2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. boosted its holdings in shares of Denny’s Co. ( NASDAQ:DENN – Free Report ) by 99.
7% in the 4th quarter, Holdings Channel.com reports. The fund owned 1,138,473 shares of the restaurant operator’s stock after buying an additional 568,266 shares during the quarter.
Russell Investments Group Ltd.’s holdings in Denny’s were worth $6,888,000 at the end of the most recent quarter. Several other large investors have also modified their holdings of the business.
RPO LLC acquired a new position in shares of Denny’s in the 4th quarter worth approximately $63,000. FMR LLC lifted its stake in Denny’s by 95.2% during the third quarter.
FMR LLC now owns 12,239 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 5,970 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Denny’s by 25.3% during the fourth quarter.
SG Americas Securities LLC now owns 23,272 shares of the restaurant operator’s stock worth $141,000 after buying an additional 4,704 shares during the period. Intech Investment Management LLC grew its stake in shares of Denny’s by 84.0% in the fourth quarter.
Intech Investment Management LLC now owns 23,771 shares of the restaurant operator’s stock valued at $144,000 after buying an additional 10,850 shares in the last quarter. Finally, EntryPoint Capital LLC raised its holdings in shares of Denny’s by 138.8% in the 4th quarter.
EntryPoint Capital LLC now owns 25,783 shares of the restaurant operator’s stock valued at $156,000 after buying an additional 14,985 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.
Analyst Upgrades and Downgrades DENN has been the subject of a number of research analyst reports. Wedbush lowered their target price on Denny’s from $10.00 to $8.
50 and set an “outperform” rating for the company in a report on Thursday, February 13th. Citigroup dropped their price objective on shares of Denny’s from $8.00 to $7.
00 and set a “buy” rating for the company in a report on Thursday, February 13th. Piper Sandler reduced their target price on shares of Denny’s from $7.00 to $6.
00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th.
Finally, Oppenheimer reduced their price objective on Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th.
Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Denny’s has a consensus rating of “Moderate Buy” and an average price target of $7.75.
Insiders Place Their Bets In related news, CEO Kelli Valade purchased 9,700 shares of the company’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $5.13 per share, for a total transaction of $49,761.
00. Following the completion of the purchase, the chief executive officer now directly owns 192,806 shares of the company’s stock, valued at approximately $989,094.78.
This trade represents a 5.30 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link .
Also, EVP Stephen C. Dunn acquired 9,815 shares of the business’s stock in a transaction on Wednesday, February 26th. The shares were bought at an average cost of $5.
08 per share, for a total transaction of $49,860.20. Following the acquisition, the executive vice president now owns 113,666 shares of the company’s stock, valued at $577,423.
28. This represents a 9.45 % increase in their position.
The disclosure for this purchase can be found here . Insiders acquired 20,465 shares of company stock valued at $104,457 in the last ninety days. Insiders own 4.
20% of the company’s stock. Denny’s Stock Down 3.5 % Shares of Denny’s stock opened at $2.
99 on Monday. Denny’s Co. has a 52-week low of $2.
85 and a 52-week high of $8.50. The company has a market capitalization of $153.
91 million, a P/E ratio of 7.29 and a beta of 1.87.
The company has a 50 day moving average of $4.43 and a 200 day moving average of $5.64.
Denny’s ( NASDAQ:DENN – Get Free Report ) last announced its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.
15 by ($0.01). Denny’s had a net margin of 4.
77% and a negative return on equity of 50.01%. As a group, research analysts anticipate that Denny’s Co.
will post 0.5 earnings per share for the current fiscal year. Denny’s Company Profile ( Free Report ) 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. See Also Want to see what other hedge funds are holding DENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denny’s Co.
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