UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,188 Shares of Denny’s Co. (NASDAQ:DENN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC decreased its stake in Denny’s Co. (NASDAQ:DENN) by 7.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 132,548 shares of the restaurant operator’s stock after selling 11,188 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.26% of Denny’s worth $855,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. CWM LLC lifted its stake in Denny’s by 726.2% in the second quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after purchasing an additional 3,239 shares during the last quarter. Skylands Capital LLC raised its stake in shares of Denny’s by 143.7% in the second quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator’s stock valued at $1,839,000 after buying an additional 152,700 shares during the period. Quest Partners LLC purchased a new position in shares of Denny’s during the 2nd quarter valued at $25,000. Rice Hall James & Associates LLC grew its stake in shares of Denny’s by 3.8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock worth $540,000 after acquiring an additional 2,775 shares during the period. Finally, First Eagle Investment Management LLC increased its holdings in Denny’s by 14.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after acquiring an additional 155,100 shares during the last quarter. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Price Performance

Shares of NASDAQ:DENN opened at $5.82 on Friday. The company has a market cap of $298.73 million, a price-to-earnings ratio of 17.64, a PEG ratio of 1.33 and a beta of 2.01. Denny’s Co. has a one year low of $5.37 and a one year high of $11.16. The firm has a fifty day moving average price of $6.44 and a two-hundred day moving average price of $6.54.

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

Wall Street Analysts Forecast Growth

DENN has been the subject of several recent research reports. Benchmark reduced 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. StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a report on Wednesday, December 11th. Wedbush cut their price target on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial reduced their price target on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Finally, Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $7.50 in a report on Friday, October 25th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $7.70.

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.