Denny’s Corporation (NASDAQ:DENN) produced a 37.16% rally since recording the worst price of $13.32. Thanks to the latest 2.99% increase, it now trades at $18.27. Throughout the trading on 01/11/2019, the share price floated between $17.72 and $18.31. This company shares are 5.36% off its target price of $19.25 and the current market capitalization stands at $1.11B. The recent change has given its price a 10.56% lead over SMA 50 and 0.61% lead over its 52-week high. The stock witnessed 11% gains, 29.12% gains and 14.83% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DENN’s volatility during a week at 2.68% and during a month it has been found around 3.11%.Denny’s Corporation (DENN) Top Holders
Institutional investors currently hold around $1.04 billion or 90.5% in DENN stock. Look at its top three institutional owners. Price T Rowe Associates Inc /Md/ owns $165.26 million in Denny’s Corporation, which represents roughly 14.89% of the company’s market cap and approximately 15.95% of the institutional ownership. Similar statistics are true for the second largest owner, Blackrock Inc., which owns 4,568,207 shares of the stock are valued at $83.46 million. The third largest holder is Wells Fargo & Company/Mn, which currently holds $80.3 million worth of this stock and that ownership represents nearly 7.23% of its market capitalization.Denny’s Corporation 13F Filings
At the end of September reporting period, 62 institutional holders increased their position in Denny’s Corporation (NASDAQ:DENN) by some 3,545,532 shares, 62 decreased positions by 3,713,337 and 29 held positions by 49,452,143. That puts total institutional holdings at 56,711,012 shares, according to SEC filings. The stock grabbed 14 new institutional investments totaling 376,685 shares while 11 institutional investors sold out their entire positions totaling 1,405,755 shares.Denny’s Corporation (NASDAQ:DENN) Insider Trades
Multiple company employees have indulged in significant insider trading. Denny’s Corporation disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, Chief Admin Officer & CFO Wolfinger F Mark has sold 7,500 shares of Denny’s Corporation (DENN) in trading session dated Dec. 11, 2018. These shares are worth $125,025 and were traded at $16.67 each. The SEC filing shows that Wolfinger F Mark performed a sale of 14,000 shares. The EVP, Chief Admin Officer & CFO disposed these shares by way of transaction on Nov. 19, 2018. The company’s shares were given away at $16.9 per share worth to an income of some $236,600 on account of Wolfinger F Mark.
Sr. VP, General Counsel & CLO, Flemming Timothy E., sold 43,600 common shares of Denny’s Corporation (DENN) in the open market. In a transaction dated Nov. 14, 2018, the shares were put up for sale at an average price of $17.24, raking in a sum of $751,664. After this sale, 118,191 common shares of DENN are directly owned by the insider, with total stake valued at $2,159,350.
In the transaction dated Nov. 08, 2018, the great number of shares disposed came courtesy the EVP, Chief Admin Officer & CFO; Wolfinger F Mark disposed a total of 7,500 shares at an average price of $16.65, amounting to approximately $124,875. The insider now directly owns 715,894 shares worth $13,079,383.Denny’s Corporation (DENN) Analyst Guide
Several analysts have released their opinion on Denny’s Corporation (NASDAQ:DENN), with 3 analysts believing it is a strong buy. Whereas 1 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.5 average brokerage recommendation.