Insider Selling: Denny’s Corp (DENN) Director Sells 9,968 Shares of Stock

Denny’s Corp (NASDAQ:DENN) Director Brenda J. Lauderback sold 9,968 shares of the business’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $19.23, for a total value of $191,684.64. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Shares of NASDAQ:DENN opened at $19.55 on Friday. Denny’s Corp has a 1 year low of $13.32 and a 1 year high of $20.41. The stock has a market cap of $1.18 billion, a P/E ratio of 29.62 and a beta of 0.17.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 in the previous year, the business earned $0.15 EPS. Denny’s’s revenue was down 2.5% compared to the same quarter last year. As a group, equities analysts forecast that Denny’s Corp will post 0.61 earnings per share for the current year.

Several hedge funds have recently bought and sold shares of DENN. BlueMountain Capital Management LLC purchased a new position in shares of Denny’s during the 1st quarter worth approximately $134,000. SG Americas Securities LLC purchased a new position in shares of Denny’s during the 1st quarter worth approximately $144,000. Sawgrass Asset Management LLC purchased a new position in shares of Denny’s during the 4th quarter worth approximately $172,000. Legal & General Group Plc grew its holdings in shares of 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 acquiring an additional 1,280 shares during the period. Finally, Great West Life Assurance Co. Can grew its holdings in shares of 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 acquiring an additional 3,129 shares during the period. Hedge funds and other institutional investors own 93.17% of the company’s stock.

A number of brokerages recently issued reports on DENN. Zacks Investment Research upgraded Denny’s from a “hold” rating to a “buy” rating and set a $21.00 price target on the stock in a report on Friday, May 3rd. Maxim Group restated a “buy” rating on shares of Denny’s in a report on Wednesday, May 1st. Finally, BidaskClub upgraded Denny’s from a “sell” rating to a “hold” rating in a report on Friday, April 26th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $19.75.

TRADEMARK VIOLATION NOTICE: This piece of content was posted by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this piece of content on another website, it was illegally copied and republished in violation of international copyright legislation. The correct version of this piece of content can be accessed at https://www.baseballdailydigest.com/news/2019/05/19/insider-selling-dennys-corp-denn-director-sells-9968-shares-of-stock.html.

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.

Featured Story: S&P 500 Index

Insider Buying and Selling by Quarter for Denny`s (NASDAQ:DENN)

Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.