Stifel Financial Corp Has $2.39 Million Holdings in Denny’s Corp (NASDAQ:DENN)

Stifel Financial Corp increased its position in Denny’s Corp (NASDAQ:DENN) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 104,799 shares of the restaurant operator’s stock after acquiring an additional 2,793 shares during the quarter. Stifel Financial Corp owned about 0.18% of Denny’s worth $2,386,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in DENN. MUFG Americas Holdings Corp acquired a new stake in shares of Denny’s in the third quarter valued at about $114,000. Tower Research Capital LLC TRC bought a new stake in Denny’s during the 3rd quarter valued at approximately $48,000. SG Americas Securities LLC bought a new stake in Denny’s during the 3rd quarter valued at approximately $3,604,000. Mackay Shields LLC grew its holdings in Denny’s by 23.4% in the 3rd quarter. Mackay Shields LLC now owns 37,500 shares of the restaurant operator’s stock valued at $854,000 after buying an additional 7,100 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Denny’s by 10.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 54,546 shares of the restaurant operator’s stock valued at $1,228,000 after buying an additional 5,164 shares during the last quarter. 90.63% of the stock is owned by hedge funds and other institutional investors.

In related news, VP Stephen C. Dunn sold 58,332 shares of the firm’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $19.51, for a total value of $1,138,057.32. Following the completion of the transaction, the vice president now directly owns 36,017 shares of the company’s stock, valued at $702,691.67. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Timothy E. Flemming sold 50,873 shares of the firm’s stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $22.82, for a total value of $1,160,921.86. Following the completion of the transaction, the vice president now directly owns 100,828 shares of the company’s stock, valued at $2,300,894.96. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 113,021 shares of company stock worth $2,386,060. 6.10% of the stock is currently owned by company insiders.

A number of brokerages have recently commented on DENN. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a report on Tuesday. MKM Partners assumed coverage on shares of Denny’s in a research note on Thursday, September 26th. They issued a “neutral” rating and a $25.00 price objective on the stock. ValuEngine lowered shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, October 2nd. Oppenheimer assumed coverage on shares of Denny’s in a research report on Thursday, September 19th. They set an “outperform” rating and a $27.00 target price on the stock. Finally, CL King initiated coverage on shares of Denny’s in a research note on Tuesday, October 1st. They set a “buy” rating for the company. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and an average target price of $24.33.

Shares of DENN opened at $20.57 on Wednesday. Denny’s Corp has a 12-month low of $15.72 and a 12-month high of $23.88. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 30.25, a P/E/G ratio of 3.40 and a beta of 0.05. The stock’s 50-day moving average price is $20.09 and its 200 day moving average price is $21.39.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.18 EPS for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. Denny’s had a negative return on equity of 34.15% and a net margin of 18.80%. The company had revenue of $124.30 million during the quarter, compared to the consensus estimate of $126.62 million. During the same quarter last year, the company earned $0.17 EPS. The company’s quarterly revenue was down 21.3% on a year-over-year basis. On average, equities research analysts expect that Denny’s Corp will post 0.68 earnings per share for the current fiscal year.

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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Institutional Ownership by Quarter for Denny`s (NASDAQ:DENN)

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