Rice Hall James & Associates LLC boosted its stake in shares of Denny’s Corp (NASDAQ:DENN) by 206.2% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 52,493 shares of the restaurant operator’s stock after buying an additional 35,351 shares during the quarter. Rice Hall James & Associates LLC owned approximately 0.09% of Denny’s worth $963,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc grew its position in Denny’s by 1.6% during the third quarter. Vanguard Group Inc now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after buying an additional 47,047 shares during the period. Vanguard Group Inc. grew its position in Denny’s by 1.6% during the third quarter. Vanguard Group Inc. now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after buying an additional 47,047 shares during the period. Ibex Investors LLC bought a new position in Denny’s during the fourth quarter valued at about $211,000. Assenagon Asset Management S.A. bought a new position in Denny’s during the fourth quarter valued at about $2,296,000. Finally, Nomura Holdings Inc. bought a new position in Denny’s during the fourth quarter valued at about $3,480,000. Institutional investors own 92.85% of the company’s stock.
In other news, SVP John William Dillon sold 10,360 shares of the stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $19.24, for a total value of $199,326.40. Following the sale, the senior vice president now directly owns 80,208 shares of the company’s stock, valued at $1,543,201.92. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, VP Stephen C. Dunn sold 12,000 shares of the stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $17.68, for a total transaction of $212,160.00. Following the completion of the sale, the vice president now directly owns 99,199 shares in the company, valued at $1,753,838.32. The disclosure for this sale can be found here. Insiders have sold 73,484 shares of company stock valued at $1,386,117 in the last quarter. Company insiders own 6.10% of the company’s stock.
Several research firms recently weighed in on DENN. Maxim Group restated a “buy” rating and set a $21.00 price target on shares of Denny’s in a research report on Wednesday, April 24th. BidaskClub upgraded shares of Denny’s from a “sell” rating to a “hold” rating in a research report on Friday, April 26th. Wedbush reiterated a “buy” rating and set a $21.00 target price on shares of Denny’s in a research report on Monday, May 20th. Finally, Zacks Investment Research upgraded shares of Denny’s from a “hold” rating to a “buy” rating and set a $21.00 target price for the company in a research report on Friday, May 3rd. Five equities research analysts have rated the stock with a buy rating, Denny’s currently has a consensus rating of “Buy” and an average target price of $20.00.
NASDAQ:DENN traded down $0.14 on Wednesday, reaching $19.00. 452,833 shares of the company’s stock were exchanged, compared to its average volume of 401,660. The firm has a market capitalization of $1.14 billion, a PE ratio of 27.94 and a beta of 0.17. Denny’s Corp has a 52 week low of $13.32 and a 52 week high of $20.41.
Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $151.41 million during the quarter, compared to analyst estimates of $149.01 million. Denny’s had a net margin of 7.89% and a negative return on equity of 34.51%. The company’s quarterly revenue was down 2.5% on a year-over-year basis. During the same quarter last year, the business earned $0.15 earnings per share. Sell-side analysts expect that Denny’s Corp will post 0.61 EPS for the current year.
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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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