F Mark Wolfinger Sells 9,414 Shares of Denny’s Corporation (DENN) Stock

Denny’s Corporation (NASDAQ:DENN) EVP F Mark Wolfinger sold 9,414 shares of the stock in a transaction on Tuesday, December 5th. The shares were sold at an average price of $13.64, for a total value of $128,406.96. Following the sale, the executive vice president now owns 681,197 shares in the company, valued at approximately $9,291,527.08. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

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

  • On Thursday, December 7th, F Mark Wolfinger sold 16,006 shares of Denny’s stock. The shares were sold at an average price of $13.31, for a total value of $213,039.86.
  • On Tuesday, November 28th, F Mark Wolfinger sold 10,000 shares of Denny’s stock. The shares were sold at an average price of $13.07, for a total value of $130,700.00.
  • On Friday, November 17th, F Mark Wolfinger sold 10,000 shares of Denny’s stock. The shares were sold at an average price of $12.57, for a total value of $125,700.00.

Denny’s Corporation (DENN) traded down $0.01 during mid-day trading on Friday, hitting $13.26. The stock had a trading volume of 132,179 shares, compared to its average volume of 297,744. Denny’s Corporation has a 1-year low of $10.87 and a 1-year high of $14.25. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of -2.95. The firm has a market capitalization of $865.65, a PE ratio of 23.28 and a beta of 0.57.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.14. Denny’s had a negative return on equity of 52.30% and a net margin of 7.21%. The business had revenue of $132.38 million for the quarter, compared to analysts’ expectations of $133.58 million. During the same quarter last year, the firm earned $0.13 earnings per share. The business’s revenue was up 3.1% on a year-over-year basis. sell-side analysts forecast that Denny’s Corporation will post 0.55 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. NorthCoast Asset Management LLC acquired a new stake in shares of Denny’s during the second quarter worth $725,000. Cadence Capital Management LLC boosted its holdings in shares of Denny’s by 4.7% during the second quarter. Cadence Capital Management LLC now owns 135,000 shares of the restaurant operator’s stock worth $1,589,000 after purchasing an additional 6,002 shares during the last quarter. Marshall Wace North America L.P. acquired a new stake in shares of Denny’s during the second quarter worth $3,997,000. Aperio Group LLC boosted its holdings in shares of Denny’s by 51.9% during the third quarter. Aperio Group LLC now owns 40,612 shares of the restaurant operator’s stock worth $506,000 after purchasing an additional 13,871 shares during the last quarter. Finally, Lord Abbett & CO. LLC boosted its holdings in shares of Denny’s by 8.0% during the second quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock worth $18,092,000 after purchasing an additional 114,365 shares during the last quarter. Institutional investors and hedge funds own 91.53% of the company’s stock.

A number of equities research analysts have commented on the company. TheStreet upgraded Denny’s from a “c+” rating to a “b-” rating in a report on Monday, October 16th. Zacks Investment Research cut Denny’s from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Finally, BidaskClub cut Denny’s from a “sell” rating to a “strong sell” rating in a report on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. Denny’s presently has an average rating of “Hold” and a consensus target price of $12.67.

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Denny’s 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 (NASDAQ:DENN)

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