Denny’s Corp (NASDAQ:DENN) EVP F Mark Wolfinger sold 7,500 shares of the company’s stock in a transaction on Monday, November 5th. The shares were sold at an average price of $16.65, for a total value of $124,875.00. Following the completion of the sale, the executive vice president now owns 723,394 shares in the company, valued at $12,044,510.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of DENN stock traded down $0.20 during trading hours on Wednesday, hitting $16.73. 217,200 shares of the company’s stock were exchanged, compared to its average volume of 297,316. The stock has a market capitalization of $1.05 billion, a PE ratio of 28.84 and a beta of 0.14. Denny’s Corp has a 52 week low of $12.09 and a 52 week high of $18.16.
Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, October 30th. The restaurant operator reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). The business had revenue of $158.00 million for the quarter, compared to the consensus estimate of $159.28 million. Denny’s had a negative return on equity of 40.31% and a net margin of 7.48%. Denny’s’s revenue for the quarter was up 19.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.14 EPS. Equities research analysts forecast that Denny’s Corp will post 0.68 earnings per share for the current year.
A number of analysts have weighed in on DENN shares. BidaskClub cut Denny’s from a “buy” rating to a “hold” rating in a research report on Saturday, September 15th. Zacks Investment Research cut Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, August 2nd. Stephens cut Denny’s from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $18.00 to $16.50 in a research report on Wednesday, September 12th. ValuEngine cut Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Finally, Wedbush lowered their price target on Denny’s from $18.50 to $17.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $17.33.
Hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Denny’s by 4.6% during the second quarter. BlackRock Inc. now owns 4,575,232 shares of the restaurant operator’s stock worth $72,883,000 after purchasing an additional 201,003 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in shares of Denny’s by 2.6% during the second quarter. Schwab Charles Investment Management Inc. now owns 337,482 shares of the restaurant operator’s stock worth $5,377,000 after purchasing an additional 8,598 shares during the last quarter. Citadel Advisors LLC grew its holdings in shares of Denny’s by 511.8% during the second quarter. Citadel Advisors LLC now owns 231,853 shares of the restaurant operator’s stock worth $3,693,000 after purchasing an additional 193,954 shares during the last quarter. Mesirow Financial Investment Management Inc. grew its holdings in shares of Denny’s by 41.3% during the third quarter. Mesirow Financial Investment Management Inc. now owns 21,709 shares of the restaurant operator’s stock worth $320,000 after purchasing an additional 6,341 shares during the last quarter. Finally, Principal Financial Group Inc. bought a new stake in shares of Denny’s during the first quarter worth $177,000. Institutional investors own 89.89% of the company’s stock.
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Denny’s Company Profile
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.
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