Denny's Corporation (DENN)’s Stock Is Sell After Forming

July 27, 2018 - By Mark Babin

Denny's Corporation (NASDAQ:DENN) Logo

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.16, from 1.12 in 2017Q4. It is negative, as 9 investors sold Denny's Corporation shares while 48 reduced holdings. 23 funds opened positions while 32 raised stakes. 53.66 million shares or 4.11% less from 55.96 million shares in 2017Q4 were reported.
Menta Cap Limited Liability Corp stated it has 0.21% in Denny's Corporation (NASDAQ:DENN). Vanguard Gru Inc reported 2.86M shares. Glenmede Tru Company Na holds 0% or 931 shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 4,291 shares or 0% of all its holdings. Zebra Capital Limited Co reported 71,679 shares. 96,600 were reported by Olstein Cap Mgmt L P. Wilen Inv Mngmt Corporation has invested 0.87% of its portfolio in Denny's Corporation (NASDAQ:DENN). Aqr Capital Management Limited Liability invested 0% in Denny's Corporation (NASDAQ:DENN). Susquehanna Intll Gp Limited Liability Partnership invested in 0% or 66,277 shares. Aperio Gp Inc Lc invested 0% in Denny's Corporation (NASDAQ:DENN). 389,810 were accumulated by Beddow Cap Management. Florida-based Sawgrass Asset Ltd Limited Liability Company has invested 0.01% in Denny's Corporation (NASDAQ:DENN). Morgan Stanley holds 0% or 222,186 shares in its portfolio. Advisory Services Networks Ltd Llc accumulated 310 shares. Tiaa Cref Invest Management Limited Liability invested in 0% or 228,676 shares.

Since February 21, 2018, it had 0 insider buys, and 15 insider sales for $7.35 million activity. $100,425 worth of Denny's Corporation (NASDAQ:DENN) was sold by Bode Christopher D. Another trade for 50,546 shares valued at $760,489 was made by MILLER JOHN C on Monday, February 26. On Monday, March 5 the insider WOLFINGER F MARK sold $379,308. $115,484 worth of Denny's Corporation (NASDAQ:DENN) was sold by Verostek Robert P.. Dunn Stephen C. had sold 11,506 shares worth $181,873 on Friday, June 8. Flemming Timothy E. sold $505,733 worth of stock.

The stock of Denny's Corporation (DENN) formed H&S with $14.16 target or 9.00 % below today’s $15.56 share price. The 7 months Head & Shoulders indicates high risk for the $989.25 million company. It was reported on Jul, 27 by Faxor.com. If the $14.16 price target is reached, the company will be worth $89.03 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.13% or $0.02 during the last trading session, reaching $15.56. About 85,832 shares traded. Denny's Corporation (NASDAQ:DENN) has risen 30.07% since July 27, 2017 and is uptrending. It has outperformed by 17.50% the S&P500.

Analysts await Denny's Corporation (NASDAQ:DENN) to report earnings on July, 30 after the close. They expect $0.16 earnings per share, up 14.29 % or $0.02 from last year’s $0.14 per share. DENN’s profit will be $10.17 million for 24.31 P/E if the $0.16 EPS becomes a reality. After $0.15 actual earnings per share reported by Denny's Corporation for the previous quarter, Wall Street now forecasts 6.67 % EPS growth.

Denny's Corporation (NASDAQ:DENN) Ratings Coverage

Among 2 analysts covering Denny’s Corp (NASDAQ:DENN), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. Denny’s Corp had 2 analyst reports since February 14, 2018 according to SRatingsIntel. Stephens maintained the stock with “Buy” rating in Wednesday, February 14 report. Longbow downgraded Denny's Corporation (NASDAQ:DENN) on Wednesday, May 2 to “Neutral” rating.

More recent Denny's Corporation (NASDAQ:DENN) news were published by: Investorplace.com which released: “6 Restaurant Stocks to Thrive and Reverse Industry Trends in 2H” on July 19, 2018. Also Nasdaq.com published the news titled: “Denny’s Corporation Announces Timing of Second Quarter Results and Conference Call on July 30, 2018” on July 09, 2018. Seekingalpha.com‘s news article titled: “Denny’s: Forget About The Turnaround” with publication date: July 16, 2018 was also an interesting one.

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 $989.25 million. 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 25.85 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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