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

Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 15,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $23.25, for a total transaction of $348,750.00. Following the sale, the chief financial officer now owns 790,980 shares of the company’s stock, valued at $18,390,285. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Friday, September 6th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The stock was sold at an average price of $23.52, for a total value of $352,800.00.
  • 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 value 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 value of $235,700.00.
  • On Friday, June 14th, F Mark Wolfinger sold 47,550 shares of Denny’s stock. The stock was sold at an average price of $20.70, for a total value of $984,285.00.

Denny’s stock traded down $0.01 during midday trading on Wednesday, hitting $22.98. The company’s stock had a trading volume of 288,435 shares, compared to its average volume of 419,889. The company 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. The company has a 50-day moving average price of $22.79 and a two-hundred day moving average price of $20.11.



Denny’s (NASDAQ:DENN) last announced its 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 firm had revenue of $151.90 million for the quarter, compared to analyst estimates of $148.85 million. During the same quarter in the prior year, the business posted $0.18 EPS. The business’s revenue was down 3.5% compared to the same quarter last year. As a group, equities research analysts forecast that Denny’s Corp will post 0.65 earnings per share for the current fiscal year.

Several hedge funds have recently modified their holdings of the stock. Mesirow Financial Investment Management Equity Management bought a new stake in Denny’s during the second quarter worth about $50,000. NumerixS Investment Technologies Inc bought a new position in Denny’s in the second quarter valued at approximately $51,000. Advisory Services Network LLC raised its position in 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 valued at $72,000 after purchasing an additional 3,200 shares in the last quarter. Bank of Montreal Can raised its position in Denny’s by 2,529.0% during the second quarter. Bank of Montreal Can now owns 5,074 shares of the restaurant operator’s stock valued at $104,000 after purchasing an additional 4,881 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in Denny’s during the second quarter worth $129,000. Institutional investors and hedge funds own 90.27% of the company’s stock.

Several research firms recently weighed in on DENN. Wedbush set a $25.00 price target 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. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a report on Monday, August 19th. Finally, Maxim Group set a $21.00 price objective on Denny’s and gave the stock a “hold” rating in a research report on Wednesday, July 31st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average 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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