Denny’s Corp (NASDAQ:DENN) SVP Robert P. Verostek Sells 4,500 Shares
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.
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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