Denny's (NASDAQ:DENN) Insider Purchases $48,043.58 in Stock

Key Points

• Denny's Corporation insider Jumana Capital Investments LLC purchased 9,347 shares at an average price of $5.14, increasing their total ownership to approximately 3.8 million shares.
• During a recent trading session, Denny's stock price fell to $5.00, with a market capitalization of $257.50 million and a 12-month trading range between $2.85 and $7.73.
• Analysts have mixed ratings on Denny's stock, with a consensus target price of $6.46, while some firms have lowered their target prices amidst uncertain earnings performance.

Denny's Corporation (NASDAQ:DENN - Get Free Report) insider Jumana Capital Investments Llc purchased 9,347 shares of Denny's stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average price of $5.14 per share, with a total value of $48,043.58. Following the transaction, the insider owned 3,804,870 shares of the company's stock, valued at $19,557,031.80. This trade represents a 0.25% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Monday, October 20th, Jumana Capital Investments Llc acquired 162,210 shares of Denny's stock. The shares were acquired at an average cost of $5.05 per share, for a total transaction of $819,160.50.

Denny's Stock Performance

NASDAQ DENN traded down $0.11 during trading on Tuesday, hitting $5.00. 1,592,217 shares of the company's stock traded hands, compared to its average volume of 993,571. Denny's Corporation has a 12-month low of $2.85 and a 12-month high of $7.73. The stock has a market capitalization of $257.50 million, a price-to-earnings ratio of 16.13 and a beta of 1.63. The business has a 50 day moving average of $4.83 and a 200-day moving average of $4.22.

Denny's (NASDAQ:DENN - Get Free Report) last announced its quarterly earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share (EPS) 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 during the quarter, compared to analysts' expectations of $118.14 million. During the same period in the previous year, the company posted $0.13 earnings per share. The company's quarterly revenue was up 1.0% compared to the same quarter last year. On average, analysts expect that Denny's Corporation will post 0.5 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the company. Captrust Financial Advisors purchased a new position in shares of Denny's in the second quarter worth $288,000. Monimus Capital Management LP purchased a new position in shares of Denny's in the second quarter worth $1,307,000. Man Group plc purchased a new position in shares of Denny's in the second quarter worth $120,000. Balyasny Asset Management L.P. purchased a new position in shares of Denny's in the second quarter worth $534,000. Finally, Ameriprise Financial Inc. increased its stake in shares of Denny's by 19.3% in the second quarter. Ameriprise Financial Inc. now owns 400,860 shares of the restaurant operator's stock worth $1,644,000 after buying an additional 64,792 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Benchmark lowered their target price on shares of Denny's from $8.00 to $6.00 and set a "buy" rating on the stock in a research note on Thursday, August 7th. Piper Sandler set a $4.00 price target on shares of Denny's and gave the company a "neutral" rating in a research report on Tuesday, August 5th. Finally, Weiss Ratings reiterated a "sell (d+)" rating on shares of Denny's in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $6.46.

About Denny's

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.