Stephen C. Dunn Acquires 9,815 Shares of Denny's Co. (NASDAQ:DENN) Stock

Denny's Co. (NASDAQ:DENN - Get Free Report) EVP Stephen C. Dunn bought 9,815 shares of the business's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average cost of $5.08 per share, with a total value of $49,860.20. Following the completion of the purchase, the executive vice president now directly owns 113,666 shares of the company's stock, valued at $577,423.28. This represents a 9.45 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website.

Denny's Stock Down 9.0 %

DENN traded down $0.45 during trading on Monday, reaching $4.53. The company had a trading volume of 1,673,818 shares, compared to its average volume of 714,819. The business has a 50 day simple moving average of $5.91 and a 200-day simple moving average of $6.21. The stock has a market cap of $233.54 million, a P/E ratio of 11.06 and a beta of 2.02. Denny's Co. has a 52 week low of $4.52 and a 52 week high of $9.53.

Denny's (NASDAQ:DENN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny's had a net margin of 4.77% and a negative return on equity of 50.01%. As a group, equities research analysts expect that Denny's Co. will post 0.5 EPS for the current fiscal year.

Remove Ads

Analysts Set New Price Targets

A number of equities analysts recently commented on DENN shares. Wedbush dropped their price target on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Oppenheimer lowered their target price on Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. StockNews.com lowered shares of Denny's from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Piper Sandler decreased their price target on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Finally, Citigroup dropped their price objective on shares of Denny's from $8.00 to $7.00 and set a "buy" rating for the company in a research note on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $7.75.

Institutional Trading of Denny's

Institutional investors have recently added to or reduced their stakes in the company. Quarry LP raised its holdings in shares of Denny's by 178.4% in the fourth quarter. Quarry LP now owns 9,618 shares of the restaurant operator's stock worth $58,000 after buying an additional 6,163 shares during the period. Marshall Wace LLP purchased a new stake in Denny's in the fourth quarter worth $61,000. RPO LLC bought a new stake in shares of Denny's during the fourth quarter worth $63,000. FMR LLC lifted its position in shares of Denny's by 95.2% during the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator's stock worth $79,000 after purchasing an additional 5,970 shares during the last quarter. Finally, Intech Investment Management LLC purchased a new stake in shares of Denny's during the third quarter valued at $83,000. Institutional investors own 85.07% of the company's stock.

About Denny's

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.