Charles Schwab Investment Management Inc. Sells 105,338 Shares of Denny's Co. (NASDAQ:DENN)

Charles Schwab Investment Management Inc. lowered its stake in Denny's Co. (NASDAQ:DENN - Free Report) by 16.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 529,182 shares of the restaurant operator's stock after selling 105,338 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.03% of Denny's worth $3,202,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in shares of Denny's by 5.0% during the 4th quarter. Bank of New York Mellon Corp now owns 209,163 shares of the restaurant operator's stock worth $1,265,000 after buying an additional 10,007 shares in the last quarter. Skylands Capital LLC raised its holdings in Denny's by 28.6% during the fourth quarter. Skylands Capital LLC now owns 570,000 shares of the restaurant operator's stock worth $3,448,000 after purchasing an additional 126,850 shares in the last quarter. Access Investment Management LLC lifted its position in Denny's by 1.5% in the fourth quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator's stock worth $1,320,000 after purchasing an additional 3,135 shares during the period. SG Americas Securities LLC boosted its stake in Denny's by 25.3% during the 4th quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator's stock valued at $141,000 after purchasing an additional 4,704 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of Denny's by 244.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator's stock valued at $489,000 after purchasing an additional 53,763 shares during the period. Institutional investors own 85.07% of the company's stock.

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Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. Wedbush cut their price objective on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a report on Thursday, February 13th. Oppenheimer reduced their price objective on shares of Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Piper Sandler dropped 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. Citigroup reduced their target price 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. Finally, StockNews.com lowered shares of Denny's from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $7.75.

Insider Activity

In related news, EVP Stephen C. Dunn bought 9,815 shares of the business's stock in a transaction on Wednesday, February 26th. The stock was bought at an average price of $5.08 per share, for a total transaction of $49,860.20. Following the transaction, the executive vice president now directly owns 113,666 shares in the company, valued at $577,423.28. This represents a 9.45 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Kelli Valade purchased 9,700 shares of the stock in a transaction dated Thursday, February 20th. The shares were bought at an average price of $5.13 per share, for a total transaction of $49,761.00. Following the completion of the acquisition, 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 quarter, insiders have acquired 20,465 shares of company stock worth $104,457. 4.20% of the stock is owned by corporate insiders.

Denny's Trading Down 5.2 %

Shares of DENN traded down $0.20 during midday trading on Monday, hitting $3.67. The stock had a trading volume of 1,573,822 shares, compared to its average volume of 827,477. The business has a 50-day simple moving average of $5.11 and a two-hundred day simple moving average of $5.89. The firm has a market cap of $189.41 million, a P/E ratio of 8.95 and a beta of 2.08. Denny's Co. has a fifty-two week low of $3.66 and a fifty-two week high of $9.01.

Denny's (NASDAQ:DENN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Denny's had a negative return on equity of 50.01% and a net margin of 4.77%. On average, analysts expect that Denny's Co. will post 0.5 earnings per share for the current fiscal 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.