Denny’s (NASDAQ:DENN) Insider Jumana Capital Investments Llc Buys 250,000 Shares

Denny’s Corporation (NASDAQ:DENN) insider Jumana Capital Investments Llc purchased 250,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $4.08 per share, with a total value of $1,020,000.00. Following the completion of the acquisition, the insider owned 4,524,905 shares of the company’s stock, valued at approximately $18,461,612.40. The trade was a 5.85% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• On Friday, October 17th, Jumana Capital Investments Llc bought 11,750 shares of Denny’s stock. The stock was purchased at an average price of $4.99 per share, with a total value of $58,632.50.
• On Tuesday, October 21st, Jumana Capital Investments Llc bought 9,347 shares of Denny’s stock. The stock was purchased at an average price 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, with a total value of $819,160.50.

Denny’s Trading Up 50.4%

Shares of NASDAQ DENN opened at $6.18 on Wednesday. The business has a fifty day simple moving average of $4.94 and a 200 day simple moving average of $4.36. The firm has a market capitalization of $318.26 million, a price-to-earnings ratio of 19.94 and a beta of 1.63. Denny’s Corporation has a one year low of $2.85 and a one year high of $7.73.

Denny’s (NASDAQ:DENN) last issued its earnings results on Monday, November 3rd. The restaurant operator reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The firm had revenue of $113.24 million during the quarter, compared to analyst estimates of $116.91 million. Denny’s had a net margin of 3.53% and a negative return on equity of 59.51%. The business’s revenue for the quarter was up 202.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 earnings per share. On average, research analysts anticipate that Denny’s Corporation will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Denny’s

Several large investors have recently made changes to their positions in DENN. Vontobel Holding Ltd. acquired a new position in shares of Denny’s during the first quarter valued at $60,000. Bank of New York Mellon Corp lifted its stake in shares of Denny’s by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 217,322 shares of the restaurant operator’s stock valued at $798,000 after acquiring an additional 8,159 shares during the period. Envestnet Asset Management Inc. lifted its stake in shares of Denny’s by 63.5% during the first quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock valued at $3,041,000 after acquiring an additional 321,877 shares during the period. Cerity Partners LLC acquired a new position in shares of Denny’s during the first quarter valued at $41,000. Finally, CWM LLC lifted its stake in shares of Denny’s by 217.7% during the first quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock valued at $25,000 after acquiring an additional 4,608 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analysts Set New Price Targets

DENN has been the topic of a number of analyst reports. Piper Sandler set a $4.00 price target on Denny’s and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Benchmark decreased their target price on Denny’s from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Weiss Ratings restated a “sell (d+)” rating on shares of Denny’s in a report on Wednesday, October 8th. Truist Financial restated a “hold” rating and set a $6.00 target price on shares of Denny’s in a report on Tuesday. Finally, Mizuho upgraded Denny’s to a “hold” rating in a report on Tuesday, October 28th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $5.96.

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.