Barclays PLC Grows Stock Position in Denny's Co. (NASDAQ:DENN)

Barclays PLC lifted its holdings in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 342.5% during the third quarter, according to its most recent disclosure with the SEC. The fund owned 82,257 shares of the restaurant operator's stock after acquiring an additional 63,668 shares during the period. Barclays PLC owned approximately 0.16% of Denny's worth $531,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DENN. Allspring Global Investments Holdings LLC raised its holdings in shares of Denny's by 6.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator's stock worth $55,693,000 after purchasing an additional 558,964 shares during the last quarter. Hotchkis & Wiley Capital Management LLC grew its position in Denny's by 73.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator's stock worth $8,908,000 after purchasing an additional 583,660 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Denny's by 14.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator's stock valued at $8,938,000 after buying an additional 155,100 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Denny's by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator's stock valued at $7,618,000 after buying an additional 3,902 shares during the period. Finally, State Street Corp boosted its stake in shares of Denny's by 0.3% in the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator's stock worth $7,585,000 after buying an additional 3,142 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the company. Truist Financial decreased their price target on Denny's from $10.00 to $8.00 and set a "buy" rating for the company in a report on Monday, October 28th. Wedbush dropped their price target on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Benchmark cut their price target on Denny's from $15.00 to $10.00 and set a "buy" rating for the company in a research note on Friday, October 25th. Finally, Citigroup upgraded Denny's from a "neutral" rating to a "buy" rating and increased their price target for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $7.90.

Denny's Trading Up 2.6 %

DENN traded up $0.15 on Friday, hitting $5.93. 1,216,780 shares of the company's stock were exchanged, compared to its average volume of 589,055. The firm has a 50-day moving average price of $6.19 and a 200-day moving average price of $6.40. The stock has a market cap of $304.39 million, a price-to-earnings ratio of 17.97, a P/E/G ratio of 1.07 and a beta of 2.01. Denny's Co. has a fifty-two week low of $5.37 and a fifty-two week high of $11.16.

Denny's (NASDAQ:DENN - Get Free Report) last released its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The business had revenue of $111.76 million during the quarter, compared to analysts' expectations of $115.46 million. Denny's had a negative return on equity of 48.64% and a net margin of 3.90%. The company's revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period last year, the business earned $0.17 earnings per share. On average, equities analysts predict that Denny's Co. will post 0.52 EPS for the current year.

Denny's Profile

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.