Denny’s Corp (NASDAQ:DENN) Director Brenda J. Lauderback sold 9,968 shares of the stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $19.23, for a total value of $191,684.64. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of DENN stock traded up $0.01 during trading hours on Friday, reaching $19.55. The company’s stock had a trading volume of 8,708 shares, compared to its average volume of 381,424. The company has a market cap of $1.17 billion, a PE ratio of 28.76 and a beta of 0.17. Denny’s Corp has a fifty-two week low of $13.32 and a fifty-two week high of $20.41.
Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The company had revenue of $151.41 million for the quarter, compared to the consensus estimate of $149.01 million. During the same quarter last year, the business posted $0.15 EPS. Denny’s’s revenue for the quarter was down 2.5% on a year-over-year basis. Analysts expect that Denny’s Corp will post 0.61 EPS for the current fiscal year.
A number of equities analysts have commented on the company. Zacks Investment Research upgraded Denny’s from a “hold” rating to a “buy” rating and set a $21.00 price objective on the stock in a research note on Friday, May 3rd. Maxim Group restated a “buy” rating on shares of Denny’s in a research note on Wednesday, May 1st. Finally, BidaskClub upgraded Denny’s from a “sell” rating to a “hold” rating in a research note on Friday, April 26th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $19.75.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlueMountain Capital Management LLC acquired a new stake in shares of Denny’s during the 1st quarter valued at $134,000. SG Americas Securities LLC acquired a new position in Denny’s during the 1st quarter worth about $144,000. Sawgrass Asset Management LLC acquired a new position in Denny’s during the 4th quarter worth about $172,000. Legal & General Group Plc lifted its holdings in Denny’s by 13.1% during the 4th quarter. Legal & General Group Plc now owns 11,033 shares of the restaurant operator’s stock worth $179,000 after buying an additional 1,280 shares during the period. Finally, Great West Life Assurance Co. Can lifted its holdings in Denny’s by 45.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 10,029 shares of the restaurant operator’s stock worth $183,000 after buying an additional 3,129 shares during the period. 93.17% of the stock is currently owned by institutional investors.
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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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