Beddow Capital Management Inc. decreased its position in Denny’s Corp (NASDAQ:DENN) by 21.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 267,560 shares of the restaurant operator’s stock after selling 74,400 shares during the quarter. Denny’s accounts for about 2.4% of Beddow Capital Management Inc.’s holdings, making the stock its 22nd biggest holding. Beddow Capital Management Inc. owned 0.43% of Denny’s worth $4,337,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Atlantic Trust LLC raised its holdings in Denny’s by 9.9% in the third quarter. Atlantic Trust LLC now owns 37,910 shares of the restaurant operator’s stock valued at $558,000 after acquiring an additional 3,430 shares in the last quarter. Vanguard Group Inc raised its holdings in Denny’s by 1.6% in the third quarter. Vanguard Group Inc now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after acquiring an additional 47,047 shares in the last quarter. Vanguard Group Inc. raised its holdings in Denny’s by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after acquiring an additional 47,047 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Denny’s by 40.9% in the third quarter. Acadian Asset Management LLC now owns 402,019 shares of the restaurant operator’s stock valued at $5,917,000 after acquiring an additional 116,674 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its holdings in Denny’s by 100.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 25,430 shares of the restaurant operator’s stock valued at $388,000 after acquiring an additional 12,715 shares in the last quarter. 89.89% of the stock is currently owned by hedge funds and other institutional investors.
In related news, EVP F Mark Wolfinger sold 7,500 shares of the business’s stock in a transaction dated Tuesday, December 11th. The shares were sold at an average price of $16.67, for a total value of $125,025.00. Following the completion of the transaction, the executive vice president now owns 723,394 shares of the company’s stock, valued at approximately $12,058,977.98. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 28,000 shares of company stock valued at $470,760 in the last ninety days. Corporate insiders own 5.80% of the company’s stock.
A number of analysts have weighed in on the stock. Stephens raised shares of Denny’s from an “equal” rating to a “weight” rating and raised their price objective for the stock from $16.50 to $17.00 in a report on Wednesday, October 31st. Maxim Group reissued a “buy” rating and set a $21.00 price objective on shares of Denny’s in a report on Tuesday, January 15th. BidaskClub raised shares of Denny’s from a “hold” rating to a “buy” rating in a report on Thursday, October 18th. Finally, Zacks Investment Research raised shares of Denny’s from a “sell” rating to a “hold” rating in a report on Monday, January 14th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $19.00.
Shares of NASDAQ DENN opened at $17.59 on Thursday. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 30.33 and a beta of 0.17. Denny’s Corp has a one year low of $13.32 and a one year high of $18.94.
Denny’s (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, February 12th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. The business had revenue of $159.55 million during the quarter, compared to the consensus estimate of $158.85 million. Denny’s had a negative return on equity of 40.31% and a net margin of 7.48%. The business’s revenue was up 17.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, sell-side analysts predict that Denny’s Corp will post 0.68 earnings per share for the current fiscal year.
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Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of September 26, 2018, it had 1,715 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.
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