Envestnet Asset Management Inc. boosted its holdings in Denny’s Corp (NASDAQ:DENN) by 13.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,188 shares of the restaurant operator’s stock after buying an additional 7,299 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Denny’s were worth $1,416,000 at the end of the most recent quarter.
A number of other large investors have also bought and sold shares of DENN. Mesirow Financial Investment Management Equity Management purchased a new position in Denny’s in the second quarter valued at $50,000. NumerixS Investment Technologies Inc purchased a new position in Denny’s in the second quarter valued at $51,000. Advisory Services Network LLC increased its holdings in Denny’s by 1,032.3% in the second quarter. Advisory Services Network LLC now owns 3,510 shares of the restaurant operator’s stock valued at $72,000 after buying an additional 3,200 shares during the last quarter. Bank of Montreal Can increased its holdings in Denny’s by 2,529.0% in the second 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 during the last quarter. Finally, Quantamental Technologies LLC purchased a new position in Denny’s in the second quarter valued at $129,000. 90.23% of the stock is currently owned by hedge funds and other institutional investors.
In other Denny’s news, CFO F Mark Wolfinger sold 10,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $23.57, for a total value of $235,700.00. Following the completion of the transaction, the chief financial officer now owns 785,980 shares in the company, valued at $18,525,548.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Timothy E. Flemming sold 50,873 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $22.82, for a total transaction of $1,160,921.86. Following the sale, the vice president now owns 100,828 shares of the company’s stock, valued at approximately $2,300,894.96. The disclosure for this sale can be found here. Insiders sold 194,146 shares of company stock valued at $4,521,833 in the last 90 days. 6.10% of the stock is currently owned by insiders.
Several equities analysts recently commented on the company. TheStreet lowered Denny’s from a “b-” rating to a “c+” rating in a report on Wednesday, October 30th. ValuEngine downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. 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 for the company. Maxim Group upped their price objective on shares of Denny’s from $21.00 to $23.00 and gave the company a “hold” rating in a research note on Wednesday, October 30th. Finally, CL King assumed coverage on shares of Denny’s in a research note on Tuesday, October 1st. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average target price of $24.60.
NASDAQ DENN opened at $20.10 on Thursday. Denny’s Corp has a 1 year low of $15.53 and a 1 year high of $23.88. The company has a market capitalization of $1.17 billion, a PE ratio of 27.54, a P/E/G ratio of 3.24 and a beta of 0.09. The company has a fifty day moving average of $21.90 and a two-hundred day moving average of $21.27.
Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, October 29th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. Denny’s had a net margin of 18.80% and a negative return on equity of 34.15%. The company had revenue of $124.30 million during the quarter, compared to the consensus estimate of $126.62 million. During the same quarter in the prior year, the firm posted $0.17 earnings per share. Denny’s’s revenue for the quarter was down 21.3% on a year-over-year basis. As a group, sell-side analysts anticipate that Denny’s Corp will post 0.68 earnings per share for the current year.
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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