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Tuesday, September 29, 2020

Denny’s Corporation (NASDAQ:DENN) Recent Earnings Shows Major Concern

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The Denny’s Corporation (DENN) shares are trading at lower $8.84 and the avg recommendation for the stock is Strong Buy. while the current analyst price target stands at $13.43.

To add more color to this target, the company’s high over the last year is $23.88 and the low is $4.50. Over the last 52 weeks, DENN is down -62.98% while the S&P 500 is down -0.33%. The catalyst for this interesting swing was the company’s recent earnings report.

A Notable Earnings Report

In the last quarter, DENN reported a profit of $37.13 million. Denny’s Corporation also saw revenues increase to $96.69 million. In addition, DENN has free cash flow of -$0.92 million as of 03-2020. The company’s EBITDA came in at $22.34 million which compares well with its peers.

DENN booked profit margins of 22.80%, its Return on Equity (ROE) is -74.00%, and its Return on Assets is 24.30%. All told, it is clear that, DENN needs to be on your watchlist.

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Of course, we must look beyond the financials and question how well those numbers represent the sustainable earnings power of the business. Investors need to know how sustainable this current run. DENN has a short ratio of 1.42 and outstanding shares of 56.30M.

Company Outlook

DENN has seen increased volume after this news and investors are putting their support behind the value proposition. Furthermore, 10-day volume stands at 2.37 million and more growth is possible in the weeks ahead. Traders will also note the company’s earnings per share came in at 1.82. Denny’s Corporation DENN also noted assets of $484.13 million at the end of the last quarter. Investors should also keep an eye on sector updates as DENN has historically followed its peers on positive news.

All told, Denny’s Corporation DENN has strung together solid data and demonstrated underlying fundamentals. At its current valuation, DENN represents an interesting risk/reward case. Traders should stay tuned to see if this recent report will push the stock to test recent resistance levels.

Denny’s Corporation DENN is now commanding a market cap of 542.25M and a float of 53.84M. DENN is increasing its credibility in this sector and that could lead to more upside down the line. Sign-up for continuing coverage on shares of DENN stock, as well as other hot stock picks, get our free newsletter today and get our next breakout pick!

Disclosure: we hold no position in DENN, either long or short, and we have not been compensated for this article.

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