JPMorgan Chase & Co. increased its stake in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 244.0% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 75,797 shares of the restaurant operator's stock after buying an additional 53,763 shares during the quarter. JPMorgan Chase & Co. owned about 0.15% of Denny's worth $489,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in DENN. Allspring Global Investments Holdings LLC boosted its holdings in Denny's by 6.9% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator's stock valued at $55,693,000 after purchasing an additional 558,964 shares during the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in Denny's by 73.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator's stock valued at $8,908,000 after purchasing an additional 583,660 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Denny's by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator's stock valued at $7,618,000 after purchasing an additional 3,902 shares during the last quarter. State Street Corp boosted its holdings in Denny's by 0.3% in the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator's stock valued at $7,585,000 after purchasing an additional 3,142 shares during the last quarter. Finally, Olstein Capital Management L.P. boosted its holdings in Denny's by 2.2% in the third quarter. Olstein Capital Management L.P. now owns 916,400 shares of the restaurant operator's stock valued at $5,911,000 after purchasing an additional 20,000 shares during the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.
Denny's Stock Performance
Shares of DENN traded down $0.51 during mid-day trading on Friday, hitting $4.86. 3,878,851 shares of the company were exchanged, compared to its average volume of 821,464. Denny's Co. has a 1-year low of $4.82 and a 1-year high of $9.56. The company has a 50 day moving average of $6.11 and a 200-day moving average of $6.28. The stock has a market cap of $249.46 million, a price-to-earnings ratio of 14.73, a price-to-earnings-growth ratio of 1.27 and a beta of 2.02.
Denny's (NASDAQ:DENN - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny's had a negative return on equity of 48.64% and a net margin of 3.90%. Research analysts anticipate that Denny's Co. will post 0.52 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
Several equities research analysts have commented on DENN shares. Wedbush lowered their price target on shares of Denny's from $10.00 to $8.50 and set an "outperform" rating on the stock in a report on Thursday. Truist Financial lowered their price target on shares of Denny's from $10.00 to $8.00 and set a "buy" rating on the stock in a report on Monday, October 28th. StockNews.com lowered shares of Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Benchmark lowered their target price on shares of Denny's from $15.00 to $10.00 and set a "buy" rating on the stock in a research note on Friday, October 25th. Finally, Citigroup lowered their target price on shares of Denny's from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $8.10.
Get Our Latest Stock Analysis on DENN
Denny's Company Profile
(
Free Report)
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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