Insider Selling: Denny's Co. (DENN) EVP Sells 20,000 Shares of Stock
Denny's Co. (NASDAQ:DENN) EVP F Mark Wolfinger sold 20,000 shares of Denny's stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $14.91, for a total transaction of $298,200.00. Following the transaction, the executive vice president now owns 725,894 shares of the company’s stock, valued at $10,823,079.54. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
F Mark Wolfinger also recently made the following trade(s):
- On Thursday, December 14th, F Mark Wolfinger sold 15,000 shares of Denny's stock. The shares were sold at an average price of $13.44, for a total transaction of $201,600.00.
- On Thursday, December 7th, F Mark Wolfinger sold 16,006 shares of Denny's stock. The shares were sold at an average price of $13.31, for a total transaction of $213,039.86.
- On Tuesday, December 5th, F Mark Wolfinger sold 9,414 shares of Denny's stock. The shares were sold at an average price of $13.64, for a total transaction of $128,406.96.
- On Tuesday, November 28th, F Mark Wolfinger sold 10,000 shares of Denny's stock. The shares were sold at an average price of $13.07, for a total transaction of $130,700.00.
Shares of Denny's Co. (DENN) traded up $0.10 during midday trading on Friday, reaching $14.98. 176,247 shares of the company were exchanged, compared to its average volume of 350,739. Denny's Co. has a 52 week low of $10.87 and a 52 week high of $15.70. The stock has a market cap of $975.98, a price-to-earnings ratio of 26.55 and a beta of 0.67. The company has a debt-to-equity ratio of -2.95, a quick ratio of 0.36 and a current ratio of 0.40.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. PNC Financial Services Group Inc. raised its holdings in Denny's by 68.3% in the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 4,041 shares during the last quarter. LMR Partners LLP purchased a new position in Denny's in the 3rd quarter worth approximately $127,000. First Republic Investment Management Inc. purchased a new position in Denny's in the 4th quarter worth approximately $153,000. Landscape Capital Management L.L.C. purchased a new position in Denny's in the 4th quarter worth approximately $160,000. Finally, Paloma Partners Management Co purchased a new position in Denny's in the 4th quarter worth approximately $165,000. Institutional investors own 92.45% of the company’s stock.
Several equities analysts have recently issued reports on DENN shares. Wedbush reiterated a “buy” rating and set a $16.00 target price on shares of Denny's in a report on Wednesday, February 14th. BidaskClub upgraded shares of Denny's from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Finally, Zacks Investment Research lowered shares of Denny's from a “hold” rating to a “sell” rating in a report on Tuesday, November 7th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Denny's has an average rating of “Hold” and a consensus price target of $13.33.
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Denny's 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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