Denny’s Corp (NASDAQ:DENN) SVP Robert P. Verostek sold 4,500 shares of the stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $23.57, for a total value of $106,065.00. Following the completion of the transaction, the senior vice president now directly owns 3,500 shares in the company, valued at $82,495. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

Shares of DENN traded down $0.30 during trading hours on Friday, hitting $23.31. The stock had a trading volume of 210,702 shares, compared to its average volume of 379,450. The firm has a market cap of $1.40 billion, a P/E ratio of 34.28 and a beta of 0.17. The company’s fifty day simple moving average is $22.67 and its 200 day simple moving average is $20.01. Denny’s Corp has a 12-month low of $13.32 and a 12-month high of $23.88.

Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, July 30th. The restaurant operator reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $151.90 million for the quarter, compared to analyst estimates of $148.85 million. Denny’s had a negative return on equity of 34.91% and a net margin of 11.60%. The business’s quarterly revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.18 EPS. As a group, sell-side analysts expect that Denny’s Corp will post 0.65 EPS for the current year.

Several institutional investors and hedge funds have recently modified their holdings of DENN. Hancock Whitney Corp grew its stake in Denny’s by 2.3% in the second quarter. Hancock Whitney Corp now owns 46,595 shares of the restaurant operator’s stock worth $957,000 after purchasing an additional 1,045 shares in the last quarter. Susquehanna International Group LLP acquired a new position in Denny’s in the second quarter valued at approximately $1,292,000. Voloridge Investment Management LLC acquired a new position in Denny’s in the second quarter valued at approximately $415,000. Nuveen Asset Management LLC acquired a new position in Denny’s in the second quarter valued at approximately $5,743,000. Finally, UBS Asset Management Americas Inc. boosted its stake in Denny’s by 9.2% in the second quarter. UBS Asset Management Americas Inc. now owns 61,995 shares of the restaurant operator’s stock valued at $1,273,000 after acquiring an additional 5,234 shares during the period. 91.26% of the stock is currently owned by institutional investors and hedge funds.

DENN has been the topic of several research reports. Wedbush set a $25.00 target price on Denny’s and gave the stock a “buy” rating in a research report on Friday, August 16th. Maxim Group set a $21.00 target price on Denny’s and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, August 19th. Finally, BidaskClub raised Denny’s from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Denny’s presently has an average rating of “Buy” and a consensus target price of $21.00.

Denny’s Company Profile

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

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