Denny’s (NASDAQ:DENN) Insider Jumana Capital Investments Llc Purchases 162,210 Shares of Stock

Denny’s Corporation (NASDAQ:DENN) insider Jumana Capital Investments Llc purchased 162,210 shares of the stock in a transaction on Monday, October 20th. The stock was acquired at an average price of $5.05 per share, for a total transaction of $819,160.50. Following the completion of the purchase, the insider directly owned 3,795,523 shares in the company, valued at approximately $19,167,391.15. The trade was a 4.46% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

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

• On Friday, October 17th, Jumana Capital Investments Llc acquired 11,750 shares of Denny’s stock. The shares were acquired 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 acquired 9,347 shares of Denny’s stock. The stock was bought at an average price of $5.14 per share, with a total value of $48,043.58.

Denny’s Stock Performance

NASDAQ:DENN opened at $5.00 on Wednesday. Denny’s Corporation has a 52-week low of $2.85 and a 52-week high of $7.73. The company has a market cap of $257.50 million, a P/E ratio of 16.13 and a beta of 1.63. The stock’s 50-day simple moving average is $4.86 and its 200 day simple moving average is $4.23.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Monday, August 4th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The company had revenue of $117.66 million for the quarter, compared to analyst estimates 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 revenue for the quarter was up 1.0% on a year-over-year basis. During the same period last year, the company posted $0.13 earnings per share. As a group, equities analysts predict that Denny’s Corporation will post 0.5 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Denny’s

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners increased its stake in shares of Denny’s by 56.7% during the second quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock worth $16,196,000 after purchasing an additional 1,430,102 shares during the period. Envestnet Asset Management Inc. boosted its stake in Denny’s by 63.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock valued at $3,041,000 after purchasing an additional 321,877 shares during the period. Monimus Capital Management LP acquired a new position in Denny’s in the 2nd quarter valued at $1,307,000. North Star Investment Management Corp. increased its position in Denny’s by 1,196.7% during the 2nd quarter. North Star Investment Management Corp. now owns 272,300 shares of the restaurant operator’s stock worth $1,116,000 after buying an additional 251,300 shares during the period. Finally, Earnest Partners LLC lifted its holdings in shares of Denny’s by 16.2% during 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 in the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Benchmark decreased their target price on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Piper Sandler set a $4.00 price target on shares of Denny’s and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Denny’s in a research note on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $6.46.

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.