12,921 Shares in Denny’s Co. (NASDAQ:DENN) Bought by Intech Investment Management LLC

Intech Investment Management LLC bought a new position in shares of Denny’s Co. (NASDAQ:DENN) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 12,921 shares of the restaurant operator’s stock, valued at approximately $83,000.

A number of other hedge funds also recently bought and sold shares of the company. Quest Partners LLC acquired a new position in shares of Denny’s during the 2nd quarter worth about $25,000. CWM LLC increased its position in Denny’s by 726.2% in the 2nd 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 lifted its holdings 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 buying an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Denny’s in the second quarter valued at approximately $31,000. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Denny’s in the second quarter worth $77,000. 85.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently commented on DENN shares. Benchmark cut their target price on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Truist Financial cut their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Oppenheimer lowered their price target on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. Finally, Wedbush decreased their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Denny’s Stock Down 0.2 %

NASDAQ:DENN opened at $6.27 on Monday. The firm has a market capitalization of $321.84 million, a PE ratio of 19.00, a price-to-earnings-growth ratio of 1.33 and a beta of 2.01. Denny’s Co. has a 12-month low of $5.37 and a 12-month high of $11.16. The firm has a 50-day moving average price of $6.46 and a 200 day moving average price of $6.59.

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

Denny’s Company 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.