Denny's president and COO buys $49,804 in company stock

Christopher D. Bode, President and Chief Operating Officer of Denny's Corp (NASDAQ:DENN), recently made a significant purchase of company stock at a crucial time, with shares trading near their 52-week low of $4.91 and down nearly 24% in the past week. According to a recent SEC filing, Bode acquired 9,740 shares on February 14 at a price of approximately $5.11 per share, totaling $49,804. According to InvestingPro analysis, the stock appears undervalued based on its Fair Value model.

In addition to this purchase, the filing also disclosed a transaction on February 12, where Bode received 635 shares of common stock as part of a payout from Denny's 2022 Long-Term Incentive Program. Furthermore, on the same day, he disposed of 189 shares at a price of $5.12 per share for a total of $967. InvestingPro subscribers can access 8 additional key insights about DENN, including detailed analysis of insider transactions and management actions.

These transactions reflect Bode's ongoing engagement with the company, as he now holds a total of 10,186 shares following these activities. With the stock trading at a P/E ratio of 11.8 and showing strong profitability metrics, these insider moves warrant attention from value investors.

In other recent news, Denny's Corporation has been in the spotlight following its fourth-quarter financial results. The company's performance indicated a slight miss on profitability, with adjusted earnings per share (EPS) falling $0.01 short of the consensus estimates. Denny's reported quarterly revenues of $114.7 million, which did not meet the anticipated $116 million. This shortfall was partly due to the company's accelerated closure of franchisee-operated restaurants during the fourth quarter, part of a strategy to eliminate 150 underperforming units by the end of 2025.

Benchmark analysts revised their price target for Denny's shares, lowering it to $8 from $10, while still maintaining a Buy rating. The adjustment was based on Denny's recent performance and conservative guidance for the fiscal year 2025. Despite the lower-than-expected results, Benchmark's continued Buy rating indicates a positive outlook on the stock's potential.

These are the latest developments for Denny's, which is also planning to accelerate closures of lower-volume restaurants while expanding its Keke's brand. The company's future performance will be critical in determining whether it can achieve the targets set forth in its fiscal year 2025 guidance.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.