Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger Sells 15,000 Shares

Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 15,000 shares of the company’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.52, for a total transaction of $352,800.00. Following the completion of the transaction, the chief financial officer now directly owns 785,980 shares in the company, valued at approximately $18,486,249.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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

  • On Tuesday, September 3rd, F Mark Wolfinger sold 6,989 shares of Denny’s stock. The shares were sold at an average price of $23.61, for a total transaction of $165,010.29.
  • On Friday, August 30th, F Mark Wolfinger sold 10,000 shares of Denny’s stock. The shares were sold at an average price of $23.57, for a total transaction of $235,700.00.
  • On Friday, June 14th, F Mark Wolfinger sold 47,550 shares of Denny’s stock. The shares were sold at an average price of $20.70, for a total transaction of $984,285.00.

Denny’s stock traded up $0.08 during midday trading on Monday, reaching $23.39. 292,021 shares of the stock traded hands, compared to its average volume of 420,722. The firm has a market cap of $1.39 billion, a PE ratio of 34.40 and a beta of 0.17. The company has a 50-day simple moving average of $22.67 and a two-hundred day simple moving average of $20.01. Denny’s Corp has a 12-month low of $13.32 and a 12-month high of $23.88.



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

Several hedge funds have recently made changes to their positions in DENN. First Trust Advisors LP acquired a new stake in Denny’s during the 2nd quarter worth approximately $4,451,000. Advisory Services Network LLC raised its stake in shares of Denny’s by 1,032.3% in the second quarter. Advisory Services Network LLC now owns 3,510 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 3,200 shares in the last quarter. Gamco Investors INC. ET AL raised its stake in shares of Denny’s by 2.6% in the second quarter. Gamco Investors INC. ET AL now owns 200,176 shares of the restaurant operator’s stock valued at $4,110,000 after acquiring an additional 5,000 shares in the last quarter. SG Americas Securities LLC purchased a new position in Denny’s in the first quarter valued at $144,000. Finally, Keybank National Association OH purchased a new position in Denny’s in the second quarter valued at $572,000. Hedge funds and other institutional investors own 90.27% of the company’s stock.

DENN has been the subject of a number of research analyst reports. BidaskClub raised shares of Denny’s from a “hold” rating to a “buy” rating in a research report on Thursday, August 8th. Wedbush set a $25.00 target price on Denny’s and gave the company a “buy” rating in a research report on Friday, August 16th. Maxim Group set a $21.00 target price on Denny’s and gave the company a “hold” rating in a research report on Wednesday, July 31st. Finally, Zacks Investment Research cut Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, August 19th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.

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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