Denny's Co. (NASDAQ:DENN) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its stake in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 20.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,559,063 shares of the restaurant operator's stock after purchasing an additional 267,694 shares during the quarter. Wellington Management Group LLP owned approximately 3.04% of Denny's worth $9,432,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Boston Partners grew its position 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 worth $10,081,000 after buying an additional 1,608,854 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in Denny's by 19.7% during 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 acquiring an additional 274,459 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of 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. Royce & Associates LP acquired a new stake in shares of Denny's in the 4th quarter valued at $1,300,000. Finally, Prudential Financial Inc. raised its holdings in shares of Denny's by 107.0% in the 4th quarter. Prudential Financial Inc. now owns 280,381 shares of the restaurant operator's stock valued at $1,696,000 after purchasing an additional 144,900 shares in the last quarter. Hedge funds and other institutional investors own 85.07% of the company's stock.

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Insider Buying and Selling

In related news, EVP Stephen C. Dunn bought 9,815 shares of the stock in a transaction on 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 purchase, the executive vice president now owns 113,666 shares of the company's stock, valued at $577,423.28. This trade represents a 9.45 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Kelli Valade bought 9,700 shares of the company's stock in a transaction dated Thursday, February 20th. The stock was bought at an average cost of $5.13 per share, for a total transaction of $49,761.00. Following the acquisition, the chief executive officer now owns 192,806 shares of the company's stock, valued at approximately $989,094.78. This trade represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. Insiders have purchased a total of 20,465 shares of company stock valued at $104,457 over the last quarter. 4.20% of the stock is currently owned by insiders.

Denny's Stock Performance

NASDAQ DENN traded down $0.02 on Tuesday, reaching $3.07. The stock had a trading volume of 112,961 shares, compared to its average volume of 871,007. The stock has a market cap of $157.98 million, a P/E ratio of 7.48 and a beta of 1.87. The business's 50-day moving average price is $4.36 and its 200 day moving average price is $5.62. Denny's Co. has a 12-month low of $2.85 and a 12-month high of $8.50.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly 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%. On average, sell-side analysts predict that Denny's Co. will post 0.5 earnings per share for the current year.

Analysts Set New Price Targets

Several research firms recently commented on DENN. Oppenheimer dropped their target price on Denny's from $8.00 to $7.00 and set an "outperform" rating on the stock in a report on Thursday, February 13th. Wedbush cut their target price on Denny's from $10.00 to $8.50 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. StockNews.com cut Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Piper Sandler dropped 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 Tuesday, February 18th. Finally, Citigroup cut their price objective on shares of Denny's from $8.00 to $7.00 and set a "buy" rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, Denny's currently has a consensus rating of "Moderate Buy" and an average price target of $7.75.

About Denny's

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.