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Saygbay-Hallie Monigo, Executive Vice President and Chief People Officer at Denny’s Corp (NASDAQ:DENN), recently acquired 950 shares of the company’s common stock. The transaction, which occurred on February 20, 2025, involved a total purchase value of approximately $4,831, with each share priced at $5.0858. The purchase comes as Denny’s stock trades at $5.32, with a market capitalization of $274 million and a P/E ratio of 12.9. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value metrics.
Following this transaction, Monigo’s total ownership of Denny’s shares increased to 1,050. This acquisition reflects a direct ownership interest in the company. InvestingPro data reveals management has been actively buying back shares, with 8 additional exclusive insights available to subscribers. The stock has shown significant volatility, gaining 9.5% in the past week despite being down 42% over the last year.
In other recent news, Denny’s Corporation reported its fourth-quarter earnings, revealing adjusted earnings per share of $0.14, which fell short of the consensus estimate of $0.15. The company’s revenue was $114.7 million, slightly below the anticipated $116 million. This revenue shortfall was attributed to the accelerated closure of underperforming franchisee-operated restaurants, a strategy aimed at eliminating 150 such units by the end of 2025. Despite this, Denny’s aligned its adjusted earnings before interest, taxes, depreciation, and amortization (AEBITDA) with consensus expectations at $22.2 million. Benchmark analysts responded by lowering their price target for Denny’s shares from $10 to $8 while maintaining a Buy rating. The analysts cited the company’s challenging start to the year and conservative guidance for fiscal year 2025 as reasons for the revision. Additionally, Denny’s announced that Brenda Lauderback, the Chair of the Board of Directors, will retire on May 14, 2025, initiating the search for her successor. The company also plans to expand its Keke’s brand and expects to open 25 to 40 new restaurants in 2025 while closing between 70 and 90 locations.
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