Vanguard Group Inc. Has $27.72 Million Stake in Denny’s Co. (NASDAQ:DENN)

Vanguard Group Inc. lifted its holdings in Denny’s Co. (NASDAQ:DENN) by 3.4% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,273,187 shares of the restaurant operator’s stock after acquiring an additional 108,758 shares during the quarter. Vanguard Group Inc. owned approximately 6.17% of Denny’s worth $27,724,000 at the end of the most recent reporting period.

A number of other large investors have also bought and sold shares of the business. First Eagle Investment Management LLC grew its holdings in shares of Denny’s by 43.6% during the third quarter. First Eagle Investment Management LLC now owns 815,485 shares of the restaurant operator’s stock worth $6,907,000 after purchasing an additional 247,470 shares during the last quarter. Aigen Investment Management LP bought a new stake in Denny’s during the 3rd quarter worth about $495,000. Earnest Partners LLC increased its position in Denny’s by 17.4% in the 3rd quarter. Earnest Partners LLC now owns 1,545,902 shares of the restaurant operator’s stock valued at $13,094,000 after acquiring an additional 228,709 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in Denny’s by 3.8% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,049,458 shares of the restaurant operator’s stock valued at $68,179,000 after acquiring an additional 296,554 shares in the last quarter. Finally, Olympiad Research LP acquired a new position in shares of Denny’s during the third quarter worth approximately $239,000. 85.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director John C. Miller sold 35,359 shares of the business’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $9.25, for a total value of $327,070.75. Following the completion of the transaction, the director now owns 740,626 shares of the company’s stock, valued at approximately $6,850,790.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 5.50% of the company’s stock.

Denny’s Stock Down 1.1 %

Shares of Denny’s stock opened at $8.41 on Friday. Denny’s Co. has a 12 month low of $8.11 and a 12 month high of $12.53. The business has a fifty day simple moving average of $9.15 and a 200 day simple moving average of $9.52. The stock has a market cap of $446.57 million, a PE ratio of 24.03, a price-to-earnings-growth ratio of 1.46 and a beta of 1.93.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.03). Denny’s had a negative return on equity of 70.78% and a net margin of 4.30%. The company had revenue of $115.40 million for the quarter, compared to analyst estimates of $115.67 million. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Denny’s’s quarterly revenue was down 4.5% compared to the same quarter last year. Analysts expect that Denny’s Co. will post 0.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DENN has been the subject of a number of research reports. Wedbush lowered their price target on shares of Denny’s from $11.00 to $10.50 and set a “neutral” rating for the company in a report on Wednesday, February 14th. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Truist Financial decreased their price target on Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a report on Wednesday, February 14th. Finally, Oppenheimer dropped their price objective on Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a report on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.92.

About Denny’s

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.