66,542 Shares in Denny’s Co. (NASDAQ:DENN) Purchased by Lombard Odier Asset Management USA Corp

Lombard Odier Asset Management USA Corp acquired a new stake in shares of Denny’s Co. (NASDAQ:DENN) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 66,542 shares of the restaurant operator’s stock, valued at approximately $472,000. Lombard Odier Asset Management USA Corp owned approximately 0.13% of Denny’s as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. First Eagle Investment Management LLC raised its position in shares of Denny’s by 14.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock valued at $8,938,000 after acquiring an additional 155,100 shares in the last quarter. Skylands Capital LLC lifted its position in shares of Denny’s by 143.7% in the 2nd quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator’s stock worth $1,839,000 after buying an additional 152,700 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Denny’s by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock worth $29,885,000 after buying an additional 89,465 shares during the last quarter. Olstein Capital Management L.P. boosted its holdings in shares of Denny’s by 9.9% in the 2nd quarter. Olstein Capital Management L.P. now owns 896,400 shares of the restaurant operator’s stock valued at $6,364,000 after buying an additional 80,587 shares during the period. Finally, Russell Investments Group Ltd. grew its position in shares of Denny’s by 19.9% during the 1st quarter. Russell Investments Group Ltd. now owns 267,357 shares of the restaurant operator’s stock valued at $2,396,000 after buying an additional 44,414 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Stock Down 4.4 %

DENN stock opened at $6.55 on Monday. The company has a market capitalization of $340.72 million, a P/E ratio of 15.23, a PEG ratio of 1.33 and a beta of 2.02. The company has a 50-day simple moving average of $6.51 and a 200 day simple moving average of $7.35. Denny’s Co. has a fifty-two week low of $5.59 and a fifty-two week high of $11.16.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.98 million. Denny’s had a net margin of 4.19% and a negative return on equity of 57.37%. Denny’s’s revenue was down .9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.14 EPS. Equities analysts anticipate that Denny’s Co. will post 0.55 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Truist Financial cut their target price on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Oppenheimer reduced their price objective on Denny’s from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Wedbush lowered their price objective on Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Finally, Benchmark reiterated a “buy” rating and issued a $15.00 target price on shares of Denny’s in a research note on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $10.40.

Denny’s Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.