Denny's (DENN) Stock Surges Over 5% Amid Strong Earnings and Positive Forecast

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Oct 11, 2024
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Denny's Corporation (DENN, Financial) experienced a significant stock movement with a 5.14% increase in its share price. The stock is currently trading at $6.34, reflecting a trading volume of 279,246 shares and a turnover rate of 0.54% with a price fluctuation of 4.48%.

Recent financial reports reveal that Denny's achieved a revenue of $116 million, with a net profit of $3.57 million. Earnings per share stood at $0.07, and gross profit totaled $31.19 million, resulting in a price-to-earnings ratio of 17.99.

Regarding analyst recommendations, 44% of the nine rating firms suggest a buy, while 56% recommend holding the stock.

Within the broader restaurant industry, the overall gain was 0.90%. Notably, stocks like Reborn Coffee, Inc., and First Watch Restaurant Group, Inc. showed significant increases, while Shake Shack, Inc., Red Robin, and Sweetgreen, Inc. exhibited active trading. Stocks with substantial volatility include Fat Brands Inc., Reborn Coffee, Inc., and Pinstripes Holdings, Inc.

Denny's Corp is recognized as one of the largest franchise-based full-service restaurant chains in the United States, offering a wide range of menu items including pancakes, appetizers, soups, sandwiches, salads, and breakfast options. The company's revenues are primarily derived from food and beverage sales and franchise fees.

Disclosures

I/We may personally own shares in some of the companies mentioned above. However, those positions are not material to either the company or to my/our portfolios.