Denny’s Corp. (DENN) EVP Sells $516,988.00 in Stock
Denny’s Corp. (NASDAQ:DENN) EVP F Mark Wolfinger sold 42,100 shares of Denny’s Corp. stock in a transaction that occurred on Friday, November 11th. The shares were sold at an average price of $12.28, for a total transaction of $516,988.00. Following the completion of the transaction, the executive vice president now directly owns 661,951 shares in the company, valued at approximately $8,128,758.28. 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 12.26 on Thursday. The company has a market cap of $899.47 million, a price-to-earnings ratio of 61.00 and a beta of 0.47. The company’s 50-day moving average is $10.75 and its 200-day moving average is $10.80. Denny’s Corp. has a 12 month low of $8.71 and a 12 month high of $12.54.
Denny’s Corp. (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, November 1st. The company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Denny’s Corp. had a negative return on equity of 68.96% and a net margin of 3.37%. The firm earned $128.39 million during the quarter, compared to the consensus estimate of $127.97 million. During the same quarter in the prior year, the firm posted $0.11 EPS. The business’s 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 earnings per share for the current year.
A number of equities analysts have recently commented on DENN shares. Zacks Investment Research lowered shares of Denny’s Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday, October 4th. Wedbush reissued an “outperform” rating and issued a $14.00 price target on shares of Denny’s Corp. in a research report on Saturday, October 15th.
Large investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP bought a new stake in Denny’s Corp. during the second quarter valued at approximately $1,035,000. GSA Capital Partners LLP increased its stake in Denny’s Corp. by 23.9% in the second quarter. GSA Capital Partners LLP now owns 115,878 shares of the company’s stock valued at $1,243,000 after buying an additional 22,325 shares during the last quarter. Granite Point Capital Management L.P. bought a new stake in Denny’s Corp. during the second quarter valued at approximately $869,000. Emerald Acquisition Ltd. bought a new stake in Denny’s Corp. during the second quarter valued at approximately $2,454,000. Finally, Suntrust Banks Inc. increased its stake in Denny’s Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 13,658 shares of the company’s stock valued at $146,000 after buying an additional 739 shares during the last quarter. 92.22% of the stock is owned by institutional investors.
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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