Denny’s Corp (NASDAQ:DENN) SVP John William Dillon sold 9,588 shares of the company’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 completion of the sale, the senior vice president now owns 70,620 shares in the company, valued at approximately $1,661,688.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 shares were sold at an average price of $23.23, for a total value of $171,716.16.
Shares of Denny’s stock traded down $0.40 during trading hours on Tuesday, reaching $22.99. The stock had a trading volume of 378,591 shares, compared to its average volume of 420,645. The stock’s 50 day moving average is $22.77 and its 200 day moving average is $20.09. Denny’s Corp has a twelve month low of $13.32 and a twelve month high of $23.88. The firm has a market capitalization of $1.37 billion, a PE ratio of 33.81 and a beta of 0.17.
Hedge funds have recently modified their holdings of the business. Mesirow Financial Investment Management Equity Management purchased a new stake in shares of Denny’s in the second quarter valued at approximately $50,000. NumerixS Investment Technologies Inc acquired a new position in shares of Denny’s during the 2nd quarter worth approximately $51,000. Advisory Services Network LLC raised its stake in shares of Denny’s by 1,032.3% during 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 lifted its position in shares of Denny’s by 2,529.0% during the 2nd quarter. Bank of Montreal Can now owns 5,074 shares of the restaurant operator’s stock valued at $104,000 after buying an additional 4,881 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new position in shares of Denny’s during the 2nd quarter valued at approximately $129,000. Institutional investors own 90.27% of the company’s stock.
A number of brokerages have issued reports on DENN. Wedbush set a $25.00 price target on Denny’s and gave the company a “buy” rating in a report on Friday, August 16th. BidaskClub raised shares of Denny’s from a “hold” rating to a “buy” rating in a research note 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 company a “hold” rating in a research note on Wednesday, July 31st. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $21.00.
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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