Denny's Co. (NASDAQ:DENN) Shares Acquired by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 122.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 168,779 shares of the restaurant operator's stock after purchasing an additional 92,982 shares during the period. JPMorgan Chase & Co. owned about 0.33% of Denny's worth $1,021,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently modified their holdings of the company. EntryPoint Capital LLC increased its stake in Denny's by 138.8% during the 4th quarter. EntryPoint Capital LLC now owns 25,783 shares of the restaurant operator's stock worth $156,000 after buying an additional 14,985 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Denny's by 107.0% in the fourth quarter. Prudential Financial Inc. now owns 280,381 shares of the restaurant operator's stock worth $1,696,000 after acquiring an additional 144,900 shares during the last quarter. Boston Partners increased its position in shares of Denny's by 2,820.6% during the fourth quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator's stock worth $10,081,000 after purchasing an additional 1,608,854 shares in the last quarter. Intech Investment Management LLC raised its stake in Denny's by 84.0% in the 4th quarter. Intech Investment Management LLC now owns 23,771 shares of the restaurant operator's stock valued at $144,000 after purchasing an additional 10,850 shares during the last quarter. Finally, Royce & Associates LP purchased a new position in Denny's in the 4th quarter valued at $1,300,000. Institutional investors and hedge funds own 85.07% of the company's stock.

Insider Buying and Selling

In related news, CEO Kelli Valade acquired 9,700 shares of the stock in a transaction dated Thursday, February 20th. The stock was acquired at an average cost of $5.13 per share, with a total value 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 position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Stephen C. Dunn purchased 9,815 shares of the firm's stock in a transaction that occurred on Wednesday, February 26th. The stock was purchased at an average price of $5.08 per share, with a total value of $49,860.20. Following the purchase, the executive vice president now directly owns 113,666 shares of the company's stock, valued at $577,423.28. The trade was a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased 20,465 shares of company stock valued at $104,457 in the last three months. 4.20% of the stock is owned by corporate insiders.

Denny's Trading Up 2.0 %

Shares of DENN opened at $3.58 on Monday. The firm has a market cap of $184.28 million, a P/E ratio of 8.73 and a beta of 1.87. The company's 50-day moving average price is $3.89 and its 200 day moving average price is $5.43. Denny's Co. has a 12-month low of $2.85 and a 12-month high of $8.30.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share (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%. Equities research analysts forecast that Denny's Co. will post 0.5 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently commented on DENN. StockNews.com cut shares of Denny's from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Oppenheimer cut their price objective on shares of Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Wedbush lowered 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. Piper Sandler cut their price target on Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Finally, Citigroup lowered their price objective on Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a research note on Thursday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Denny's currently has a consensus rating of "Moderate Buy" and an average target price of $7.63.

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.

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