Denny’s Co. (NASDAQ:DENN) Stock Position Raised by JPMorgan Chase & Co.

JPMorgan Chase & Co. lifted its stake in Denny’s Co. (NASDAQ:DENN) by 244.0% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 75,797 shares of the restaurant operator’s stock after acquiring an additional 53,763 shares during the period. JPMorgan Chase & Co. owned 0.15% of Denny’s worth $489,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in shares of Denny’s during the 2nd quarter worth approximately $77,000. FMR LLC grew its holdings in shares of Denny’s by 95.2% during the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 5,970 shares in the last quarter. Intech Investment Management LLC acquired a new stake in shares of Denny’s during the 3rd quarter worth approximately $83,000. Entropy Technologies LP acquired a new stake in shares of Denny’s during the 3rd quarter worth approximately $86,000. Finally, SG Americas Securities LLC acquired a new stake in shares of Denny’s during the 3rd quarter worth approximately $120,000. 85.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on DENN. Citigroup raised Denny’s from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $7.00 to $7.50 in a report on Friday, October 25th. Benchmark decreased their price objective on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Wedbush upgraded Denny’s from a “neutral” rating to an “outperform” rating and raised their target price for the stock from $6.00 to $10.00 in a research report on Friday, February 7th. Oppenheimer raised their target price on Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a research report on Tuesday, January 7th. Finally, StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Denny’s presently has an average rating of “Moderate Buy” and a consensus price target of $8.70.

Denny’s Stock Performance

Shares of DENN opened at $6.72 on Wednesday. The stock has a fifty day moving average price of $6.18 and a two-hundred day moving average price of $6.32. Denny’s Co. has a 52-week low of $5.37 and a 52-week high of $10.53. The company has a market cap of $344.94 million, a price-to-earnings ratio of 20.36, a PEG ratio of 1.27 and a beta of 2.02.

Denny’s Profile

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.