Denny’s Co. (NASDAQ:DENN) CEO Purchases $49,761.00 in Stock

Denny’s Co. (NASDAQ:DENN) CEO Kelli Valade bought 9,700 shares of the company’s stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $5.13 per share, with a total value of $49,761.00. Following the transaction, the chief executive officer now owns 192,806 shares in the company, valued at approximately $989,094.78. This represents a 5.30 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Denny’s Price Performance

NASDAQ:DENN opened at $5.33 on Monday. Denny’s Co. has a 1-year low of $4.82 and a 1-year high of $9.52. The stock has a market cap of $273.33 million, a P/E ratio of 12.99 and a beta of 2.02. The firm has a 50-day moving average of $6.00 and a two-hundred day moving average of $6.23.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a net margin of 4.77% and a negative return on equity of 50.01%. As a group, equities analysts expect that Denny’s Co. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a research report on Thursday, February 13th. StockNews.com cut shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Piper Sandler cut their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Truist Financial decreased their target price on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Wedbush dropped their target price on Denny’s from $10.00 to $8.50 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Denny’s currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Hedge Funds Weigh In On Denny’s

Several institutional investors and hedge funds have recently made changes to their positions in DENN. PharVision Advisers LLC acquired a new stake in Denny’s in the fourth quarter valued at $218,000. Squarepoint Ops LLC increased its position in shares of Denny’s by 323.3% in the 4th quarter. Squarepoint Ops LLC now owns 98,262 shares of the restaurant operator’s stock worth $594,000 after purchasing an additional 75,046 shares during the last quarter. Two Sigma Investments LP increased its position in shares of Denny’s by 15.4% in the 4th quarter. Two Sigma Investments LP now owns 196,024 shares of the restaurant operator’s stock worth $1,186,000 after purchasing an additional 26,194 shares during the last quarter. State of Wyoming acquired a new stake in shares of Denny’s in the 4th quarter valued at about $152,000. Finally, ProShare Advisors LLC bought a new position in shares of Denny’s during the fourth quarter worth about $86,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

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.