Claret Asset Management Corp Has $1.93 Million Stock Position in Denny's Co. (NASDAQ:DENN)

Claret Asset Management Corp decreased its stake in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 24.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 319,561 shares of the restaurant operator's stock after selling 103,758 shares during the period. Claret Asset Management Corp owned 0.62% of Denny's worth $1,933,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in DENN. Marshall Wace LLP acquired a new stake in Denny's in the fourth quarter worth about $61,000. RPO LLC bought a new stake in shares of Denny's during the fourth quarter worth approximately $63,000. FMR LLC lifted its holdings in Denny's by 95.2% in the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator's stock valued at $79,000 after buying an additional 5,970 shares during the period. SG Americas Securities LLC boosted its stake in Denny's by 25.3% in the fourth quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator's stock valued at $141,000 after acquiring an additional 4,704 shares during the last quarter. Finally, Intech Investment Management LLC raised its position in shares of Denny's by 84.0% during the 4th quarter. Intech Investment Management LLC now owns 23,771 shares of the restaurant operator's stock valued at $144,000 after acquiring an additional 10,850 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Insiders Place Their Bets

In other news, CEO Kelli Valade bought 9,700 shares of the business's stock in a transaction that occurred 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 purchase, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Stephen C. Dunn purchased 9,815 shares of Denny's stock in a transaction that occurred on Wednesday, February 26th. The shares were acquired at an average price of $5.08 per share, with a total value of $49,860.20. Following the acquisition, the executive vice president now directly owns 113,666 shares of the company's stock, valued at $577,423.28. This trade represents a 9.45 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased 20,465 shares of company stock valued at $104,457 in the last 90 days. 4.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

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

Denny's Stock Performance

NASDAQ DENN traded up $0.16 during trading on Monday, hitting $3.27. The stock had a trading volume of 2,842,279 shares, compared to its average volume of 889,121. The company has a market capitalization of $168.33 million, a PE ratio of 7.98 and a beta of 1.87. Denny's Co. has a 12 month low of $2.85 and a 12 month high of $8.41. The company's 50-day moving average price is $4.02 and its two-hundred day moving average price is $5.50.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly 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 negative return on equity of 50.01% and a net margin of 4.77%. As a group, equities analysts anticipate 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.