Denny's Co. (NASDAQ:DENN) Shares Acquired by Boston Partners

Boston Partners grew its stake in Denny's Co. (NASDAQ:DENN - Free Report) by 2,820.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,665,893 shares of the restaurant operator's stock after acquiring an additional 1,608,854 shares during the quarter. Boston Partners owned about 3.25% of Denny's worth $10,081,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Access Investment Management LLC lifted its holdings in Denny's by 1.5% in the 4th quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator's stock valued at $1,320,000 after purchasing an additional 3,135 shares in the last quarter. State Street Corp raised its position 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 valued at $7,585,000 after buying an additional 3,142 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Denny's by 0.3% in the third 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 last quarter. SG Americas Securities LLC boosted its position in 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 acquiring an additional 4,704 shares during the last quarter. Finally, FMR LLC boosted its position 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 acquiring an additional 5,970 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

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Denny's Trading Down 0.8 %

NASDAQ:DENN traded down $0.03 during mid-day trading on Tuesday, hitting $3.95. The company had a trading volume of 1,794,955 shares, compared to its average volume of 792,916. The business has a fifty day simple moving average of $5.30 and a 200-day simple moving average of $5.96. The firm has a market capitalization of $203.86 million, a price-to-earnings ratio of 9.63 and a beta of 2.08. Denny's Co. has a 1 year low of $3.80 and a 1 year high of $9.25.

Denny's (NASDAQ:DENN - Get Free Report) last announced its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate 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 year.

Analysts Set New Price Targets

A number of research analysts have weighed in on DENN shares. Piper Sandler reduced their price target on Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 18th. Wedbush reduced their target price on Denny's from $10.00 to $8.50 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Citigroup lowered their price target on Denny's from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, February 13th. 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 cut their price objective on Denny's from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Denny's has an average rating of "Moderate Buy" and an average price target of $7.75.

Insider Transactions at Denny's

In other Denny's news, EVP Stephen C. Dunn acquired 9,815 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.08 per share, for a total transaction of $49,860.20. Following the purchase, the executive vice president now directly owns 113,666 shares in the company, valued at $577,423.28. This trade represents a 9.45 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Kelli Valade bought 9,700 shares of the business's stock in a transaction on Thursday, February 20th. The stock was acquired at an average cost of $5.13 per share, for a total transaction of $49,761.00. Following the completion of the transaction, the chief executive officer now owns 192,806 shares in the company, valued at $989,094.78. This represents a 5.30 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last three months, insiders have bought 20,465 shares of company stock valued at $104,457. Corporate insiders own 4.20% of the company's stock.

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.