Denny’s Corporation $DENN Shares Acquired by Boston Partners

Boston Partners lifted its stake in shares of Denny’s Corporation (NASDAQ:DENN) by 56.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,951,187 shares of the restaurant operator’s stock after purchasing an additional 1,430,102 shares during the period. Boston Partners owned about 0.08% of Denny’s worth $16,196,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. CWM LLC raised its stake in Denny’s by 217.7% during the first quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock valued at $25,000 after buying an additional 4,608 shares in the last quarter. Bank of Montreal Can bought a new stake in shares of Denny’s in the 2nd quarter valued at approximately $48,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of Denny’s during the 2nd quarter valued at approximately $67,000. Los Angeles Capital Management LLC bought a new position in Denny’s during the second quarter worth $81,000. Finally, Vontobel Holding Ltd. boosted its holdings in Denny’s by 45.1% in the second quarter. Vontobel Holding Ltd. now owns 23,897 shares of the restaurant operator’s stock worth $98,000 after purchasing an additional 7,430 shares during the period. 85.07% of the stock is owned by institutional investors.

Denny’s Price Performance

Shares of DENN stock opened at $6.18 on Friday. Denny’s Corporation has a 12-month low of $2.85 and a 12-month high of $7.66. The firm has a market capitalization of $318.26 million, a price-to-earnings ratio of 19.94 and a beta of 1.60. The business has a 50 day simple moving average of $5.40 and a 200 day simple moving average of $4.64.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, November 4th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The business had revenue of $113.24 million for the quarter, compared to analyst estimates of $116.91 million. During the same quarter last year, the firm posted $0.14 EPS. The company’s revenue was up 202.6% compared to the same quarter last year. On average, equities analysts anticipate that Denny’s Corporation will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Oppenheimer cut shares of Denny’s from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 4th. Truist Financial reissued a “hold” rating and issued a $6.00 target price on shares of Denny’s in a report on Tuesday, November 4th. Weiss Ratings raised Denny’s from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday. Mizuho raised Denny’s to a “hold” rating in a report on Tuesday, October 28th. Finally, Benchmark downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Two equities research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.96.

Insiders Place Their Bets

In related news, insider Jumana Capital Investments Llc bought 250,000 shares of the firm’s stock in a transaction that occurred on Monday, November 3rd. The stock was purchased at an average price of $4.08 per share, for a total transaction of $1,020,000.00. Following the transaction, the insider directly owned 4,524,905 shares of the company’s stock, valued at approximately $18,461,612.40. This represents a 5.85% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have bought a total of 433,307 shares of company stock valued at $1,945,837 over the last three months. Corporate insiders own 4.20% of the company’s stock.

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.