Denny’s Co. (NASDAQ:DENN) Shares Acquired by Ergoteles LLC

Ergoteles LLC lifted its position in shares of Denny’s Co. (NASDAQ:DENN – Get Rating) by 33.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,294 shares of the restaurant operator’s stock after buying an additional 3,839 shares during the period. Ergoteles LLC’s holdings in Denny’s were worth $144,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in Denny’s by 191.4% in the 3rd quarter. Quadrant Capital Group LLC now owns 2,841 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 1,866 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of Denny’s during the first quarter valued at about $29,000. Great West Life Assurance Co. Can acquired a new stake in shares of Denny’s during the third quarter valued at about $34,000. Barclays PLC grew its stake in shares of Denny’s by 50.6% during the third quarter. Barclays PLC now owns 4,539 shares of the restaurant operator’s stock valued at $42,000 after acquiring an additional 1,526 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in shares of Denny’s by 34.2% during the third quarter. Tower Research Capital LLC TRC now owns 5,113 shares of the restaurant operator’s stock valued at $48,000 after acquiring an additional 1,304 shares in the last quarter. 90.65% of the stock is currently owned by institutional investors and hedge funds.

Denny’s Stock Performance

NASDAQ:DENN opened at $11.54 on Wednesday. The stock has a 50-day simple moving average of $11.70 and a 200 day simple moving average of $10.96. Denny’s Co. has a one year low of $8.46 and a one year high of $14.78. The company has a market capitalization of $651.09 million, a price-to-earnings ratio of 9.46, a price-to-earnings-growth ratio of 2.09 and a beta of 1.68.

Denny’s (NASDAQ:DENN – Get Rating) last issued its earnings results on Monday, February 13th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.02. Denny’s had a net margin of 16.37% and a negative return on equity of 67.16%. The firm had revenue of $120.85 million for the quarter, compared to analysts’ expectations of $120.66 million. During the same quarter last year, the company posted $0.16 earnings per share. Denny’s’s revenue was up 12.3% on a year-over-year basis. On average, equities research analysts forecast that Denny’s Co. will post 0.63 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have recently weighed in on DENN. CL King raised their target price on Denny’s from $14.00 to $15.00 in a research note on Tuesday, February 14th. Wedbush lifted their price target on Denny’s from $12.50 to $13.50 and gave the stock a “neutral” rating in a research note on Tuesday, February 14th. Finally, Benchmark lifted their price target on Denny’s from $15.00 to $17.00 and gave the stock a “buy” rating in a research note on Tuesday, February 14th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $13.50.

Denny’s Company Profile

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Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It offers offers a wide selection of lunch and dinner items including burgers, sandwiches, salads and skillet entrées, along with an assortment of beverages, appetizers, and desserts. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.