Denny’s Corp (NASDAQ:DENN) SVP John William Dillon sold 10,360 shares of the firm’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $19.24, for a total transaction of $199,326.40. Following the completion of the transaction, the senior vice president now directly owns 80,208 shares in the company, valued at $1,543,201.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Denny’s stock traded up $0.23 during trading hours on Wednesday, reaching $19.43. The company’s stock had a trading volume of 488,900 shares, compared to its average volume of 406,361. Denny’s Corp has a one year low of $13.32 and a one year high of $20.41. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 28.57 and a beta of 0.17.
Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $151.41 million during the quarter, compared to the consensus estimate of $149.01 million. Denny’s had a net margin of 7.89% and a negative return on equity of 34.51%. The firm’s revenue for the quarter was down 2.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.15 earnings per share. As a group, sell-side analysts forecast that Denny’s Corp will post 0.61 earnings per share for the current fiscal year.
Several hedge funds have recently made changes to their positions in the company. Victory Capital Management Inc. raised its holdings in shares of Denny’s by 4.1% in the fourth quarter. Victory Capital Management Inc. now owns 32,189 shares of the restaurant operator’s stock valued at $522,000 after purchasing an additional 1,253 shares during the last quarter. Legal & General Group Plc raised its holdings in shares of Denny’s by 13.1% in the fourth quarter. Legal & General Group Plc now owns 11,033 shares of the restaurant operator’s stock valued at $179,000 after purchasing an additional 1,280 shares during the last quarter. Swiss National Bank raised its holdings in shares of Denny’s by 1.8% in the first quarter. Swiss National Bank now owns 114,100 shares of the restaurant operator’s stock valued at $2,094,000 after purchasing an additional 2,000 shares during the last quarter. Cadence Capital Management LLC raised its holdings in shares of Denny’s by 1.8% in the first quarter. Cadence Capital Management LLC now owns 115,627 shares of the restaurant operator’s stock valued at $2,122,000 after purchasing an additional 2,036 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Denny’s by 6.9% in the first quarter. The Manufacturers Life Insurance Company now owns 39,839 shares of the restaurant operator’s stock valued at $731,000 after purchasing an additional 2,578 shares during the last quarter. Institutional investors own 93.17% of the company’s stock.
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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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