Denny’s Corp (NASDAQ:DENN) EVP F Mark Wolfinger sold 7,500 shares of the firm’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 transaction, the executive vice president now directly owns 723,394 shares in the company, valued at $12,044,510.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.
NASDAQ:DENN opened at $16.29 on Friday. The stock has a market cap of $1.05 billion, a P/E ratio of 28.09 and a beta of 0.14. Denny’s Corp has a 52-week low of $12.20 and a 52-week high of $18.16.
Denny’s (NASDAQ:DENN) last released its earnings results on Tuesday, October 30th. The restaurant operator reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). The firm had revenue of $158.00 million for the quarter, compared to analyst estimates 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 was up 19.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. Analysts anticipate that Denny’s Corp will post 0.68 EPS for the current year.
DENN has been the topic of a number of research analyst reports. Stephens raised Denny’s from an “equal” rating to a “weight” rating and raised their price target for the company from $16.50 to $17.00 in a report on Wednesday, October 31st. BidaskClub raised Denny’s from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. ValuEngine raised Denny’s from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. 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 report on Tuesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $17.33.
A number of large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in 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 acquiring an additional 201,003 shares during the period. Wells Fargo & Company MN grew its holdings in Denny’s by 6.7% during the third quarter. Wells Fargo & Company MN now owns 4,395,364 shares of the restaurant operator’s stock worth $64,699,000 after acquiring an additional 275,159 shares during the period. FMR LLC grew its holdings in Denny’s by 10.3% during the second quarter. FMR LLC now owns 1,221,590 shares of the restaurant operator’s stock worth $19,460,000 after acquiring an additional 114,500 shares during the period. Acadian Asset Management LLC grew its holdings in Denny’s by 40.9% during the third quarter. Acadian Asset Management LLC now owns 402,019 shares of the restaurant operator’s stock worth $5,917,000 after acquiring an additional 116,674 shares during the period. Finally, Castleark Management LLC grew its holdings in Denny’s by 13.3% during the second quarter. Castleark Management LLC now owns 364,210 shares of the restaurant operator’s stock worth $5,802,000 after acquiring an additional 42,653 shares during the period. 89.89% of the stock is currently owned by hedge funds and other institutional investors.
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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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