Envestnet Asset Management Inc. Has $3.07 Million Holdings in Denny's Co. (NASDAQ:DENN)

Envestnet Asset Management Inc. decreased its holdings in Denny's Co. (NASDAQ:DENN - Free Report) by 16.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 506,694 shares of the restaurant operator's stock after selling 97,234 shares during the quarter. Envestnet Asset Management Inc. owned approximately 0.99% of Denny's worth $3,065,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of DENN. Boston Partners raised its position in Denny's by 2,820.6% in the 4th quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator's stock valued at $10,081,000 after purchasing an additional 1,608,854 shares during the last quarter. First Eagle Investment Management LLC raised its position in Denny's by 19.7% in the 4th quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator's stock valued at $10,077,000 after purchasing an additional 274,459 shares during the last quarter. Wellington Management Group LLP raised its position in Denny's by 20.7% in the 4th quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator's stock valued at $9,432,000 after purchasing an additional 267,694 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its position in Denny's by 24.9% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,265,381 shares of the restaurant operator's stock valued at $7,656,000 after purchasing an additional 251,874 shares during the last quarter. Finally, Royce & Associates LP bought a new stake in shares of Denny's during the fourth quarter worth $1,300,000. Institutional investors own 85.07% of the company's stock.

Denny's Stock Performance

NASDAQ:DENN traded up $0.04 on Monday, reaching $3.62. The company's stock had a trading volume of 633,915 shares, compared to its average volume of 899,807. Denny's Co. has a 1-year low of $2.85 and a 1-year high of $8.30. The firm has a market cap of $186.34 million, a PE ratio of 8.83 and a beta of 1.87. The business's 50-day moving average price is $3.86 and its two-hundred day moving average price is $5.41.

Denny's (NASDAQ:DENN - Get Free Report) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Denny's had a net margin of 4.77% and a negative return on equity of 50.01%. As a group, sell-side analysts expect that Denny's Co. will post 0.5 EPS for the current year.

Insider Buying and Selling at Denny's

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

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Wedbush dropped their target price on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a research report on Thursday, February 13th. StockNews.com downgraded Denny's from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Piper Sandler dropped their price objective on Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a report on Tuesday, February 18th. Citigroup dropped their price objective on Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a report on Thursday. Finally, Oppenheimer dropped their price objective on Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Two 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 has an average 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.