Allspring Global Investments Holdings LLC Has $53.42 Million Stock Holdings in Denny’s Co. (NASDAQ:DENN)

Allspring Global Investments Holdings LLC cut its holdings in shares of Denny’s Co. (NASDAQ:DENN) by 1.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,520,310 shares of the restaurant operator’s stock after selling 114,204 shares during the period. Allspring Global Investments Holdings LLC owned about 16.60% of Denny’s worth $53,422,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Barclays PLC boosted its position in Denny’s by 342.5% during the 3rd quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock worth $531,000 after buying an additional 63,668 shares during the period. Geode Capital Management LLC boosted its position in Denny’s by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after buying an additional 3,902 shares during the period. JPMorgan Chase & Co. boosted its position in Denny’s by 244.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator’s stock worth $489,000 after buying an additional 53,763 shares during the period. Access Investment Management LLC acquired a new stake in Denny’s during the 3rd quarter worth approximately $1,387,000. Finally, Intech Investment Management LLC acquired a new stake in Denny’s during the 3rd quarter worth approximately $83,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently commented on DENN. Truist Financial cut their target price 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. Benchmark dropped their price target on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. Oppenheimer dropped their price target on shares of Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Finally, Citigroup dropped their price target on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating on the stock in a research report on Thursday. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $8.10.

Denny’s Stock Up 4.9 %

NASDAQ:DENN opened at $5.37 on Friday. The company has a fifty day moving average of $6.14 and a 200-day moving average of $6.31. The firm has a market capitalization of $275.64 million, a P/E ratio of 16.27, a P/E/G ratio of 1.27 and a beta of 2.02. Denny’s Co. has a twelve month low of $4.91 and a twelve month high of $9.56.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. On average, analysts anticipate that Denny’s Co. will post 0.52 EPS for the current fiscal year.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.