GSA Capital Partners LLP Decreases Stock Position in Denny’s Co. (NASDAQ:DENN)

GSA Capital Partners LLP reduced its position in shares of Denny’s Co. (NASDAQ:DENN) by 54.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 27,658 shares of the restaurant operator’s stock after selling 33,630 shares during the period. GSA Capital Partners LLP owned about 0.05% of Denny’s worth $178,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Quest Partners LLC acquired a new stake in Denny’s during the 2nd quarter worth $25,000. CWM LLC increased its position in Denny’s by 726.2% during the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock worth $26,000 after buying an additional 3,239 shares during the period. Quarry LP grew its position in shares of Denny’s by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in Denny’s in the 2nd quarter valued at $31,000. Finally, Sanctuary Advisors LLC purchased a new position in Denny’s during the 2nd quarter worth $77,000. 85.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Oppenheimer dropped their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $7.00 to $7.50 in a report on Friday, October 25th. Wedbush decreased their price target on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Wednesday, October 23rd. Finally, Benchmark reduced their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Denny’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Denny’s Stock Down 2.2 %

Shares of NASDAQ:DENN opened at $6.25 on Monday. The company has a 50 day moving average of $6.50 and a two-hundred day moving average of $6.69. The company has a market capitalization of $320.81 million, a price-to-earnings ratio of 18.94, a price-to-earnings-growth ratio of 1.33 and a beta of 2.02. Denny’s Co. has a 52-week low of $5.37 and a 52-week high of $11.16.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The company had revenue of $111.76 million for the quarter, compared to the consensus estimate of $115.46 million. Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. The company’s revenue was down 2.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.17 earnings per share. On average, equities analysts anticipate that Denny’s Co. will post 0.52 earnings per share for the current year.

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.