TD Asset Management Inc. Has $1.67 Million Holdings in Denny’s Corporation (DENN)
TD Asset Management Inc. grew its holdings in shares of Denny’s Corporation (NASDAQ:DENN) by 10.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 134,100 shares of the restaurant operator’s stock after acquiring an additional 12,592 shares during the quarter. TD Asset Management Inc. owned about 0.21% of Denny’s worth $1,670,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. PNC Financial Services Group Inc. boosted its position in Denny’s by 68.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 4,041 shares during the period. LMR Partners LLP acquired a new position in Denny’s during the 3rd quarter worth $127,000. BNP Paribas Arbitrage SA boosted its position in Denny’s by 939.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 10,282 shares during the period. Menta Capital LLC acquired a new position in Denny’s during the 2nd quarter worth $172,000. Finally, Rice Hall James & Associates LLC boosted its position in Denny’s by 1.0% during the 2nd quarter. Rice Hall James & Associates LLC now owns 16,066 shares of the restaurant operator’s stock worth $189,000 after acquiring an additional 161 shares during the period. Institutional investors own 91.53% of the company’s stock.
A number of analysts have recently commented on the company. Zacks Investment Research raised Denny’s from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. TheStreet raised Denny’s from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. Finally, BidaskClub downgraded Denny’s from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $12.67.
Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.14 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.14. Denny’s had a negative return on equity of 52.30% and a net margin of 7.21%. The company had revenue of $132.38 million for the quarter, compared to the consensus estimate of $133.58 million. During the same quarter in the previous year, the business earned $0.13 EPS. The company’s quarterly revenue was up 3.1% compared to the same quarter last year. research analysts forecast that Denny’s Corporation will post 0.55 earnings per share for the current fiscal year.
In other news, EVP F Mark Wolfinger sold 16,006 shares of the business’s stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $13.31, for a total transaction of $213,039.86. Following the sale, the executive vice president now directly owns 682,697 shares of the company’s stock, valued at $9,086,697.07. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Timothy E. Flemming sold 37,000 shares of the business’s stock in a transaction on Thursday, November 16th. The stock was sold at an average price of $12.54, for a total value of $463,980.00. Following the sale, the vice president now directly owns 161,741 shares in the company, valued at $2,028,232.14. The disclosure for this sale can be found here. Insiders sold a total of 108,731 shares of company stock worth $1,399,257 in the last three months. Company insiders own 5.20% of the company’s stock.
Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.
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