Russell Investments Group Ltd. Grows Holdings in Denny’s Corporation $DENN

Russell Investments Group Ltd. increased its stake in shares of Denny’s Corporation (NASDAQ:DENN) by 19.6% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 855,660 shares of the restaurant operator’s stock after purchasing an additional 140,128 shares during the period. Russell Investments Group Ltd. owned approximately 1.66% of Denny’s worth $3,508,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Boston Partners lifted its stake in Denny’s by 56.7% during the second quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock worth $16,196,000 after purchasing an additional 1,430,102 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Denny’s by 1.1% in the second quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock valued at $5,090,000 after buying an additional 13,816 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Denny’s by 170.6% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,898 shares of the restaurant operator’s stock valued at $758,000 after buying an additional 116,575 shares during the period. Los Angeles Capital Management LLC acquired a new position in Denny’s during the 2nd quarter worth about $81,000. Finally, First Eagle Investment Management LLC lifted its stake in Denny’s by 6.0% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock worth $7,992,000 after acquiring an additional 110,722 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Trading Down 0.2%

Shares of NASDAQ:DENN opened at $6.17 on Monday. Denny’s Corporation has a 52 week low of $2.85 and a 52 week high of $7.66. The company’s 50 day moving average is $5.49 and its two-hundred day moving average is $4.72. The company has a market cap of $317.76 million, a PE ratio of 30.85 and a beta of 1.42.

Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03). The firm had revenue of $113.24 million for the quarter, compared to analysts’ expectations of $116.91 million. Denny’s had a negative return on equity of 60.26% and a net margin of 2.24%.Denny’s’s revenue for the quarter was up 202.6% on a year-over-year basis. During the same period last year, the firm posted $0.14 earnings per share. As a group, equities research analysts expect that Denny’s Corporation will post 0.5 EPS for the current year.

Insider Transactions at Denny’s

In other Denny’s news, insider Jumana Capital Investments Llc acquired 250,000 shares of the stock in a transaction dated Monday, November 3rd. The stock was acquired at an average cost of $4.08 per share, with a total value of $1,020,000.00. Following the transaction, the insider owned 4,524,905 shares in the company, valued at $18,461,612.40. The trade was a 5.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders bought 433,307 shares of company stock worth $1,945,837. 4.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have weighed in on DENN. Truist Financial reaffirmed a “hold” rating and issued a $6.00 target price on shares of Denny’s in a research report on Tuesday, November 4th. Mizuho upgraded shares of Denny’s to a “hold” rating in a report on Tuesday, October 28th. Oppenheimer downgraded shares of Denny’s from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Weiss Ratings reissued a “hold (c-)” rating on shares of Denny’s in a research report on Monday, December 1st. Finally, Benchmark downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $5.96.

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.