Denny’s Co. (NASDAQ:DENN) Director Sells $82,027.20 in Stock

Denny’s Co. (NASDAQ:DENN) Director Brenda J. Lauderback sold 11,145 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The stock was sold at an average price of $7.36, for a total transaction of $82,027.20. Following the completion of the transaction, the director now directly owns 15,406 shares in the company, valued at approximately $113,388.16. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Denny’s Trading Down 1.3 %

NASDAQ DENN opened at $7.06 on Friday. Denny’s Co. has a 12 month low of $7.03 and a 12 month high of $12.53. The stock has a market cap of $367.26 million, a price-to-earnings ratio of 16.42, a PEG ratio of 1.31 and a beta of 1.94. The company’s 50 day moving average is $8.29 and its two-hundred day moving average is $9.41.

Denny’s (NASDAQ:DENN) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The firm had revenue of $109.97 million for the quarter, compared to the consensus estimate of $115.17 million. Denny’s had a negative return on equity of 63.27% and a net margin of 5.27%. Denny’s’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.13 EPS. Sell-side analysts forecast that Denny’s Co. will post 0.6 EPS for the current year.

Institutional Investors Weigh In On Denny’s

Several institutional investors and hedge funds have recently modified their holdings of DENN. Quadrant Capital Group LLC raised its position in shares of Denny’s by 126.7% during the fourth quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock valued at $49,000 after buying an additional 2,536 shares during the last quarter. Corton Capital Inc. bought a new stake in shares of Denny’s during the third quarter valued at approximately $89,000. Quest Partners LLC bought a new stake in shares of Denny’s during the fourth quarter valued at approximately $96,000. Jump Financial LLC bought a new stake in shares of Denny’s during the third quarter valued at approximately $122,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Denny’s by 45.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,403 shares of the restaurant operator’s stock valued at $130,000 after buying an additional 4,843 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

DENN has been the topic of a number of research reports. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Benchmark reissued a “buy” rating and issued a $15.00 price objective on shares of Denny’s in a report on Wednesday, May 1st. Oppenheimer dropped their price objective on shares of Denny’s from $12.00 to $11.00 and set an “outperform” rating on the stock in a report on Wednesday, May 1st. Truist Financial dropped their price objective on shares of Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Finally, Wedbush dropped their price objective on shares of Denny’s from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $11.42.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.