Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 7,500 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was sold at an average price of $22.86, for a total value of $171,450.00. Following the transaction, the chief financial officer now owns 783,480 shares in the company, valued at approximately $17,910,352.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

F Mark Wolfinger also recently made the following trade(s):

  • On Monday, September 9th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The stock was sold at an average price of $23.25, for a total value of $348,750.00.
  • On Friday, September 6th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The stock was sold at an average price of $23.52, for a total value of $352,800.00.
  • On Tuesday, September 3rd, F Mark Wolfinger sold 6,989 shares of Denny’s stock. The stock was sold at an average price of $23.61, for a total value of $165,010.29.
  • On Friday, August 30th, F Mark Wolfinger sold 10,000 shares of Denny’s stock. The stock was sold at an average price of $23.57, for a total value of $235,700.00.

Shares of NASDAQ DENN traded down $0.15 during midday trading on Friday, reaching $22.64. 169,226 shares of the company’s stock were exchanged, compared to its average volume of 419,145. Denny’s Corp has a 52-week low of $13.32 and a 52-week high of $23.88. The stock has a market capitalization of $1.35 billion, a PE ratio of 33.29 and a beta of 0.17. The business’s fifty day moving average price is $22.82 and its two-hundred day moving average price is $20.14.

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

Hedge funds and other institutional investors have recently made changes to their positions in the company. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Denny’s during the second quarter worth about $50,000. NumerixS Investment Technologies Inc acquired a new stake in Denny’s during the 2nd quarter valued at $51,000. Advisory Services Network LLC raised its stake in Denny’s by 1,032.3% during the 2nd quarter. Advisory Services Network LLC now owns 3,510 shares of the restaurant operator’s stock valued at $72,000 after purchasing an additional 3,200 shares during the period. Bank of Montreal Can raised its stake in Denny’s by 2,529.0% during the 2nd quarter. Bank of Montreal Can now owns 5,074 shares of the restaurant operator’s stock valued at $104,000 after purchasing an additional 4,881 shares during the period. Finally, Quantamental Technologies LLC acquired a new stake in Denny’s during the 2nd quarter valued at $129,000. 90.27% of the stock is currently owned by institutional investors and hedge funds.

A number of research analysts have commented on DENN shares. Wedbush set a $25.00 price objective on Denny’s and gave the stock a “buy” rating in a research note on Friday, August 16th. BidaskClub cut Denny’s from a “buy” rating to a “hold” rating in a research note on Friday. Zacks Investment Research cut Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Finally, Maxim Group set a $21.00 price objective on Denny’s and gave the stock a “hold” rating in a research note on Wednesday, July 31st. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $21.00.

About Denny’s

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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