Jumana Capital Investments Llc Purchases 9,347 Shares of Denny’s (NASDAQ:DENN) Stock

Denny’s Corporation (NASDAQ:DENN) insider Jumana Capital Investments Llc bought 9,347 shares of Denny’s stock in a transaction dated Tuesday, October 21st. The stock was acquired at an average price of $5.14 per share, with a total value of $48,043.58. Following the completion of the transaction, the insider directly owned 3,804,870 shares of the company’s stock, valued at approximately $19,557,031.80. The trade was a 0.25% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website.

Jumana Capital Investments Llc also recently made the following trade(s):

• On Friday, October 17th, Jumana Capital Investments Llc acquired 11,750 shares of Denny’s stock. The shares were acquired at an average cost of $4.99 per share, with a total value of $58,632.50.
• On Monday, October 20th, Jumana Capital Investments Llc bought 162,210 shares of Denny’s stock. The shares were bought at an average price of $5.05 per share, for a total transaction of $819,160.50.

Denny’s Stock Performance

NASDAQ:DENN opened at $5.15 on Thursday. Denny’s Corporation has a one year low of $2.85 and a one year high of $7.73. The stock has a market cap of $265.23 million, a PE ratio of 16.61 and a beta of 1.63. The stock has a 50 day moving average price of $4.88 and a 200 day moving average price of $4.23.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Monday, August 4th. The restaurant operator reported $0.09 earnings per share for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The company had revenue of $117.66 million for the quarter, compared to analyst estimates of $118.14 million. During the same period last year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 1.0% on a year-over-year basis. As a group, analysts predict that Denny’s Corporation will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Denny’s

A number of hedge funds have recently made changes to their positions in the stock. XTX Topco Ltd increased its holdings in Denny’s by 6.8% in the 1st quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 2,601 shares during the last quarter. Fruth Investment Management grew its stake in shares of Denny’s by 13.2% in the second quarter. Fruth Investment Management now owns 30,000 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 3,500 shares in the last quarter. Panagora Asset Management Inc. raised its holdings in shares of Denny’s by 2.1% in the 2nd quarter. Panagora Asset Management Inc. now owns 179,840 shares of the restaurant operator’s stock valued at $737,000 after buying an additional 3,752 shares during the period. CWM LLC lifted its stake in Denny’s by 217.7% during the 1st quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 4,608 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its stake in Denny’s by 45.1% during the 2nd quarter. Vontobel Holding Ltd. now owns 23,897 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 7,430 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday, October 8th. Piper Sandler set a $4.00 price target on shares of Denny’s and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Finally, Benchmark decreased their price objective on Denny’s from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $6.46.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.