U.S. Markets close in 2 hrs 30 mins

Denny's (DENN) Crumbles: Stock Falls by 6.9%

Zacks Equity Research

Denny's Corporation (DENN) saw a big move last session, as the company’s shares fell nearly 7% on the day. The move came on pretty good volume too with far more shares changing hands than in a normal session. This stock, trading at a volatile range of $6.30–$6.80 in the past one-month time frame, showed a sharp decline yesterday at $6.33.

This slump shouldn’t be too much of a surprise to investors, as the company has seen 4 negative revisions in the past few weeks and its current year earnings consensus has moved lower over the last 30 days. This suggests there may be more trouble down the road. So make sure to keep an eye on this stock going forward to see if this recent slump will continue, as the earnings picture definitely suggests that this might be the case.

DENN currently has a Zacks Rank #3 (Hold) while its Earnings ESP is zero.

Some better-ranked stocks in the services sector include Brinker International, Inc. (EAT), Buffalo Wild Wings Inc. (BWLD) and Burger King Worldwide, Inc. (BKW). All these stocks carry a Zacks Rank #2 (Buy).

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>

DENNY'S CP (DENN): Free Stock Analysis Report

(EAT): Free Stock Analysis Report

BUFFALO WILD WINGS INC (BWLD): Free Stock Analysis Report

BURGER KING WORLDWIDE INC (BKW): Free Stock Analysis Report

Zacks Investment Research