Wells Fargo & Company MN Has $2.59 Million Stock Holdings in Denny's Co. (NASDAQ:DENN)

Wells Fargo & Company MN trimmed its holdings in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 20.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 427,747 shares of the restaurant operator's stock after selling 107,603 shares during the period. Wells Fargo & Company MN owned 0.83% of Denny's worth $2,588,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of DENN. RPO LLC bought a new position in shares of Denny's in the fourth quarter valued at about $63,000. SG Americas Securities LLC increased its position in Denny's by 25.3% in the 4th 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 in the last quarter. Intech Investment Management LLC raised its stake in shares of Denny's by 84.0% in the fourth quarter. Intech Investment Management LLC now owns 23,771 shares of the restaurant operator's stock worth $144,000 after acquiring an additional 10,850 shares during the last quarter. EntryPoint Capital LLC lifted its position in shares of Denny's by 138.8% during the fourth quarter. EntryPoint Capital LLC now owns 25,783 shares of the restaurant operator's stock worth $156,000 after purchasing an additional 14,985 shares in the last quarter. Finally, Trexquant Investment LP grew its stake in shares of Denny's by 50.5% during the fourth quarter. Trexquant Investment LP now owns 75,079 shares of the restaurant operator's stock valued at $454,000 after purchasing an additional 25,200 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Insider Buying and Selling

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

Denny's Price Performance

Shares of Denny's stock traded up $0.04 on Monday, hitting $3.62. The company had a trading volume of 633,915 shares, compared to its average volume of 899,806. Denny's Co. has a twelve month low of $2.85 and a twelve month high of $8.30. The stock has a 50-day moving average of $3.89 and a 200-day moving average of $5.43. The firm has a market capitalization of $186.34 million, a P/E ratio of 8.83 and a beta of 1.87.

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

Wall Street Analysts Forecast Growth

DENN has been the subject of several research analyst reports. Piper Sandler dropped 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. Oppenheimer dropped their target price on Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Citigroup decreased their price target on Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a report on Thursday. StockNews.com downgraded shares of Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Wedbush lowered their target price on shares of Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a report on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Denny's presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.63.

Denny's Company 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.