626 company shares. In a previous transaction on Nov 14, MILLER JOHN C sold 114,900 shares at 9.23 per share. DENN shares that Director owns now total 763,226.

Among the insiders who sold shares, Dunn Stephen C. disposed of 45,000 shares on Sep 15 at a per-share price of $8.83. This resulted in the EVP, Chief Global Dev. Ofc. holding 67,496 shares of DENN after the transaction. In another insider transaction, MILLER JOHN C sold 25,000 shares at $9.08 per share on Sep 12. Company shares held by the Director now total 878,126.

While price targets are rarely accurate, they tend to exert some kind of influence from time to time and are often taken into account by investors. According to analysts who have offered 12-month price targets for DENN in the last 3 months, the mean price target is $12.14 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 $13.00 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 organization’s balance sheet depicts the assets and liabilities it has, as well as the amount of equity invested. Investors can measure a company’s prospects by calculating its financial ratios using 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 is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. 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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