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

Denny’s Corporation (NASDAQ:DENN) insider Jumana Capital Investments Llc acquired 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was bought at an average cost of $4.08 per share, with a total value of $1,020,000.00. Following the completion of the transaction, the insider directly owned 4,524,905 shares in the company, valued at $18,461,612.40. The trade was a 5.85% increase in their ownership of the stock. The purchase was disclosed in a legal filing 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, for a total transaction 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, for a total transaction 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, for a total transaction of $819,160.50.

Denny’s Stock Performance

NASDAQ DENN traded up $2.07 during trading hours on Tuesday, reaching $6.18. The stock had a trading volume of 27,480,176 shares, compared to its average volume of 1,130,921. The stock has a fifty day moving average of $4.91 and a 200 day moving average of $4.33. The stock has a market cap of $318.26 million, a P/E ratio of 19.94 and a beta of 1.63. Denny’s Corporation has a 52-week low of $2.85 and a 52-week 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 analysts’ expectations of $116.91 million. Denny’s had a net margin of 3.53% and a negative return on equity of 59.51%. Denny’s’s quarterly revenue was up 202.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.14 EPS. On average, equities research analysts forecast that Denny’s Corporation will post 0.5 EPS for the current year.

Analysts Set New Price Targets

DENN has been the subject of several research analyst reports. Truist Financial reaffirmed a “hold” rating and set a $6.00 target price on shares of Denny’s in a research note on Tuesday. Benchmark reduced their price objective on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Piper Sandler set a $4.00 target price on shares of Denny’s and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Denny’s in a research note on Wednesday, October 8th. Finally, Oppenheimer cut Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $5.96.

Institutional Trading of Denny’s

Several large investors have recently added to or reduced their stakes in the stock. Boston Partners grew its holdings in Denny’s by 56.7% in the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after buying an additional 1,430,102 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Denny’s by 6.0% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock valued at $7,992,000 after buying an additional 110,722 shares in the last quarter. Hotchkis & Wiley Capital Management LLC grew its holdings in Denny’s by 5.1% in the 1st quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator’s stock valued at $6,129,000 after buying an additional 81,550 shares in the last quarter. Earnest Partners LLC grew its holdings in Denny’s by 16.2% in the 1st quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator’s stock valued at $5,729,000 after buying an additional 218,019 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Denny’s by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock valued at $5,090,000 after buying an additional 13,816 shares in the last quarter. 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.