Denny’s Co. (NASDAQ:DENN) Shares Acquired by Rice Hall James & Associates LLC

Rice Hall James & Associates LLC increased its position in Denny’s Co. (NASDAQ:DENN) by 3.8% in the second quarter, Holdings Channel reports. The firm owned 76,010 shares of the restaurant operator’s stock after purchasing an additional 2,775 shares during the quarter. Rice Hall James & Associates LLC’s holdings in Denny’s were worth $540,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in Denny’s in the second quarter valued at approximately $25,000. CWM LLC boosted its stake in Denny’s by 726.2% in the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 3,239 shares during the period. Quadrant Capital Group LLC boosted its stake in Denny’s by 126.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock valued at $49,000 after acquiring an additional 2,536 shares during the period. Trexquant Investment LP acquired a new position in Denny’s in the fourth quarter valued at approximately $136,000. Finally, Boston Partners acquired a new position in Denny’s in the first quarter valued at approximately $193,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on DENN shares. Oppenheimer decreased their target price on Denny’s from $11.00 to $10.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Wedbush cut their price objective on shares of Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Benchmark reissued a “buy” rating and set a $15.00 target price on shares of Denny’s in a research note on Wednesday, July 31st. Finally, Truist Financial reduced their target price on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $10.40.

Denny’s Stock Up 0.3 %

Denny’s stock opened at $5.86 on Friday. The firm has a 50-day moving average price of $6.53 and a two-hundred day moving average price of $7.49. The firm has a market capitalization of $301.03 million, a price-to-earnings ratio of 13.63, a PEG ratio of 1.23 and a beta of 2.02. Denny’s Co. has a 52-week low of $5.59 and a 52-week high of $11.16.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, July 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The firm had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.98 million. Denny’s had a net margin of 4.19% and a negative return on equity of 57.37%. The company’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.14 earnings per share. Research analysts expect that Denny’s Co. will post 0.55 earnings per share for the current year.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.