Shares of the company are trading at $13.01 which is just a bit higher than the 50 day moving average which is $12.41 and slightly over the 200 day moving average of $12.02. The 50 day moving average was up by +4.84% and the 200 day average went up by +8.21%. 535K shares changed hands by the end of trading on Tuesday. Volume was up 55.67% over the stocks average daily volume.
Short traders are feeling a little more bullish on the company looking at the fall in short interest. The stock realized a fall in short interest of -12.72% as of the latest report on September 29, 2017. Short interest fell from 2,868,914 to 2,503,912 over that period. Days to cover increased from 8.0 to 9.0 and the short interest percentage is 0.04% as of September 29.
There has been some selling insider activity on Denny’s Corporation (NASDAQ:DENN) recently. Stephen C. Dunn, Sr. VP, Chief Global Dev. Ofc. reported the sale of 5,111 shares of DENN stock. The shares were sold on September 13th for an average price of $11.89. Dunn now owns $1,107,898 of the stock according to the SEC filing.
The following firms have recently changed their position in DENN. As of the end of the quarter Chartwell Investment Partners, LLC had sold 58,475 shares trimming its holdings by 4.2%. The value of the company’s investment in Denny’s Corporation went from $17,087,000 to $15,570,000 a change of 8.9% quarter over quarter. As of quarter end North Star Investment Management Corp. had disposed of a total of 5,000 shares trimming its position 2.3%. The value of the total investment in Denny’s Corporation increased from $2,528,000 to $2,612,000 a change of $84,000 since the last quarter.
As of the end of the quarter Gw&k Investment Management, LLC had bought a total of 390 shares growing its stake by 2.5%. The value in dollars increased from $182,000 to $197,000 increasing 8.2% for the reporting period. As of the end of the quarter Skylands Capital, LLC had disposed of 67,037 shares trimming its position 34.9%. The value of the investment in Denny’s Corporation decreased from $2,260,000 to $1,556,000 a change of 31.2% quarter to quarter.
Denny’s Corporation currently has a P/E ratio of 25.51 and the market cap of the company is 873.95M. As of the last earnings report the EPS was $0.51 and is expected to be $0.56 for the current year with 67,175,000 shares presently outstanding. Next quarter’s EPS is estimated at $0.15 and the next full year EPS is anticipated to be $0.62.
Denny’s Corporation (Denny’s), launched on September 29, 1988, operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc., owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations. As of December 28, 2016, 1,564 of its restaurants were franchised or licensed and 169 were Company-operated. In addition to its breakfast-all-day items, Denny’s offers a selection of lunch and dinner items, including burgers, sandwiches, salads and skillet entrees, along with an assortment of beverages, appetizers and desserts. The Business’s Fit Fare menu helps its guests identify items suited to their dietary needs. Most Denny’s restaurants offer special items for children and seniors..