In Blog

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.

David Mildenberg
David Mildenberg is editor of Business North Carolina. Reach him at dmildenberg@businessnc.com.
Recommended Posts
Contact Us

Questions or feedback? Drop us a message!

Start typing and press Enter to search