Denny's (NASDAQ:DENN) Insider Purchases $58,632.50 in Stock

Key Points

• Insider Jumana Capital Investments LLC purchased a total of $58,632.50 worth of Denny's stock, acquiring 11,750 shares at an average price of $4.99 per share.
• Denny's shares recently traded down 2.2% to $5.00, with a market capitalization of $257.50 million and a twelve-month range between $2.85 and $7.73.
• Analysts set an average target price of $6.46 for Denny's stock, with five analysts rating it as a Buy and one as a Sell.

Denny's Corporation (NASDAQ:DENN - Get Free Report) insider Jumana Capital Investments Llc acquired 11,750 shares of the firm's stock in a transaction that occurred on Friday, October 17th. The shares were bought at an average cost of $4.99 per share, for a total transaction of $58,632.50. Following the purchase, the insider owned 3,633,313 shares of the company's stock, valued at approximately $18,130,231.87. The trade was a 0.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

• On Tuesday, October 21st, Jumana Capital Investments Llc bought 9,347 shares of Denny's stock. The stock was purchased at an average cost of $5.14 per share, with a total value of $48,043.58.
• On Monday, October 20th, Jumana Capital Investments Llc bought 162,210 shares of Denny's stock. The stock was purchased at an average price of $5.05 per share, for a total transaction of $819,160.50.

Denny's Trading Down 2.2%

Shares of Denny's stock traded down $0.11 during mid-day trading on Tuesday, hitting $5.00. 1,592,217 shares of the stock were exchanged, compared to its average volume of 652,999. The stock has a market capitalization of $257.50 million, a price-to-earnings ratio of 16.13 and a beta of 1.63. Denny's Corporation has a twelve month low of $2.85 and a twelve month high of $7.73. The company has a 50-day simple moving average of $4.86 and a 200 day simple moving average of $4.23.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the business. Boston Partners grew its stake in Denny's by 56.7% during the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator's stock valued at $16,196,000 after purchasing an additional 1,430,102 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in shares of Denny's by 6.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator's stock valued at $7,992,000 after buying an additional 110,722 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in shares of Denny's by 5.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator's stock worth $6,129,000 after buying an additional 81,550 shares in the last quarter. Earnest Partners LLC increased its stake in shares of Denny's by 16.2% in the first quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator's stock worth $5,729,000 after buying an additional 218,019 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in Denny's by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator's stock valued at $5,090,000 after acquiring an additional 13,816 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on DENN shares. Weiss Ratings restated a "sell (d+)" rating on shares of Denny's in a report on Wednesday, October 8th. Piper Sandler set a $4.00 price target on Denny's and gave the stock a "neutral" rating in a research note on Tuesday, August 5th. Finally, Benchmark dropped 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. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock 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.

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