XTX Topco Ltd Acquires Shares of 12,710 Denny’s Co. (NASDAQ:DENN)

XTX Topco Ltd bought a new stake in Denny’s Co. (NASDAQ:DENN) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 12,710 shares of the restaurant operator’s stock, valued at approximately $90,000.

Other large investors have also made changes to their positions in the company. First Eagle Investment Management LLC grew its stake in Denny’s by 14.1% during the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after buying an additional 155,100 shares during the last quarter. Rice Hall James & Associates LLC grew its position in Denny’s by 3.8% during the 2nd quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock worth $540,000 after acquiring an additional 2,775 shares during the last quarter. Quest Partners LLC acquired a new stake in Denny’s during the 2nd quarter valued at $25,000. Skylands Capital LLC raised its position in Denny’s by 143.7% in the 2nd quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator’s stock valued at $1,839,000 after purchasing an additional 152,700 shares during the last quarter. Finally, Olstein Capital Management L.P. raised its position in Denny’s by 9.9% in the 2nd quarter. Olstein Capital Management L.P. now owns 896,400 shares of the restaurant operator’s stock valued at $6,364,000 after purchasing an additional 80,587 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Denny’s Stock Up 2.0 %

DENN stock opened at $6.58 on Wednesday. The business’s fifty day moving average is $6.40 and its 200-day moving average is $7.23. Denny’s Co. has a twelve month low of $5.59 and a twelve month high of $11.16. The company has a market cap of $342.29 million, a P/E ratio of 15.30, a price-to-earnings-growth ratio of 1.35 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04). The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.98 million. Denny’s had a negative return on equity of 57.37% and a net margin of 4.19%. The company’s revenue was down .9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.14 earnings per share. Research analysts anticipate that Denny’s Co. will post 0.55 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on DENN. Wedbush lowered their target price on Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Benchmark reaffirmed a “buy” rating and issued a $15.00 target price on shares of Denny’s in a research note on Wednesday, July 31st. Truist Financial decreased their price target on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Finally, Oppenheimer lowered their price objective on Denny’s from $11.00 to $10.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $10.40.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.