JCP Investment Management LLC Makes New Investment in Denny’s Corporation $DENN

JCP Investment Management LLC purchased a new stake in Denny’s Corporation (NASDAQ:DENN) in the 3rd quarter, HoldingsChannel reports. The fund purchased 829,491 shares of the restaurant operator’s stock, valued at approximately $4,338,000. Denny’s accounts for approximately 2.8% of JCP Investment Management LLC’s portfolio, making the stock its 10th biggest holding.

Several other institutional investors have also recently made changes to their positions in DENN. Boston Partners grew its stake in shares of Denny’s by 56.7% in the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after buying an additional 1,430,102 shares during the period. Geode Capital Management LLC raised its stake in Denny’s by 1.1% during the 2nd quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock worth $5,090,000 after buying an additional 13,816 shares during the period. Arrowstreet Capital Limited Partnership boosted its holdings in Denny’s by 9.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,184,952 shares of the restaurant operator’s stock worth $4,858,000 after acquiring an additional 98,654 shares in the last quarter. Skylands Capital LLC boosted its holdings in Denny’s by 12.4% in the third quarter. Skylands Capital LLC now owns 932,050 shares of the restaurant operator’s stock worth $4,875,000 after acquiring an additional 102,458 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its stake in Denny’s by 19.6% in the second quarter. Russell Investments Group Ltd. now owns 855,660 shares of the restaurant operator’s stock valued at $3,508,000 after acquiring an additional 140,128 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c-)” rating on shares of Denny’s in a report on Monday, December 29th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $5.54.

Denny’s Stock Performance

Denny’s stock opened at $6.25 on Monday. The firm has a market capitalization of $321.87 million, a price-to-earnings ratio of 31.25 and a beta of 1.37. The firm’s fifty day moving average price is $6.25 and its two-hundred day moving average price is $5.78. Denny’s Corporation has a 1-year low of $2.85 and a 1-year high of $7.66.

Denny’s Profile

Denny’s Corporation operates one of the largest full-service, family‐style restaurant chains in the United States, specializing in classic American diner fare. The company’s menu features breakfast, lunch and dinner offerings served around the clock, with signature items such as the Grand Slam breakfast, burgers, sandwiches and a variety of savory skillets. As a publicly traded entity under the symbol DENN on NASDAQ, Denny’s focuses on providing an accessible dining experience for a broad customer base, including families, travelers and late‐night diners.

The company’s business model combines both franchised and company‐owned locations.