Denny’s Co. (NASDAQ:DENN) Position Boosted by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC increased its holdings in Denny’s Co. (NASDAQ:DENN) by 22.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 93,440 shares of the restaurant operator’s stock after purchasing an additional 17,430 shares during the quarter. Rice Hall James & Associates LLC owned 0.18% of Denny’s worth $603,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in DENN. Quest Partners LLC bought a new position in shares of Denny’s in the second quarter valued at $25,000. CWM LLC raised its position in shares of Denny’s by 726.2% during the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after purchasing an additional 3,239 shares during the period. Quarry LP lifted its holdings in shares of Denny’s by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new position in shares of Denny’s in the 2nd quarter valued at $31,000. Finally, Sanctuary Advisors LLC purchased a new position in Denny’s in the 2nd quarter worth about $77,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DENN has been the subject of a number of analyst reports. Wedbush reduced their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer reduced their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. Truist Financial lowered their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and raised their target price for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Finally, Benchmark dropped their price target on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Denny’s has a consensus rating of “Moderate Buy” and an average target price of $7.70.

Denny’s Stock Up 1.6 %

Denny’s stock opened at $6.51 on Friday. Denny’s Co. has a 12 month low of $5.37 and a 12 month high of $11.16. The stock has a market cap of $334.16 million, a P/E ratio of 19.73, a P/E/G ratio of 1.36 and a beta of 2.02. The company’s fifty day simple moving average is $6.35 and its 200-day simple moving average is $6.87.

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

Denny’s Company 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.