Denny’s Corporation’s recent filing unveils that its EVP, Chief Financial Officer Verostek Robert P. unloaded Company’s shares for reported $93069.0 on Nov 21. In the deal valued at $12.41 per share,7,500 shares were sold. As a result of this transaction, Verostek Robert P. now holds 30,036 shares worth roughly $ 0.36 million.
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Then, LAUDERBACK BRENDA J sold 5,421 shares, generating $69,551 in total proceeds. Upon selling the shares at $12.83, the Director now owns 0 shares.
Before that, MILLER JOHN C sold 85,000 shares. Denny’s Corporation shares valued at $1,067,192 were divested by the Director at a price of $12.56 per share. As a result of the transaction, MILLER JOHN C now holds 591,721 shares, worth roughly $7.01 million.
Wedbush downgraded its Denny’s Corporation [DENN] rating to a Neutral from a an Outperform in a research note published on Friday, December 21, 2022; the price target was decreased to $10 from $12.50. PT values the company’s stock at a premium of -18.4 to its Friday closing price. A number of analysts have revised their coverage, including CL King’s analysts, who began to cover the stock in late August with a ‘”a Buy”‘ rating. Wedbush also remained covering DENN and has increased its forecast on August 23, 2022 with a “an Outperform” recommendation from previously “Neutral” rating. Wedbush revised its rating on June 24, 2022. It rated DENN as “a Neutral” which previously was an “an Outperform”.
Price Performance Review of DENN
On Friday, Denny’s Corporation [NASDAQ:DENN] saw its stock fall -3.03% to $11.84. On the same session, the stock had its day’s lowest price of $11.81, but rose to a high of $12.14. Over the last five days, the stock has lost -7.06%. Denny’s Corporation shares have risen nearly 28.56% since the year began. Nevertheless, the stocks have fallen -22.00% over the past one year. While a 52-week high of $15.89 was reached on 02/14/23, a 52-week low of $8.46 was recorded on 01/03/23. SMA at 50 days reached $11.30, while 200 days put it at $10.43. A total of 0.55 million shares were traded, compared to the trading of 0.49 million shares in the previous session.
Levels Of Support And Resistance For DENN Stock
The 24-hour chart illustrates a support level at 11.72, which if violated will result in even more drops to 11.60. On the upside, there is a resistance level at 12.05. A further resistance level may holdings at 12.26. The Relative Strength Index (RSI) on the 14-day chart is 46.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.20, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 97.48%. Stochastics %K at 27.51% indicates the stock is a holding.
How much short interest is there in Denny’s Corporation?
A steep rise in short interest was recorded in Denny’s Corporation stocks on Jan 30, 2023, dropping by -0.51 million shares to a total of 1.37 million shares. Yahoo Finance data shows the prior-month short interest on Dec 29, 2022 was 1.88 million shares. There was a decline of -37.23%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 3.33% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.99.
Denny’s Corporation [DENN] – Who Are The Largest Shareholders?
In filings from Allspring Global Investments LLC, it is revealed that the company now owns 7,461,879 shares, or roughly 13.04% of the outstanding DENN shares. In other words, the investor’s shares have risen by 680,320 from its previous 13-F filing of 6781559.0. Additionally, Wellington Management Co. LLP decreased -0.88% of its stake after which the total value it holdings stand at $65,511,440, while BlackRock Fund Advisors reduced -0.59% of its stake to hold $44.64 million in the firm. Over the last quarter, Franklin Mutual Advisers LLC sold -2,039,097 shares of Denny’s Corporation, while The Vanguard Group, Inc. sold 26,722 shares. At present, Managed Account Advisors LLC is holding 2,069,341 shares valued at $24.87 million. Royce & Associates LP owned 1,715,535 shares of the company at the time of its most recent 13F filing, worth $20.62 million.
According to FactSet, Denny’s Corporation’s share price will average $14.21 in the next year, based on opinions of analysts polled by the firm. This is up nearly 14.66 percent from its previous closing price of $12.21. Analysts expect Denny’s Corporation stock to reach the higher price of $17.00, while the lowest price estimate is $13.00. The most recent change occurred on April 12, 2022 when Citigroup began covering the stock and recommended ‘”a Neutral”‘ rating along with a $15 price target.