Two Sigma Advisers LP Has $73,000 Stock Holdings in Denny’s Co. (NASDAQ:DENN)

Two Sigma Advisers LP trimmed its stake in shares of Denny’s Co. (NASDAQ:DENN) by 71.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,014 shares of the restaurant operator’s stock after selling 30,354 shares during the quarter. Two Sigma Advisers LP’s holdings in Denny’s were worth $73,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of DENN. Boston Partners boosted its holdings in shares of Denny’s by 2,820.6% during the fourth quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator’s stock worth $10,081,000 after acquiring an additional 1,608,854 shares during the period. First Eagle Investment Management LLC increased its stake in shares of Denny’s by 19.7% during the fourth quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator’s stock worth $10,077,000 after purchasing an additional 274,459 shares during the period. Wellington Management Group LLP lifted its holdings in Denny’s by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator’s stock worth $9,432,000 after purchasing an additional 267,694 shares during the last quarter. Arrowstreet Capital Limited Partnership lifted its holdings in Denny’s by 24.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,265,381 shares of the restaurant operator’s stock worth $7,656,000 after purchasing an additional 251,874 shares during the last quarter. Finally, Geode Capital Management LLC boosted its stake in Denny’s by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,187,850 shares of the restaurant operator’s stock valued at $7,188,000 after purchasing an additional 6,971 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

DENN has been the topic of several recent research reports. Citigroup lowered their price objective on Denny’s from $7.00 to $6.25 and set a “buy” rating on the stock in a research report on Thursday, April 24th. Piper Sandler decreased their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Oppenheimer lowered their price target on shares of Denny’s from $7.00 to $6.00 and set an “outperform” rating on the stock in a research report on Tuesday, May 6th. Finally, Wedbush cut their price objective on shares of Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Denny’s has a consensus rating of “Moderate Buy” and a consensus target price of $7.46.

Denny’s Stock Performance

NASDAQ:DENN opened at $4.03 on Monday. The company has a market cap of $206.54 million, a price-to-earnings ratio of 9.83 and a beta of 1.64. Denny’s Co. has a fifty-two week low of $2.85 and a fifty-two week high of $7.73. The stock has a fifty day moving average price of $3.69 and a 200-day moving average price of $4.90.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Monday, May 5th. The restaurant operator reported $0.08 EPS for the quarter, meeting analysts’ consensus estimates of $0.08. The business had revenue of $111.64 million during the quarter, compared to the consensus estimate of $110.11 million. Denny’s had a negative return on equity of 50.01% and a net margin of 4.77%. Denny’s’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.11 earnings per share. Research analysts predict that Denny’s Co. will post 0.5 EPS for the current fiscal year.

Denny’s Company Profile

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.