Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 7,500 shares of the company’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $22.86, for a total value of $171,450.00. Following the transaction, the chief financial officer now directly owns 783,480 shares of the company’s stock, valued at $17,910,352.80. The transaction was disclosed in a filing with the SEC, which is accessible through this link.

F Mark Wolfinger also recently made the following trade(s):

  • On Monday, September 9th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The stock was sold at an average price of $23.25, for a total value of $348,750.00.
  • On Friday, September 6th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The stock was sold at an average price of $23.52, for a total value of $352,800.00.
  • On Tuesday, September 3rd, F Mark Wolfinger sold 6,989 shares of Denny’s stock. The stock was sold at an average price of $23.61, for a total value of $165,010.29.
  • On Friday, August 30th, F Mark Wolfinger sold 10,000 shares of Denny’s stock. The stock was sold at an average price of $23.57, for a total value of $235,700.00.

Shares of NASDAQ:DENN traded down $0.15 on Friday, hitting $22.64. 169,226 shares of the company’s stock were exchanged, compared to its average volume of 419,145. The firm’s 50-day moving average is $22.82 and its 200 day moving average is $20.14. The company has a market capitalization of $1.35 billion, a PE ratio of 33.29 and a beta of 0.17. Denny’s Corp has a 1-year low of $13.32 and a 1-year high of $23.88.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, July 30th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $151.90 million during the quarter, compared to analysts’ expectations of $148.85 million. Denny’s had a negative return on equity of 34.91% and a net margin of 11.60%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.18 EPS. Equities analysts predict that Denny’s Corp will post 0.65 EPS for the current fiscal year.

Several research firms have recently issued reports on DENN. Maxim Group set a $21.00 price objective on Denny’s and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research cut Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Wedbush set a $25.00 price objective on Denny’s and gave the stock a “buy” rating in a research report on Friday, August 16th. Finally, BidaskClub cut Denny’s from a “buy” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Denny’s currently has a consensus rating of “Hold” and an average price target of $21.00.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Hancock Whitney Corp lifted its position in Denny’s by 2.3% during the 2nd quarter. Hancock Whitney Corp now owns 46,595 shares of the restaurant operator’s stock worth $957,000 after acquiring an additional 1,045 shares during the period. Susquehanna International Group LLP purchased a new position in Denny’s during the second quarter worth $1,292,000. Voloridge Investment Management LLC purchased a new position in Denny’s during the second quarter worth $415,000. Nuveen Asset Management LLC purchased a new position in Denny’s during the second quarter worth $5,743,000. Finally, UBS Asset Management Americas Inc. increased its position in Denny’s by 9.2% during the second quarter. UBS Asset Management Americas Inc. now owns 61,995 shares of the restaurant operator’s stock worth $1,273,000 after buying an additional 5,234 shares in the last quarter. 90.27% of the stock is owned by hedge funds and other institutional investors.

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 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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Insider Buying and Selling by Quarter for Denny`s (NASDAQ:DENN)

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