Timothy E. Flemming Sells 15,300 Shares of Denny’s Corp. (DENN) Stock
Denny’s Corp. (NASDAQ:DENN) VP Timothy E. Flemming sold 15,300 shares of the stock in a transaction on Wednesday, November 9th. The shares were sold at an average price of $11.43, for a total value of $174,879.00. Following the sale, the vice president now owns 123,501 shares of the company’s stock, valued at approximately $1,411,616.43. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.
Shares of Denny’s Corp. (NASDAQ:DENN) opened at 12.42 on Monday. The stock has a 50 day moving average price of $10.61 and a 200-day moving average price of $10.75. Denny’s Corp. has a 12-month low of $8.71 and a 12-month high of $12.44. The stock has a market cap of $911.21 million, a price-to-earnings ratio of 61.79 and a beta of 0.47.
Denny’s Corp. (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, November 1st. The company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. The company earned $128.39 million during the quarter, compared to analyst estimates of $127.97 million. Denny’s Corp. had a net margin of 3.37% and a negative return on equity of 68.96%. The company’s revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.11 earnings per share. Equities analysts anticipate that Denny’s Corp. will post $0.51 EPS for the current fiscal year.
A number of equities research analysts have recently commented on the company. Zacks Investment Research upgraded Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, August 5th. Wedbush reiterated an “outperform” rating and set a $14.00 price objective on shares of Denny’s Corp. in a research report on Saturday, October 15th.
Several hedge funds have recently bought and sold shares of the company. Royal Bank of Canada raised its stake in 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 last quarter. Victory Capital Management Inc. raised its stake in 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 last quarter. Paradigm Asset Management Co. LLC purchased a new stake in Denny’s Corp. during the second quarter valued at $101,000. Trexquant Investment LP bought a new stake in shares of Denny’s Corp. during the second quarter worth $110,000. Finally, Airain ltd bought a new stake in shares of Denny’s Corp. during the second quarter worth $111,000. 92.22% of the stock is owned by institutional investors.
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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