Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 732 shares of the business’s stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of $19.40, for a total value of $14,200.80. Following the completion of the sale, the chief financial officer now owns 776,712 shares in the company, valued at approximately $15,068,212.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.
F Mark Wolfinger also recently made the following trade(s):
- On Monday, May 13th, F Mark Wolfinger sold 7,500 shares of Denny’s stock. The shares were sold at an average price of $19.22, for a total value of $144,150.00.
- On Wednesday, May 8th, F Mark Wolfinger sold 5,000 shares of Denny’s stock. The shares were sold at an average price of $19.38, for a total value of $96,900.00.
- On Friday, March 29th, F Mark Wolfinger sold 7,450 shares of Denny’s stock. The shares were sold at an average price of $18.47, for a total value of $137,601.50.
- On Wednesday, February 20th, F Mark Wolfinger sold 7,500 shares of Denny’s stock. The shares were sold at an average price of $17.88, for a total value of $134,100.00.
NASDAQ DENN traded up $0.02 during trading on Friday, hitting $19.56. The stock had a trading volume of 3,668 shares, compared to its average volume of 381,424. The stock has a market capitalization of $1.17 billion, a price-to-earnings ratio of 28.75 and a beta of 0.17. Denny’s Corp has a 12 month low of $13.32 and a 12 month high of $20.41.
Denny’s (NASDAQ:DENN) last released its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The firm had revenue of $151.41 million for the quarter, compared to analysts’ expectations of $149.01 million. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The business’s quarterly revenue was down 2.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.15 EPS. Sell-side analysts forecast that Denny’s Corp will post 0.61 earnings per share for the current fiscal year.
DENN has been the topic of a number of analyst reports. Maxim Group reiterated a “buy” rating and set a $21.00 price objective on shares of Denny’s in a research note on Wednesday, April 24th. Zacks Investment Research upgraded Denny’s from a “sell” rating to a “hold” rating in a research report on Friday, April 19th. BidaskClub lowered Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Wedbush restated a “buy” rating and issued a $20.00 target price on shares of Denny’s in a research note on Monday, February 11th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Denny’s presently has an average rating of “Buy” and a consensus price target of $19.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlueMountain Capital Management LLC bought a new stake in Denny’s in the 1st quarter valued at approximately $134,000. SG Americas Securities LLC bought a new stake in Denny’s in the 1st quarter valued at approximately $144,000. Great West Life Assurance Co. Can lifted its stake in Denny’s by 45.3% in the 1st quarter. Great West Life Assurance Co. Can now owns 10,029 shares of the restaurant operator’s stock valued at $183,000 after acquiring an additional 3,129 shares in the last quarter. Lombard Odier Asset Management USA Corp bought a new stake in Denny’s in the 1st quarter valued at approximately $191,000. Finally, Sawgrass Asset Management LLC bought a new stake in Denny’s in the 4th quarter valued at approximately $172,000. Hedge funds and other institutional investors own 93.17% of the company’s stock.
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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 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.
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