Denny’s Corporation (NASDAQ:DENN) EVP F Mark Wolfinger sold 1,800 shares of Denny’s Corporation stock in a transaction dated Wednesday, August 16th. The shares were sold at an average price of $12.37, for a total transaction of $22,266.00. Following the transaction, the executive vice president now directly owns 674,497 shares of the company’s stock, valued at $8,343,527.89. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Shares of Denny’s Corporation (NASDAQ:DENN) traded down 0.57% during trading on Friday, reaching $12.12. 240,406 shares of the company traded hands. The stock has a market capitalization of $814.16 million, a PE ratio of 23.76 and a beta of 0.61. Denny’s Corporation has a 12 month low of $10.02 and a 12 month high of $14.25. The company has a 50-day moving average of $11.79 and a 200-day moving average of $12.07.

Denny’s Corporation (NASDAQ:DENN) last posted its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The company had revenue of $133.40 million during the quarter, compared to the consensus estimate of $131.62 million. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. The firm’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the company posted $0.13 EPS. Analysts forecast that Denny’s Corporation will post $0.56 earnings per share for the current fiscal year.

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A number of hedge funds and other institutional investors have recently modified their holdings of DENN. PNC Financial Services Group Inc. raised its position in shares of Denny’s Corporation by 68.3% in the second quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after buying an additional 4,041 shares during the period. SG Americas Securities LLC purchased a new position in Denny’s Corporation during the first quarter valued at about $119,000. Stevens Capital Management LP purchased a new position in Denny’s Corporation during the first quarter valued at about $127,000. BNP Paribas Arbitrage SA raised its position in Denny’s Corporation by 939.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock valued at $134,000 after buying an additional 10,282 shares during the last quarter. Finally, Koch Industries Inc. purchased a new position in Denny’s Corporation during the first quarter valued at about $138,000. Institutional investors and hedge funds own 92.55% of the company’s stock.

Several equities analysts recently issued reports on DENN shares. Instinet reissued a “neutral” rating and set a $12.00 price target (up from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Nomura reissued a “hold” rating and set a $12.00 price target on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Wedbush reissued a “buy” rating on shares of Denny’s Corporation in a report on Tuesday, June 6th. BidaskClub downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the stock. Denny’s Corporation presently has an average rating of “Hold” and an average price target of $12.67.

Denny’s Corporation Company Profile

Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.

Insider Buying and Selling by Quarter for Denny`s Corporation (NASDAQ:DENN)

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