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

Denny’s Co. (NASDAQ:DENN) EVP Stephen C. Dunn acquired 9,815 shares of the stock in a transaction on Wednesday, February 26th. The shares were acquired at an average cost of $5.08 per share, for a total transaction of $49,860.20. Following the completion of the transaction, the executive vice president now directly owns 113,666 shares in the company, valued at $577,423.28. The trade was a 9.45 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Denny’s Trading Down 0.6 %

Shares of DENN stock opened at $5.05 on Friday. The stock has a 50 day simple moving average of $5.93 and a 200-day simple moving average of $6.21. The company has a market cap of $259.21 million, a price-to-earnings ratio of 12.32 and a beta of 2.02. Denny’s Co. has a 12-month low of $4.82 and a 12-month 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 net margin of 4.77% and a negative return on equity of 50.01%. On average, equities analysts forecast that Denny’s Co. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on DENN shares. Piper Sandler decreased their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Wedbush decreased their price objective on Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research report on Thursday, February 13th. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Oppenheimer decreased their price target on Denny’s from $8.00 to $7.00 and set an “outperform” rating for the company in a report on Thursday, February 13th. Finally, Citigroup dropped their price objective on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating on the stock 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 company. According to data from MarketBeat.com, Denny’s presently has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Institutional Trading of Denny’s

Several hedge funds and other institutional investors have recently made changes to their positions in DENN. Creative Planning increased its holdings in Denny’s by 6.4% in the third quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 2,273 shares in the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Denny’s by 4.0% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 63,166 shares of the restaurant operator’s stock worth $383,000 after acquiring an additional 2,408 shares during the period. Access Investment Management LLC increased its stake in Denny’s by 1.5% in the 4th quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator’s stock valued at $1,320,000 after purchasing an additional 3,135 shares in the last quarter. State Street Corp raised its holdings in Denny’s by 0.3% during the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock worth $7,585,000 after purchasing an additional 3,142 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Denny’s by 0.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 759,837 shares of the restaurant operator’s stock worth $4,597,000 after purchasing an additional 3,538 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

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.