Denny’s Corp (NASDAQ:DENN) SVP John William Dillon sold 7,392 shares of the firm’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $23.23, for a total transaction of $171,716.16. Following the completion of the sale, the senior vice president now owns 70,620 shares of the company’s stock, valued at approximately $1,640,502.60. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
John William Dillon also recently made the following trade(s):
- On Friday, September 6th, John William Dillon sold 9,588 shares of Denny’s stock. The stock was sold at an average price of $23.53, for a total transaction of $225,605.64.
DENN stock opened at $22.98 on Thursday. The company has a market capitalization of $1.39 billion, a PE ratio of 33.79 and a beta of 0.17. Denny’s Corp has a 12 month low of $13.32 and a 12 month high of $23.88. The firm’s 50-day moving average is $22.82 and its 200 day moving average is $20.14.
DENN has been the subject of several analyst reports. Wedbush set a $25.00 target price on shares of Denny’s and gave the stock a “buy” rating in a report on Friday, August 16th. BidaskClub upgraded shares of Denny’s from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Zacks Investment Research lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Maxim Group set a $21.00 target price on shares of Denny’s and gave the stock a “hold” rating in a report on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $21.00.
Hedge funds have recently bought and sold shares of the stock. Mesirow Financial Investment Management Equity Management purchased a new position in Denny’s in the 2nd quarter worth about $50,000. NumerixS Investment Technologies Inc purchased a new position in Denny’s in the 2nd quarter worth about $51,000. Advisory Services Network LLC increased its stake in Denny’s by 1,032.3% in the 2nd quarter. Advisory Services Network LLC now owns 3,510 shares of the restaurant operator’s stock worth $72,000 after buying an additional 3,200 shares during the period. Bank of Montreal Can increased its stake in Denny’s by 2,529.0% in the 2nd quarter. Bank of Montreal Can now owns 5,074 shares of the restaurant operator’s stock worth $104,000 after buying an additional 4,881 shares during the period. Finally, Quantamental Technologies LLC purchased a new position in Denny’s in the 2nd quarter worth about $129,000. 90.27% of the stock is currently owned by institutional investors.
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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