In yesterday’s Wall Street session, Denny’s Corp (NASDAQ:DENN) shares traded at $5.37, up 4.88% from the previous session.
DENN stock price is now -12.96% away from the 50-day moving average and -18.80% away from the 200-day moving average. The market capitalization of the company currently stands at $275.63M.
With the price target enhanced from $6 to $10, Wedbush Upgraded its rating from Neutral to Outperform for Denny’s Corp (NASDAQ: DENN). On October 25, 2024, Citigroup Upgraded its previous ‘Neutral’ rating to ‘Buy’ on the stock increasing its target price from $7 to quote $7.50, while ‘Piper Sandler’ rates the stock as ‘Neutral’
In other news, Verostek Robert P., EVP, Chief Financial Officer bought 10,000 shares of the company’s stock on Jun 14 ’24. The stock was bought for $65,299 at an average price of $6.53. Upon completion of the transaction, the EVP, Chief Financial Officer now directly owns 24,000 shares in the company, valued at $0.13 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Jun 14 ’24, Sr. VP, CAO & Corp. Controller Gilmore Jay C bought 12,000 shares of the business’s stock. A total of $78,118 was incurred on buying the stock at an average price of $6.51. This leaves the insider owning 121,227 shares of the company worth $0.65 million. A total of 3.37% of the company’s stock is owned by insiders.
During the past 12 months, Denny’s Corp has had a low of $5.11 and a high of $10.13. The fifty day moving average price for DENN is $6.1936 and a two-hundred day moving average price translates $6.6272 for the stock.
The latest earnings results from Denny’s Corp (NASDAQ: DENN) was released for 2024-09-25. The company reported revenue of $111.76 million for the quarter, compared to $114.18 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -2.12 percent. For the current quarter, analysts expect DENN to generate $110.49M in revenue.
