Denny’s Co. (NASDAQ:DENN) CEO Kelli Valade Buys 9,700 Shares of Stock

Denny’s Co. (NASDAQ:DENN) CEO Kelli Valade acquired 9,700 shares of Denny’s stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average cost of $5.13 per share, with a total value of $49,761.00. Following the completion of the purchase, 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 legal filing with the SEC, which is available through this hyperlink.

Denny’s Price Performance

DENN opened at $5.42 on Tuesday. The business has a 50-day moving average of $5.98 and a 200-day moving average of $6.23. Denny’s Co. has a fifty-two week low of $4.82 and a fifty-two week high of $9.52. The company has a market capitalization of $278.20 million, a PE ratio of 13.22 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share 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%. On average, equities research analysts expect that Denny’s Co. will post 0.5 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

DENN has been the subject of several research analyst reports. Oppenheimer reduced their price objective on Denny’s from $8.00 to $7.00 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Truist Financial reduced their price objective on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Wedbush cut their price target on Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research note on Thursday, February 13th. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Piper Sandler cut their price target on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $7.75.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Quarry LP raised its stake in shares of Denny’s by 178.4% in the 4th quarter. Quarry LP now owns 9,618 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 6,163 shares in the last quarter. Marshall Wace LLP bought a new position in shares of Denny’s in the 4th quarter valued at approximately $61,000. RPO LLC bought a new position in shares of Denny’s in the 4th quarter valued at approximately $63,000. FMR LLC raised its stake in shares of Denny’s by 95.2% in the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after acquiring an additional 5,970 shares in the last quarter. Finally, Intech Investment Management LLC bought a new position in shares of Denny’s in the 3rd quarter valued at approximately $83,000. 85.07% of the stock is owned by institutional investors.

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.