Insider Buying: Denny’s (NASDAQ:DENN) Insider Acquires $48,043.58 in Stock

Denny’s Corporation (NASDAQ:DENN) insider Jumana Capital Investments Llc purchased 9,347 shares of Denny’s stock in a transaction on Tuesday, October 21st. The shares were purchased at an average cost of $5.14 per share, with a total value of $48,043.58. Following the transaction, the insider owned 3,804,870 shares in the company, valued at approximately $19,557,031.80. The trade was a 0.25% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

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

• On Friday, October 17th, Jumana Capital Investments Llc purchased 11,750 shares of Denny’s stock. The shares were purchased 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 purchased 162,210 shares of Denny’s stock. The shares were purchased at an average cost of $5.05 per share, with a total value of $819,160.50.

Denny’s Stock Down 4.3%

NASDAQ:DENN opened at $4.93 on Friday. Denny’s Corporation has a twelve month low of $2.85 and a twelve month high of $7.73. The business has a 50 day moving average price of $4.90 and a two-hundred day moving average price of $4.24. The company has a market cap of $253.90 million, a P/E ratio of 15.90 and a beta of 1.63.

Denny’s (NASDAQ:DENN) last released its quarterly earnings results 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 firm had revenue of $117.66 million for the quarter, compared to analyst estimates of $118.14 million. During the same period last year, the company earned $0.13 EPS. The company’s revenue was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that Denny’s Corporation will post 0.5 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Denny’s

A number of large investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC bought a new stake in Denny’s in the 3rd quarter valued at $58,000. Captrust Financial Advisors bought a new stake in Denny’s in the 2nd quarter valued at $288,000. Monimus Capital Management LP bought a new stake in Denny’s in the 2nd quarter valued at $1,307,000. Man Group plc bought a new stake in Denny’s in the 2nd quarter valued at $120,000. Finally, Balyasny Asset Management L.P. bought a new stake in Denny’s in the 2nd quarter valued at $534,000. Institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

DENN has been the subject of several recent analyst reports. Benchmark cut their price objective on Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Weiss Ratings reissued a “sell (d+)” rating on shares of Denny’s in a report on Wednesday, October 8th. Finally, Piper Sandler set a $4.00 price objective on Denny’s and gave the company a “neutral” rating in a report on Tuesday, August 5th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Denny’s presently has an average rating of “Moderate Buy” and an average target price 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.