Denny’s Corp. (DENN) Director Debra Smithart-Oglesby Sells 99,000 Shares
Denny’s Corp. (NASDAQ:DENN) Director Debra Smithart-Oglesby sold 99,000 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $11.90, for a total value of $1,178,100.00. Following the sale, the director now owns 86,950 shares of the company’s stock, valued at approximately $1,034,705. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
Debra Smithart-Oglesby also recently made the following trade(s):
- On Thursday, November 3rd, Debra Smithart-Oglesby sold 2,281 shares of Denny’s Corp. stock. The shares were sold at an average price of $11.50, for a total value of $26,231.50.
Denny’s Corp. (NASDAQ:DENN) opened at 12.24 on Tuesday. The company has a 50-day moving average price of $10.65 and a 200-day moving average price of $10.78. The stock has a market cap of $898.00 million, a price-to-earnings ratio of 60.90 and a beta of 0.47. Denny’s Corp. has a 52 week low of $8.71 and a 52 week high of $12.54.
Denny’s Corp. (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, November 1st. The company reported $0.13 earnings per share for the quarter, meeting the Zacks’ 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 company had revenue of $128.39 million for the quarter, compared to analysts’ expectations of $127.97 million. During the same period last year, the firm earned $0.11 earnings per share. Denny’s Corp.’s quarterly revenue was up 3.7% on a year-over-year basis. Equities research analysts anticipate that Denny’s Corp. will post $0.51 EPS for the current year.
Several analysts have recently commented on DENN shares. Wedbush reiterated an “outperform” rating and set a $14.00 price objective on shares of Denny’s Corp. in a report on Saturday, October 15th. Zacks Investment Research lowered Denny’s Corp. from a “buy” rating to a “hold” rating in a research note on Tuesday, October 4th.
Hedge funds have recently bought and sold shares of the stock. Panagora Asset Management Inc. boosted its stake in Denny’s Corp. by 0.3% in the third quarter. Panagora Asset Management Inc. now owns 743,056 shares of the company’s stock worth $7,943,000 after buying an additional 1,973 shares in the last quarter. Gotham Asset Management LLC purchased a new position in shares of Denny’s Corp. during the third quarter valued at about $617,000. The Manufacturers Life Insurance Company purchased a new position in shares of Denny’s Corp. during the third quarter valued at about $555,000. SECOR Capital Advisors LP raised its position in shares of Denny’s Corp. by 243.4% in the third quarter. SECOR Capital Advisors LP now owns 102,962 shares of the company’s stock valued at $1,101,000 after buying an additional 72,981 shares during the last quarter. Finally, Principal Financial Group Inc. raised its position in shares of Denny’s Corp. by 4.8% in the third quarter. Principal Financial Group Inc. now owns 22,637 shares of the company’s stock valued at $242,000 after buying an additional 1,041 shares during the last quarter. Institutional investors own 92.22% of the company’s stock.
Denny’s Corp. Company Profile
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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