Insider Selling: Denny’s Corp (NASDAQ:DENN) CFO Sells 30,000 Shares of Stock

Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, June 7th. The stock was sold at an average price of $20.71, for a total value of $621,300.00. Following the sale, the chief financial officer now directly owns 783,480 shares in the company, valued at approximately $16,225,870.80. The sale was disclosed in a legal filing with the SEC, which is available through this link.

F Mark Wolfinger also recently made the following trade(s):

  • On Monday, June 10th, F Mark Wolfinger sold 30,000 shares of Denny’s stock. The stock was sold at an average price of $20.66, for a total value of $619,800.00.
  • On Friday, May 24th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The stock was sold at an average price of $19.39, for a total value of $290,850.00.
  • On Friday, May 10th, F Mark Wolfinger sold 732 shares of Denny’s stock. The stock was sold at an average price of $19.40, for a total value of $14,200.80.
  • On Monday, May 13th, F Mark Wolfinger sold 7,500 shares of Denny’s stock. The stock was sold at an average price of $19.22, for a total value of $144,150.00.
  • On Wednesday, May 8th, F Mark Wolfinger sold 5,000 shares of Denny’s stock. The stock was sold at an average price of $19.38, for a total value of $96,900.00.
  • On Friday, March 29th, F Mark Wolfinger sold 7,450 shares of Denny’s stock. The stock was sold at an average price of $18.47, for a total value of $137,601.50.

DENN stock opened at $20.62 on Thursday. Denny’s Corp has a 1 year low of $13.32 and a 1 year high of $20.87. The company has a market capitalization of $1.24 billion, a P/E ratio of 31.24 and a beta of 0.13.

Denny’s (NASDAQ:DENN) last posted its 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 firm had revenue of $151.41 million for the quarter, compared to analyst estimates of $149.01 million. During the same quarter in the prior year, the company earned $0.15 EPS. Denny’s’s revenue was down 2.5% on a year-over-year basis. As a group, equities analysts forecast that Denny’s Corp will post 0.64 earnings per share for the current year.

Several equities research analysts have recently commented on DENN shares. Maxim Group reissued a “buy” rating and set a $21.00 price target on shares of Denny’s in a research note on Wednesday, April 24th. Zacks Investment Research raised Denny’s from a “hold” rating to a “buy” rating and set a $21.00 target price on the stock in a research note on Friday, May 3rd. Wedbush reaffirmed a “buy” rating and issued a $21.00 target price on shares of Denny’s in a research note on Monday, May 20th. Finally, BidaskClub raised Denny’s from a “hold” rating to a “buy” rating in a research note on Wednesday, May 22nd. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of $20.00.

A number of hedge funds have recently bought and sold shares of the stock. Victory Capital Management Inc. lifted its stake in Denny’s by 4.1% in the 4th quarter. Victory Capital Management Inc. now owns 32,189 shares of the restaurant operator’s stock valued at $522,000 after buying an additional 1,253 shares in the last quarter. Legal & General Group Plc raised its holdings in Denny’s by 13.1% in the 4th quarter. Legal & General Group Plc now owns 11,033 shares of the restaurant operator’s stock valued at $179,000 after acquiring an additional 1,280 shares during the last quarter. Swiss National Bank raised its holdings in Denny’s by 1.8% in the 1st quarter. Swiss National Bank now owns 114,100 shares of the restaurant operator’s stock valued at $2,094,000 after acquiring an additional 2,000 shares during the last quarter. Cadence Capital Management LLC raised its holdings in Denny’s by 1.8% in the 1st quarter. Cadence Capital Management LLC now owns 115,627 shares of the restaurant operator’s stock valued at $2,122,000 after acquiring an additional 2,036 shares during the last quarter. Finally, The Manufacturers Life Insurance Company raised its holdings in Denny’s by 6.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 39,839 shares of the restaurant operator’s stock valued at $731,000 after acquiring an additional 2,578 shares during the last quarter. 92.85% of the stock is currently owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Insider Selling: Denny’s Corp (NASDAQ:DENN) CFO Sells 30,000 Shares of Stock” was reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are accessing this story on another website, it was stolen and reposted in violation of U.S. & international copyright legislation. The legal version of this story can be viewed at https://www.chaffeybreeze.com/2019/06/13/insider-selling-dennys-corp-nasdaqdenn-cfo-sells-30000-shares-of-stock.html.

About Denny’s

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

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