Wellington Management Group LLP Has $8.33 Million Position in Denny's Co. (NASDAQ:DENN)

Wellington Management Group LLP cut its position in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 58.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,291,369 shares of the restaurant operator's stock after selling 1,785,323 shares during the period. Wellington Management Group LLP owned 2.52% of Denny's worth $8,329,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. State Street Corp increased its holdings in shares of Denny's by 0.3% during the 3rd quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator's stock worth $7,585,000 after acquiring an additional 3,142 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of Denny's by 73.2% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator's stock worth $8,908,000 after buying an additional 583,660 shares during the period. FMR LLC raised its holdings in Denny's by 95.2% in the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator's stock valued at $79,000 after acquiring an additional 5,970 shares during the period. Intech Investment Management LLC bought a new stake in shares of Denny's during the third quarter worth approximately $83,000. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Denny's in the third quarter valued at approximately $193,000. 85.07% of the stock is owned by institutional investors.

Denny's Price Performance

DENN traded up $0.12 on Monday, hitting $6.39. 505,652 shares of the stock were exchanged, compared to its average volume of 597,848. The firm has a market capitalization of $328.00 million, a price-to-earnings ratio of 19.36, a PEG ratio of 1.33 and a beta of 2.01. Denny's Co. has a 12 month low of $5.37 and a 12 month high of $11.16. The business has a 50-day moving average of $6.44 and a two-hundred day moving average of $6.55.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). The firm had revenue of $111.76 million for the quarter, compared to the consensus estimate of $115.46 million. Denny's had a negative return on equity of 48.64% and a net margin of 3.90%. The business's revenue was down 2.1% on a year-over-year basis. During the same period last year, the company posted $0.17 EPS. Equities research analysts expect that Denny's Co. will post 0.52 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on the company. Citigroup raised Denny's from a "neutral" rating to a "buy" rating and upped their price objective for the company from $7.00 to $7.50 in a report on Friday, October 25th. Wedbush decreased their price target on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research note on Wednesday, October 23rd. Benchmark lowered their price target on shares of Denny's from $15.00 to $10.00 and set a "buy" rating on the stock in a research report on Friday, October 25th. Oppenheimer cut their price objective on shares of Denny's from $10.00 to $7.00 and set an "outperform" rating for the company in a report on Wednesday, October 23rd. Finally, StockNews.com raised shares of Denny's from a "hold" rating to a "buy" rating in a report on Wednesday, December 11th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company's stock. According to MarketBeat, Denny's has an average rating of "Moderate Buy" and a consensus price target of $7.70.

Denny's Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.