why Denny’s Corporation [DENN] is a Good Choice for Investors After New Price Target of $13.00

Denny’s Corporation [NASDAQ: DENN] plunged by -$0.06 during the normal trading session on Tuesday and reaching a high of $10.4375 during the day while it closed the day at $10.11. The company report on October 6, 2020 that Denny’s Corporation Announces Timing of Third Quarter Results and Conference Call on October 27, 2020.

Denny’s Corporation (NASDAQ: DENN), franchisor and operator of one of America’s largest franchised full-service restaurant chains, will announce financial and operating results for its third quarter ended September 23, 2020 on Tuesday, October 27, 2020 after the markets close. Senior management will hold a conference call on the same day at 4:30 p.m. Eastern Time to discuss these results and answer questions.

Interested parties are invited to listen to a live broadcast of the conference call accessible through the Investor Relations section of the Denny’s website at investor.dennys.com. A replay of the call may be accessed at the same location later in the day and will remain available for 30 days.

Denny’s Corporation stock has also loss -2.13% of its value over the past 7 days. However, DENN stock has inclined by 14.37% in the 3 months of the year. Over the past six months meanwhile, it has gained 7.10% and lost -49.14% year-on date.

The market cap for DENN stock reached $665.34 million, with 63.71 million shares outstanding and 61.58 million shares in the current float. Compared to the average trading volume of 1.43M shares, DENN reached a trading volume of 1177795 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Here’s what leading stock market gurus have to say about Denny’s Corporation [DENN]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for DENN shares is $13.00 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on DENN stock is a recommendation set at 2.10. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Stephens have made an estimate for Denny’s Corporation shares, keeping their opinion on the stock as Equal-Weight, with their previous recommendation back on July 13, 2020. While these analysts kept the previous recommendation, SunTrust raised their target price from $12 to $15. The new note on the price target was released on June 17, 2020, representing the official price target for Denny’s Corporation stock. Previously, the target price had yet another drop from $21 to $11, while SunTrust kept a Buy rating on DENN stock.

The Average True Range (ATR) for Denny’s Corporation is set at 0.45, with the Price to Sales ratio for DENN stock in the period of the last 12 months amounting to 1.77.

DENN stock trade performance evaluation

Denny’s Corporation [DENN] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -2.13. With this latest performance, DENN shares gained by 3.91% in over the last four-week period, additionally plugging by 7.10% over the last 6 months – not to mention a drop of -54.00% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for DENN stock in for the last two-week period is set at 45.64, with the RSI for the last a single of trading hit 43.50, and the three-weeks RSI is set at 46.86 for Denny’s Corporation [DENN]. The present Moving Average for the last 50 days of trading for this stock 10.66, while it was recorded at 10.23 for the last single week of trading, and 12.11 for the last 200 days.

Denny’s Corporation [DENN]: An insightful look at the core fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Denny’s Corporation [DENN] shares currently have an operating margin of +13.63 and a Gross Margin at +26.38. Denny’s Corporation’s Net Margin is presently recorded at +21.69.

Return on Total Capital for DENN is now 31.32, given the latest momentum, and Return on Invested Capital for the company is 52.21. Additionally, DENN Total Debt to Total Capital is recorded at 148.03, with Total Debt to Total Assets ending up at 81.26.

Reflecting on the efficiency of the workforce at the company, Denny’s Corporation [DENN] managed to generate an average of $29,353 per employee. Receivables Turnover for the company is 20.14 with a Total Asset Turnover recorded at a value of 1.26.Denny’s Corporation’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.80 and a Current Ratio set at 0.80.

Earnings per share (EPS) analysis for Denny’s Corporation [DENN] stock

With the latest financial reports released by the company, Denny’s Corporation posted 0.18/share EPS, while the average EPS was predicted by analysts to be reported at 0.16/share. When compared, the two values demonstrate that the company surpassed the estimates by a Surprise Factor of 12.50%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for DENN. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Denny’s Corporation go to 9.00%.

Denny’s Corporation [DENN]: Insider Ownership positions

There are presently around $455 million, or 74.70% of DENN stock, in the hands of institutional investors. The top three institutional holders of DENN stocks are: WELLS FARGO & COMPANY/MN with ownership of 5,920,447, which is approximately 3.701% of the company’s market cap and around 1.50% of the total institutional ownership; PRICE T ROWE ASSOCIATES INC /MD/, holding 5,658,881 shares of the stock with an approximate value of $57.21 million in DENN stocks shares; and BLACKROCK INC., currently with $43.41 million in DENN stock with ownership of nearly -0.414% of the company’s market capitalization.

Positions in Denny’s Corporation stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 68 institutional holders increased their position in Denny’s Corporation [NASDAQ:DENN] by around 4,872,514 shares. Additionally, 98 investors decreased positions by around 8,423,612 shares, while 26 investors held positions by with 31,664,435 shares. The mentioned changes placed institutional holdings at 44,960,561 shares, according to the latest SEC report filing. DENN stock had 25 new institutional investments in for a total of 1,216,741 shares, while 41 institutional investors sold positions of 3,501,288 shares during the same period.

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