John William Dillon Sells 9,588 Shares of Denny’s Corp (NASDAQ:DENN) Stock

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.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $151.90 million for the quarter, compared to analyst estimates of $148.85 million. Denny’s had a negative return on equity of 34.91% and a net margin of 11.60%. The business’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.18 earnings per share. On average, research analysts forecast that Denny’s Corp will post 0.65 EPS for the current fiscal year.

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.

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