Denny’s (NASDAQ:DENN) COO Christopher D. Bode sold 15,000 shares of Denny’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $15.65, for a total transaction of $234,750.00. Following the transaction, the chief operating officer now directly owns 50,488 shares in the company, valued at $790,137.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
DENN stock opened at $15.58 on Wednesday. The company has a quick ratio of 0.40, a current ratio of 0.43 and a debt-to-equity ratio of -2.94. Denny’s has a one year low of $10.87 and a one year high of $16.31. The company has a market cap of $1,001.35, a price-to-earnings ratio of 27.82 and a beta of 0.65.
Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, February 13th. The restaurant operator reported $0.18 EPS for the quarter, topping the consensus estimate of $0.14 by $0.04. The company had revenue of $135.50 million for the quarter, compared to the consensus estimate of $134.84 million. Denny’s had a net margin of 7.48% and a negative return on equity of 47.76%. analysts anticipate that Denny’s will post 0.57 EPS for the current year.
Institutional investors have recently modified their holdings of the business. LMR Partners LLP purchased a new position in Denny’s during the 3rd quarter valued at $127,000. First Republic Investment Management Inc. purchased a new position in Denny’s during the 4th quarter valued at $153,000. Landscape Capital Management L.L.C. purchased a new position in Denny’s during the 4th quarter valued at $160,000. Paloma Partners Management Co purchased a new position in Denny’s during the 4th quarter valued at $165,000. Finally, Magnetar Financial LLC purchased a new position in Denny’s during the 3rd quarter valued at $204,000. 90.58% of the stock is currently owned by institutional investors and hedge funds.
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.
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