Denny’s Corporation (DENN) VP Sells $60,769.79 in Stock

Denny’s Corporation (NASDAQ:DENN) VP Stephen C. Dunn sold 5,111 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the completion of the sale, the vice president now directly owns 93,179 shares in the company, valued at $1,107,898.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Denny’s Corporation (NASDAQ:DENN) traded up 0.77% on Friday, reaching $11.84. 941,366 shares of the company traded hands. The firm has a 50 day moving average price of $11.90 and a 200 day moving average price of $11.97. The stock has a market capitalization of $795.35 million, a price-to-earnings ratio of 23.22 and a beta of 0.58. Denny’s Corporation has a 52-week low of $10.02 and a 52-week high of $14.25.

Denny’s Corporation (NASDAQ:DENN) last released its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). Denny’s Corporation had a net margin of 7.34% and a negative return on equity of 60.77%. The business had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $131.62 million. During the same period last year, the firm earned $0.13 EPS. The company’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that Denny’s Corporation will post $0.56 EPS for the current year.

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Several equities research analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating on shares of Denny’s Corporation in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Finally, BidaskClub cut shares of Denny’s Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.67.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Rice Hall James & Associates LLC grew its stake in shares of Denny’s Corporation by 1.0% in the 2nd quarter. Rice Hall James & Associates LLC now owns 16,066 shares of the restaurant operator’s stock valued at $189,000 after buying an additional 161 shares in the last quarter. 1st Global Advisors Inc. grew its stake in shares of Denny’s Corporation by 1.6% in the 1st quarter. 1st Global Advisors Inc. now owns 17,335 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 271 shares in the last quarter. HighTower Advisors LLC grew its stake in shares of Denny’s Corporation by 5.8% in the 1st quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 666 shares in the last quarter. Aperio Group LLC grew its stake in shares of Denny’s Corporation by 5.1% in the 2nd quarter. Aperio Group LLC now owns 26,741 shares of the restaurant operator’s stock valued at $315,000 after buying an additional 1,298 shares in the last quarter. Finally, US Bancorp DE grew its stake in shares of Denny’s Corporation by 1.9% in the 1st quarter. US Bancorp DE now owns 72,213 shares of the restaurant operator’s stock valued at $893,000 after buying an additional 1,313 shares in the last quarter. 92.45% of the stock is owned by institutional investors and hedge funds.

Denny’s Corporation Company Profile

Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.

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

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