Denny’s Corporation $DENN Shares Acquired by Boston Partners

Boston Partners lifted its holdings in shares of Denny’s Corporation (NASDAQ:DENN) by 8.7% during the second quarter, according to its most recent disclosure with the SEC. The fund owned 2,741,664 shares of the restaurant operator’s stock after acquiring an additional 220,579 shares during the period. Boston Partners owned approximately 0.05% of Denny’s worth $11,237,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of DENN. Envestnet Asset Management Inc. boosted its stake in Denny’s by 63.5% in the 1st quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock worth $3,041,000 after purchasing an additional 321,877 shares in the last quarter. North Star Investment Management Corp. increased its stake in Denny’s by 1,196.7% during the 2nd quarter. North Star Investment Management Corp. now owns 272,300 shares of the restaurant operator’s stock valued at $1,116,000 after purchasing an additional 251,300 shares in the last quarter. Earnest Partners LLC raised its holdings in shares of Denny’s by 16.2% in the first quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator’s stock worth $5,729,000 after buying an additional 218,019 shares during the last quarter. AQR Capital Management LLC raised its holdings in shares of Denny’s by 116.0% in the first quarter. AQR Capital Management LLC now owns 365,159 shares of the restaurant operator’s stock worth $1,340,000 after buying an additional 196,118 shares during the last quarter. Finally, Nuveen LLC acquired a new stake in shares of Denny’s during the first quarter worth $688,000. Institutional investors and hedge funds own 85.07% of the company’s stock.

Insider Buying and Selling

In other news, insider Jumana Capital Investments Llc acquired 250,000 shares of the company’s stock in a transaction dated Monday, November 3rd. The shares were acquired at an average price of $4.08 per share, with a total value of $1,020,000.00. Following the purchase, the insider directly owned 4,524,905 shares of the company’s stock, valued at $18,461,612.40. This trade represents a 5.85% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. In the last 90 days, insiders purchased 433,307 shares of company stock valued at $1,945,837. Corporate insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on the company. Weiss Ratings reissued a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday, October 8th. Benchmark downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Piper Sandler set a $4.00 price target on Denny’s and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Truist Financial reissued a “hold” rating and issued a $6.00 price objective on shares of Denny’s in a report on Tuesday, November 4th. Finally, Mizuho raised Denny’s to a “hold” rating in a report on Tuesday, October 28th. Two investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $5.96.

Denny’s Stock Performance

NASDAQ DENN opened at $6.14 on Friday. The firm has a market capitalization of $316.20 million, a P/E ratio of 19.81 and a beta of 1.60. The stock has a 50-day simple moving average of $5.16 and a two-hundred day simple moving average of $4.48. Denny’s Corporation has a fifty-two week low of $2.85 and a fifty-two week high of $7.66.

Denny’s (NASDAQ:DENN) last issued its earnings results on Tuesday, November 4th. The restaurant operator reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). The company had revenue of $113.24 million during the quarter, compared to analysts’ expectations of $116.91 million. Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The firm’s quarterly revenue was up 202.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.14 EPS. As a group, analysts forecast that Denny’s Corporation will post 0.5 earnings per share for the current year.

Denny’s Company 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.