Jumana Capital Investments Llc Buys 11,750 Shares of Denny’s (NASDAQ:DENN) Stock

Denny’s Corporation (NASDAQ:DENN) insider Jumana Capital Investments Llc purchased 11,750 shares of the stock in a transaction that occurred on Friday, October 17th. The shares were acquired at an average cost of $4.99 per share, for a total transaction of $58,632.50. Following the completion of the transaction, the insider owned 3,633,313 shares of the company’s stock, valued at $18,130,231.87. This trade represents a 0.32% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Jumana Capital Investments Llc also recently made the following trade(s):

• On Tuesday, October 21st, Jumana Capital Investments Llc bought 9,347 shares of Denny’s stock. The shares were acquired at an average price of $5.14 per share, for a total transaction of $48,043.58.
• On Monday, October 20th, Jumana Capital Investments Llc purchased 162,210 shares of Denny’s stock. The stock was acquired at an average price of $5.05 per share, with a total value of $819,160.50.

Denny’s Trading Up 3.0%

Shares of DENN stock opened at $5.15 on Thursday. The stock has a market cap of $265.23 million, a P/E ratio of 16.61 and a beta of 1.63. Denny’s Corporation has a 1 year low of $2.85 and a 1 year high of $7.73. The stock has a 50 day simple moving average of $4.88 and a 200 day simple moving average of $4.23.

Denny’s (NASDAQ:DENN) last released its earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Denny’s had a net margin of 3.53% and a negative return on equity of 59.51%. The company had revenue of $117.66 million for the quarter, compared to the consensus estimate of $118.14 million. During the same quarter in the previous year, the company posted $0.13 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. Analysts forecast that Denny’s Corporation will post 0.5 EPS for the current year.

Institutional Trading of Denny’s

A number of hedge funds and other institutional investors have recently modified their holdings of DENN. Boston Partners lifted its stake in shares of Denny’s by 56.7% in the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after acquiring an additional 1,430,102 shares during the last quarter. First Eagle Investment Management LLC raised its position in Denny’s by 6.0% in the second quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock valued at $7,992,000 after purchasing an additional 110,722 shares during the last quarter. Hotchkis & Wiley Capital Management LLC raised its position in Denny’s by 5.1% in the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator’s stock valued at $6,129,000 after purchasing an additional 81,550 shares during the last quarter. Earnest Partners LLC boosted its stake in shares of Denny’s by 16.2% during the first quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator’s stock valued at $5,729,000 after purchasing an additional 218,019 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in shares of Denny’s by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock worth $5,090,000 after purchasing an additional 13,816 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

DENN has been the subject of several analyst reports. Weiss Ratings restated a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday, October 8th. Piper Sandler set a $4.00 price objective on shares of Denny’s and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Benchmark cut their target price on Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $6.46.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.