Denny’s Corp (NASDAQ:DENN) SVP John William Dillon sold 9,588 shares of the firm’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.53, for a total value of $225,605.64. Following the transaction, the senior vice president now directly owns 70,620 shares in the company, valued at approximately $1,661,688.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
John William Dillon also recently made the following trade(s):
- On Monday, September 9th, John William Dillon sold 7,392 shares of Denny’s stock. The stock was sold at an average price of $23.23, for a total value of $171,716.16.
Shares of DENN stock opened at $22.98 on Thursday. The stock’s 50-day moving average is $22.82 and its two-hundred day moving average is $20.14. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of 33.79 and a beta of 0.17. Denny’s Corp has a 1 year low of $13.32 and a 1 year high of $23.88.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Trust Advisors LP purchased a new position in shares of Denny’s during the second quarter worth about $4,451,000. Advisory Services Network LLC grew its holdings in shares of Denny’s by 1,032.3% during the second 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 last quarter. Gamco Investors INC. ET AL grew its holdings in shares of Denny’s by 2.6% during the second quarter. Gamco Investors INC. ET AL now owns 200,176 shares of the restaurant operator’s stock worth $4,110,000 after buying an additional 5,000 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Denny’s during the first quarter worth about $144,000. Finally, Keybank National Association OH purchased a new position in shares of Denny’s during the second quarter worth about $572,000. 90.27% of the stock is currently owned by hedge funds and other institutional investors.
Several equities analysts have issued reports on the company. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Wedbush set a $25.00 price objective on Denny’s and gave the stock a “buy” rating in a report on Friday, August 16th. BidaskClub raised Denny’s from a “hold” rating to a “buy” rating in a report on Thursday, August 8th. Finally, Maxim Group set a $21.00 price objective on 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’s stock. Denny’s presently has a consensus rating of “Buy” and an average price target of $21.00.
Denny’s Company Profile
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.
Further Reading: Trading Penny Stocks
Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.