Insider Selling: Denny’s Corp. (DENN) Director Sells $26,231.50 in Stock
Denny’s Corp. (NASDAQ:DENN) Director Debra Smithart-Oglesby sold 2,281 shares of the stock in a transaction on Thursday, November 3rd. The stock was sold at an average price of $11.50, for a total value of $26,231.50. Following the completion of the sale, the director now owns 119,950 shares in the company, valued at approximately $1,379,425. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Denny’s Corp. (NASDAQ:DENN) opened at 11.47 on Thursday. The firm has a 50-day moving average price of $10.53 and a 200 day moving average price of $10.73. The stock has a market cap of $841.51 million, a price-to-earnings ratio of 57.06 and a beta of 0.47. Denny’s Corp. has a 1-year low of $8.71 and a 1-year high of $11.89.
Denny’s Corp. (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, November 1st. The company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Denny’s Corp. had a negative return on equity of 68.96% and a net margin of 3.37%. The business had revenue of $128.39 million for the quarter, compared to analyst estimates of $127.97 million. During the same quarter in the prior year, the company posted $0.11 EPS. The company’s quarterly revenue was up 3.7% on a year-over-year basis. On average, equities research analysts anticipate that Denny’s Corp. will post $0.51 EPS for the current fiscal year.
Institutional investors have recently made changes to their positions in the stock. Royal Bank of Canada raised its position in shares of Denny’s Corp. by 8.6% in the second quarter. Royal Bank of Canada now owns 9,341 shares of the company’s stock valued at $100,000 after buying an additional 737 shares during the period. Victory Capital Management Inc. raised its position in shares of Denny’s Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 9,425 shares of the company’s stock valued at $101,000 after buying an additional 4,107 shares during the period. Paradigm Asset Management Co. LLC acquired a new position in shares of Denny’s Corp. during the second quarter valued at approximately $101,000. Trexquant Investment LP acquired a new position in shares of Denny’s Corp. during the second quarter valued at approximately $110,000. Finally, Airain ltd acquired a new position in shares of Denny’s Corp. during the second quarter valued at approximately $111,000. 91.34% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages have recently commented on DENN. Zacks Investment Research lowered Denny’s Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th. Wedbush restated an “outperform” rating and set a $14.00 price target on shares of Denny’s Corp. in a research note on Saturday, October 15th.
About Denny’s Corp.
Denny’s Corporation (Denny’s) is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and company operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.
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