Denny’s Co. (NASDAQ:DENN) Stock Holdings Lowered by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC lowered its stake in Denny’s Co. (NASDAQ:DENN) by 11.3% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 47,160 shares of the restaurant operator’s stock after selling 6,000 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Denny’s were worth $304,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of DENN. BNP Paribas Financial Markets lifted its holdings in Denny’s by 20.7% in the first quarter. BNP Paribas Financial Markets now owns 42,593 shares of the restaurant operator’s stock worth $382,000 after purchasing an additional 7,309 shares during the period. Russell Investments Group Ltd. lifted its holdings in Denny’s by 19.9% in the first quarter. Russell Investments Group Ltd. now owns 267,357 shares of the restaurant operator’s stock worth $2,396,000 after purchasing an additional 44,414 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in Denny’s by 87.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 29,189 shares of the restaurant operator’s stock worth $262,000 after purchasing an additional 13,600 shares during the period. Vanguard Group Inc. lifted its holdings in Denny’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock worth $29,885,000 after purchasing an additional 89,465 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its holdings in Denny’s by 56.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 122,850 shares of the restaurant operator’s stock worth $1,102,000 after purchasing an additional 44,163 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on DENN shares. Truist Financial reduced their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th. Oppenheimer cut their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Wedbush cut their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Finally, Benchmark cut their price target on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $7.70.

Denny’s Trading Up 0.3 %

DENN stock opened at $6.54 on Monday. Denny’s Co. has a one year low of $5.37 and a one year high of $11.16. The firm has a market capitalization of $335.70 million, a PE ratio of 19.82, a P/E/G ratio of 1.39 and a beta of 2.02. The firm has a 50-day moving average of $6.46 and a two-hundred day moving average of $6.75.

Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The business had revenue of $111.76 million during the quarter, compared to analyst estimates of $115.46 million. Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. Denny’s’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.17 EPS. On average, equities research analysts anticipate that Denny’s Co. will post 0.52 earnings per share for the current year.

Denny’s Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.