Charles Schwab Investment Management Inc. Reduces Stake in Denny’s Co. (NASDAQ:DENN)

Charles Schwab Investment Management Inc. lowered its holdings in Denny’s Co. (NASDAQ:DENN) by 13.1% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 634,520 shares of the restaurant operator’s stock after selling 95,450 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.24% of Denny’s worth $4,093,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in DENN. CWM LLC increased its holdings in shares of Denny’s by 726.2% in the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 3,239 shares during the last quarter. Skylands Capital LLC boosted its position in shares of 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 period. Quest Partners LLC purchased a new position in Denny’s during the 2nd quarter worth approximately $25,000. Rice Hall James & Associates LLC grew its stake 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 buying an additional 2,775 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in Denny’s by 14.1% during the 2nd 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. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Trading Up 0.3 %

Shares of DENN stock opened at $6.27 on Friday. The business’s 50 day moving average is $6.44 and its two-hundred day moving average is $6.56. Denny’s Co. has a twelve month low of $5.37 and a twelve month high of $11.16. The company has a market capitalization of $321.83 million, a P/E ratio of 19.00, a price-to-earnings-growth ratio of 1.32 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. The company had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $115.46 million. During the same quarter last year, the business posted $0.17 earnings per share. The company’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, equities analysts predict that Denny’s Co. will post 0.52 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research firms recently issued reports on DENN. Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and raised their price target for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. Benchmark dropped their price target on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research note on Friday, October 25th. Truist Financial dropped their price target on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Oppenheimer dropped their price target on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 23rd. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

Denny’s 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.