Denny’s Corporation (NASDAQ:DENN) traded at $11.45 at last check on Tuesday, Sep 15, making an upward move of 0.88% on its previous day’s price.
Looking at the stock we see that its previous close was $11.35 and the beta (5Y monthly) reads 1.43 with the day’s price range being $11.09 – 11.54. The company has a 12-month trailing PE ratio of 13.41. In terms of its 52-week price range, DENN has a high of $23.48 and a low of $4.5. The company’s stock has gained about 6.91% over that past 30 days.
Analysts tracking the company’s growth have also given it a consensus growth in revenue estimated at $71.95 Million, with a low of $64Million and a high of $100Million. The median projection represents growth adding up to -42.1% compared to sales earnings for the corresponding quarter a year ago. According to analyst consensus estimates figures, the company’s yearly revenue forecasts for 2020 are expected to hit $305.27 Million, or -43.6% down from figures reported last year.
On the other hand, looking at the outlook for the DENN stock, short term indicators assign the stock an average of 50% Buy, while medium term indicators assign it an average of 50% Sell. Long term indicators on average place the stock in the category of Hold.
Let’s briefly compare Denny’s (DENN) stock to its peers. We find that today’s price change of +0.88% and -49.04% over the past 12 months for DENN competes that of McDonald’s Corp (MCD), which has seen its stock price rise 0.82% in the latest trading session and is +7.22% over the last one year. Another of its peers Starbucks Corp (SBUX) has climbed 1.25% today, but is -1.91% down over the past year, while Chipotle Mexican Grill (CMG) is also up 0.88% yet its price remains in the red at -49.04% over the same period. McDonald’s has a P/E ratio of 35.26 compared to Denny’s 13.41 and Starbucks 79.23. In contrast to these companies, both the S&P 500 Index and the Dow Jones Industrial are today at 0.52% and 0.01%, respectively, in early deals.
Coming back to Denny’s Corporation (NASDAQ:DENN), we note that the average 3-month trading volume was 1.78 Million, while that of the preceding 10-day period stands at 1.21 Million. Current shares outstanding are 63.71 Million.
According to data from Thomson Reuters, insiders hold 3.37% of the company’s shares while institutions hold 95.62%. The data shows that short shares as of August 30, 2020, stood at 2.46 Million at a short ratio of 1.54. This represents a 3.86% Short interest in Shares outstanding on August 30, 2020. Shares short dropped in August from the previous month at 3Million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -42.4% down in year-to-date price movement.