Denny's Corporation (DENN) Can’t Be More Hot. Just Reaches Record High

April 17, 2018 - By Jason Grubb

Denny's Corporation (NASDAQ:DENN) Logo

Investors sentiment increased to 1.12 in 2017 Q4. Its up 0.33, from 0.79 in 2017Q3. It increased, as 9 investors sold Denny's Corporation shares while 43 reduced holdings. 22 funds opened positions while 36 raised stakes. 55.96 million shares or 1.79% less from 56.98 million shares in 2017Q3 were reported.
New York State Teachers Retirement Sys invested in 5,800 shares. Goldman Sachs owns 241,878 shares. Rhumbline Advisers reported 72,470 shares. Prelude Cap Ltd Liability holds 30,137 shares. Brown Advisory Inc reported 3.04 million shares. Ahl Ltd Liability Partnership reported 104,948 shares. California State Teachers Retirement holds 0% of its portfolio in Denny's Corporation (NASDAQ:DENN) for 102,932 shares. Northern Trust reported 0% of its portfolio in Denny's Corporation (NASDAQ:DENN). Victory Cap Management, a Ohio-based fund reported 19,606 shares. Cadence Cap Ltd Liability Corporation holds 138,355 shares. New York State Common Retirement Fund holds 0% or 67,800 shares in its portfolio. Wells Fargo Company Mn holds 4.91M shares. 9,957 were reported by Pnc Financial Svcs Inc. Tower Capital Limited Liability Co (Trc) holds 1,260 shares or 0% of its portfolio. Los Angeles Cap Mgmt & Equity has invested 0% in Denny's Corporation (NASDAQ:DENN).

Since December 13, 2017, it had 0 insider buys, and 13 sales for $5.36 million activity. The insider MILLER JOHN C sold 72,417 shares worth $1.09M. On Wednesday, February 21 the insider WOLFINGER F MARK sold $298,128. On Friday, March 9 Flemming Timothy E. sold $505,733 worth of Denny's Corporation (NASDAQ:DENN) or 31,606 shares. 14,000 Denny's Corporation (NASDAQ:DENN) shares with value of $224,420 were sold by Dillon John William. $115,484 worth of stock was sold by Verostek Robert P. on Friday, March 2.

The stock of Denny's Corporation (NASDAQ:DENN) reached all time high today, Apr, 17 and still has $17.08 target or 3.00 % above today’s $16.58 share price. This indicates more upside for the $1.07B company. This technical setup was reported by Barchart.com. If the $17.08 PT is reached, the company will be worth $31.95M more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events.

The stock decreased 0.06% or $0.01 during the last trading session, reaching $16.58. About 128,238 shares traded. Denny's Corporation (NASDAQ:DENN) has risen 27.85% since April 17, 2017 and is uptrending. It has outperformed by 16.30% the S&P500.

Analysts await Denny's Corporation (NASDAQ:DENN) to report earnings on May, 1. They expect $0.10 earnings per share, down 16.67 % or $0.02 from last year’s $0.12 per share. DENN’s profit will be $6.42 million for 41.45 P/E if the $0.10 EPS becomes a reality. After $0.18 actual earnings per share reported by Denny's Corporation for the previous quarter, Wall Street now forecasts -44.44 % negative EPS growth.

Denny??s Corporation, through its subsidiary, Denny??s, Inc., owns and operates full-service restaurant chains under the Denny??s brand. The company has market cap of $1.07 billion. As of June 28, 2017, it operated 1,724 franchised, licensed, and firm operated restaurants worldwide, including 125 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, Costa Rica, Dominican Republic, the United Arab Emirates, the Philippines, Guam, Cura??ao ,and El Salvador. It has a 29.61 P/E ratio. The firm was formerly known as Advantica Restaurant Group, Inc. and changed its name to Denny??s Corporation in 2002.

Denny's Corporation (NASDAQ:DENN) Institutional Positions Chart

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