Denny’s Co. (NASDAQ:DENN) EVP Stephen C. Dunn Purchases 9,815 Shares

Denny’s Co. (NASDAQ:DENN) EVP Stephen C. Dunn acquired 9,815 shares of the firm’s stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.08 per share, with a total value of $49,860.20. Following the transaction, the executive vice president now owns 113,666 shares of the company’s stock, valued at approximately $577,423.28. This trade represents a 9.45 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink.

Denny’s Stock Down 1.6 %

DENN stock opened at $4.97 on Friday. The stock has a market capitalization of $256.51 million, a P/E ratio of 12.12 and a beta of 2.02. The firm has a 50-day simple moving average of $5.91 and a 200-day simple moving average of $6.20. Denny’s Co. has a 52 week low of $4.82 and a 52 week high of $9.52.

Denny’s (NASDAQ:DENN) last released its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a negative return on equity of 50.01% and a net margin of 4.77%. On average, analysts expect that Denny’s Co. will post 0.5 earnings per share for the current year.

Institutional Trading of Denny’s

Large investors have recently bought and sold shares of the business. JPMorgan Chase & Co. grew its stake in Denny’s by 244.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator’s stock valued at $489,000 after acquiring an additional 53,763 shares in the last quarter. Barclays PLC grew its stake in Denny’s by 342.5% during the 3rd quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock valued at $531,000 after acquiring an additional 63,668 shares in the last quarter. Geode Capital Management LLC grew its stake in Denny’s by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock valued at $7,618,000 after acquiring an additional 3,902 shares in the last quarter. Access Investment Management LLC purchased a new stake in Denny’s during the 3rd quarter valued at about $1,387,000. Finally, Intech Investment Management LLC purchased a new stake in Denny’s during the 3rd quarter valued at about $83,000. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Citigroup decreased 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 report on Thursday, February 13th. Piper Sandler decreased their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Tuesday, February 18th. Wedbush decreased their price objective on shares of Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Finally, Oppenheimer decreased their price objective on shares of Denny’s from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $7.75.

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.