F Mark Wolfinger Sells 30,000 Shares of Denny’s Corp (NASDAQ:DENN) Stock

Denny’s Corp (NASDAQ:DENN) CFO F Mark Wolfinger sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, June 10th. The shares were sold at an average price of $20.66, for a total value of $619,800.00. Following the completion of the transaction, the chief financial officer now directly owns 805,980 shares in the company, valued at $16,651,546.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

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

  • On Friday, June 7th, F Mark Wolfinger sold 30,000 shares of Denny’s stock. The shares were sold at an average price of $20.71, for a total value of $621,300.00.
  • On Friday, May 24th, F Mark Wolfinger sold 15,000 shares of Denny’s stock. The shares were sold at an average price of $19.39, for a total value of $290,850.00.
  • On Friday, May 10th, F Mark Wolfinger sold 732 shares of Denny’s stock. The shares were sold at an average price of $19.40, for a total value of $14,200.80.
  • On Monday, May 13th, F Mark Wolfinger sold 7,500 shares of Denny’s stock. The shares were sold at an average price of $19.22, for a total value of $144,150.00.
  • On Wednesday, May 8th, F Mark Wolfinger sold 5,000 shares of Denny’s stock. The shares were sold at an average price of $19.38, for a total value of $96,900.00.
  • On Friday, March 29th, F Mark Wolfinger sold 7,450 shares of Denny’s stock. The shares were sold at an average price of $18.47, for a total value of $137,601.50.

Shares of NASDAQ:DENN traded down $0.02 during trading on Wednesday, reaching $20.62. 366,948 shares of the stock were exchanged, compared to its average volume of 405,408. Denny’s Corp has a 1-year low of $13.32 and a 1-year high of $20.87. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of 30.32 and a beta of 0.13.

Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. The company had revenue of $151.41 million for the quarter, compared to analyst estimates of $149.01 million. During the same period in the prior year, the firm earned $0.15 earnings per share. Denny’s’s revenue for the quarter was down 2.5% on a year-over-year basis. As a group, research analysts anticipate that Denny’s Corp will post 0.64 EPS for the current year.

Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. raised its position in shares of Denny’s by 4.1% during the fourth quarter. Victory Capital Management Inc. now owns 32,189 shares of the restaurant operator’s stock worth $522,000 after purchasing an additional 1,253 shares during the period. Legal & General Group Plc grew its holdings in Denny’s by 13.1% during the fourth quarter. Legal & General Group Plc now owns 11,033 shares of the restaurant operator’s stock worth $179,000 after buying an additional 1,280 shares in the last quarter. Swiss National Bank grew its holdings in Denny’s by 1.8% during the first quarter. Swiss National Bank now owns 114,100 shares of the restaurant operator’s stock worth $2,094,000 after buying an additional 2,000 shares in the last quarter. Cadence Capital Management LLC grew its holdings in Denny’s by 1.8% during the first quarter. Cadence Capital Management LLC now owns 115,627 shares of the restaurant operator’s stock worth $2,122,000 after buying an additional 2,036 shares in the last quarter. Finally, The Manufacturers Life Insurance Company grew its holdings in Denny’s by 6.9% during the first quarter. The Manufacturers Life Insurance Company now owns 39,839 shares of the restaurant operator’s stock worth $731,000 after buying an additional 2,578 shares in the last quarter. 92.85% of the stock is currently owned by institutional investors.

DENN has been the topic of several recent analyst reports. Zacks Investment Research lowered Denny’s from a “hold” rating to a “sell” rating in a research note on Thursday, February 14th. BidaskClub lowered Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, April 1st. Finally, Maxim Group reaffirmed a “buy” rating and set a $21.00 target price on shares of Denny’s in a research report on Wednesday, April 24th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $20.00.

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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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