Los Angeles Capital Management LLC Takes $81,000 Position in Denny’s Corporation $DENN

Los Angeles Capital Management LLC acquired a new position in Denny’s Corporation (NASDAQ:DENN) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 19,695 shares of the restaurant operator’s stock, valued at approximately $81,000.

Other institutional investors also recently bought and sold shares of the company. XTX Topco Ltd raised its position in Denny’s by 6.8% during the 1st quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 2,601 shares in the last quarter. Fruth Investment Management increased its stake in shares of Denny’s by 13.2% during the second quarter. Fruth Investment Management now owns 30,000 shares of the restaurant operator’s stock valued at $123,000 after buying an additional 3,500 shares during the period. CWM LLC increased its stake in shares of Denny’s by 217.7% during the first quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 4,608 shares during the period. Vontobel Holding Ltd. raised its holdings in shares of Denny’s by 45.1% in the second quarter. Vontobel Holding Ltd. now owns 23,897 shares of the restaurant operator’s stock valued at $98,000 after acquiring an additional 7,430 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Denny’s by 3.9% in the first quarter. Bank of New York Mellon Corp now owns 217,322 shares of the restaurant operator’s stock worth $798,000 after acquiring an additional 8,159 shares during the period. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

DENN has been the subject of several recent research reports. Truist Financial restated a “hold” rating and issued a $6.00 price target on shares of Denny’s in a report on Tuesday, November 4th. Oppenheimer lowered shares of Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Piper Sandler set a $4.00 price objective on shares of Denny’s and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday, October 8th. Finally, Benchmark downgraded Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $5.96.

Denny’s Trading Down 0.2%

Shares of DENN opened at $6.13 on Wednesday. The firm has a market cap of $315.69 million, a PE ratio of 19.77 and a beta of 1.60. Denny’s Corporation has a 12 month low of $2.85 and a 12 month high of $7.66. The stock has a fifty day moving average price of $5.24 and a 200-day moving average price of $4.54.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.11 by ($0.03). Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The business had revenue of $113.24 million for the quarter, compared to analysts’ expectations of $116.91 million. During the same quarter last year, the firm earned $0.14 earnings per share. The firm’s quarterly revenue was up 202.6% compared to the same quarter last year. As a group, research analysts forecast that Denny’s Corporation will post 0.5 EPS for the current year.

Insider Buying and Selling at Denny’s

In related news, insider Jumana Capital Investments Llc acquired 250,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were purchased at an average price of $4.08 per share, for a total transaction of $1,020,000.00. Following the completion of the acquisition, the insider directly owned 4,524,905 shares in the company, valued at $18,461,612.40. The trade was a 5.85% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders bought a total of 433,307 shares of company stock worth $1,945,837 in the last 90 days. 4.20% of the stock is currently owned by insiders.

About Denny’s

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.