Jane Street Group LLC Has $616,000 Holdings in Denny’s Co. (NASDAQ:DENN)

Jane Street Group LLC cut its holdings in Denny’s Co. (NASDAQ:DENN) by 6.0% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 95,487 shares of the restaurant operator’s stock after selling 6,067 shares during the period. Jane Street Group LLC owned about 0.19% of Denny’s worth $616,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quest Partners LLC acquired a new stake in shares of Denny’s in the second quarter valued at approximately $25,000. Quarry LP raised its holdings in shares of Denny’s by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after purchasing an additional 2,617 shares during the last quarter. Canada Pension Plan Investment Board acquired a new stake in shares of Denny’s in the second quarter valued at approximately $31,000. Sanctuary Advisors LLC acquired a new stake in shares of Denny’s in the second quarter valued at approximately $77,000. Finally, FMR LLC raised its holdings in shares of Denny’s by 95.2% in the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 5,970 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Denny’s Price Performance

DENN stock opened at $6.41 on Friday. The company has a fifty day moving average price of $6.37 and a two-hundred day moving average price of $6.47. Denny’s Co. has a one year low of $5.37 and a one year high of $11.16. The stock has a market cap of $329.02 million, a price-to-earnings ratio of 19.42, a price-to-earnings-growth ratio of 1.33 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last released 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). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The company had revenue of $111.76 million for the quarter, compared to the consensus estimate of $115.46 million. During the same period last year, the firm earned $0.17 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. Research analysts anticipate that Denny’s Co. will post 0.52 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

DENN has been the topic of a number of recent research reports. Citigroup upgraded shares of 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 target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Oppenheimer decreased their target price on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a research note on Tuesday, December 24th. Finally, Truist Financial decreased their target price on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, Denny’s currently has an average rating of “Moderate Buy” and a consensus target price of $7.70.

About Denny’s

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.