Prudential Financial Inc. Increases Position in Denny's Co. (NASDAQ:DENN)

Prudential Financial Inc. increased its holdings in Denny's Co. (NASDAQ:DENN - Free Report) by 107.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 280,381 shares of the restaurant operator's stock after buying an additional 144,900 shares during the period. Prudential Financial Inc. owned 0.55% of Denny's worth $1,696,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in DENN. Boston Partners grew its stake 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 valued at $10,081,000 after buying an additional 1,608,854 shares during the last quarter. First Eagle Investment Management LLC boosted its position in shares of 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 worth $10,077,000 after purchasing an additional 274,459 shares in the last quarter. Royce & Associates LP bought a new stake in shares of Denny's in the 4th quarter worth approximately $1,300,000. Skylands Capital LLC lifted its position in Denny's by 28.6% in the 4th quarter. Skylands Capital LLC now owns 570,000 shares of the restaurant operator's stock valued at $3,448,000 after acquiring an additional 126,850 shares in the last quarter. Finally, XTX Topco Ltd lifted its position in Denny's by 588.2% in the 3rd quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator's stock valued at $564,000 after acquiring an additional 74,760 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

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Denny's Stock Down 2.2 %

DENN stock traded down $0.07 during trading on Thursday, hitting $3.09. 262,743 shares of the company's stock traded hands, compared to its average volume of 1,439,439. The business has a fifty day simple moving average of $4.56 and a two-hundred day simple moving average of $5.70. Denny's Co. has a 1 year low of $2.85 and a 1 year high of $8.55. The firm has a market capitalization of $159.06 million, a P/E ratio of 7.54 and a beta of 1.87.

Denny's (NASDAQ:DENN - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The restaurant operator reported $0.14 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%. On average, equities research analysts predict that Denny's Co. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

DENN has been the subject of several analyst reports. Wedbush reduced their price objective on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Oppenheimer cut their price target on Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. 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 report on Tuesday, February 18th. StockNews.com downgraded shares of Denny's from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Finally, Citigroup lowered their price target on shares of Denny's from $8.00 to $7.00 and set a "buy" rating for the company in a report on Thursday, February 13th. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $7.75.

Insider Buying and Selling at Denny's

In related news, EVP Stephen C. Dunn bought 9,815 shares of the business's stock in a transaction dated Wednesday, February 26th. The stock was acquired at an average price of $5.08 per share, with a total value of $49,860.20. Following the completion of the purchase, 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 purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kelli Valade acquired 9,700 shares of the company's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $5.13 per share, with a total value of $49,761.00. Following the purchase, 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 disclosure for this purchase can be found here. Over the last quarter, insiders bought 20,465 shares of company stock valued at $104,457. Corporate insiders own 4.20% of the company's stock.

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.