Denny’s Corporation (DENN) EVP F Mark Wolfinger Sells 10,000 Shares
Denny’s Corporation (NASDAQ:DENN) EVP F Mark Wolfinger sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $12.57, for a total value of $125,700.00. Following the completion of the sale, the executive vice president now owns 677,697 shares in the company, valued at $8,518,651.29. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Denny’s Corporation (DENN) opened at $12.61 on Tuesday. The company has a debt-to-equity ratio of -2.95, a quick ratio of 0.36 and a current ratio of 0.40. The stock has a market capitalization of $818.65, a price-to-earnings ratio of 22.23 and a beta of 0.57. Denny’s Corporation has a one year low of $10.87 and a one year high of $14.25.
Denny’s Corporation (NASDAQ:DENN) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The firm had revenue of $132.38 million during the quarter, compared to analyst estimates of $133.58 million. Denny’s Corporation had a negative return on equity of 52.30% and a net margin of 7.21%. The firm’s quarterly revenue was up 3.1% on a year-over-year basis. During the same period last year, the company posted $0.13 EPS. equities research analysts predict that Denny’s Corporation will post 0.55 earnings per share for the current year.
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Hedge funds and other institutional investors have recently modified their holdings of the business. PNC Financial Services Group Inc. boosted its stake in Denny’s Corporation by 68.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock valued at $116,000 after purchasing an additional 4,041 shares in the last quarter. LMR Partners LLP bought a new position in Denny’s Corporation during the 3rd quarter valued at $127,000. BNP Paribas Arbitrage SA boosted its stake in Denny’s Corporation by 939.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 10,282 shares in the last quarter. HighTower Advisors LLC boosted its stake in Denny’s Corporation by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 666 shares in the last quarter. Finally, KCG Holdings Inc. bought a new position in Denny’s Corporation during the 1st quarter valued at $171,000. 93.59% of the stock is owned by hedge funds and other institutional investors.
Denny’s Corporation 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.
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