Denny’s serves up 10% gain on “egg-cellent” earnings

 In Blog

Share this story:

While many chain restaurants aimed at middle America have struggled in recent years, Denny’s is enjoying a quiet rebound as more diners gobble down the South Carolina-based company’s eggs and pancakes. It tops the list of  best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham Index of public companies for the week ended Feb. 17. (Shares trading under $10 are excluded.)

Denny’s (DENN) 9.6%  While many chain restaurants are struggling, the Spartanburg-based diner reported higher comp-store sales than a year earlier. Shares have tripled in the last five years, reaching record levels.

Bank of America (BAC) 6.2%  Hope for higher interest rates is buoying bank stocks. Such is the optimism at giant BofA that CEO Brian Moynihan received a $20 million pay package, including some incentive-based pay. That’s 25% higher than a year earlier. Shares have climbed 50% in the last two years.

Yadkin (YDKN) 5.9%  Shares have jumped 27% since the day after the Raleigh-based bank’s sale to FNB Corp. was announced in July. The reason: banks stocks have soared since last summer, including Pennsylvania-based FNB, which is paying stock for Yadkin.

The weakest performers:

Enpro  (NPO) –6.5%  The Charlotte-based industrial products company said it lost $40 million last year, following a $21 million loss in 2015. Pre-tax earnings in the fourth quarter declined 21% from a year earlier.

Martin Marietta (MLM) -5.5%  Revenues topped expectations at the Raleigh-based aggregates company, while net income was well below estimates. Shares have jumped 60% in the last year on hopes that state and federal spending on infrastructure will soar.

Scana (SCG) -5.2%  South Carolina’s biggest utility slumped the most in a year and a half after Toshiba said it may sell its Westinghouse nuclear unit, which is making a reactor for a new power plant. Shareholders may be on the hook if Westinghouse can’t meet its commitments, analysts said.

Recommended Posts
Contact Us

Questions or feedback? Drop us a message!

Start typing and press Enter to search