Denny’s Corporation $DENN Holdings Trimmed by Deutsche Bank AG

Deutsche Bank AG trimmed its position in shares of Denny’s Corporation (NASDAQ:DENN) by 12.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 53,448 shares of the restaurant operator’s stock after selling 7,903 shares during the period. Deutsche Bank AG owned 0.10% of Denny’s worth $196,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. CWM LLC increased its stake in Denny’s by 217.7% in the 1st 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 during the period. Park Avenue Securities LLC acquired a new position in Denny’s in the 1st quarter valued at approximately $40,000. Cerity Partners LLC acquired a new position in Denny’s in the 1st quarter valued at approximately $41,000. Gilbert & Cook Inc. acquired a new position in Denny’s in the 1st quarter valued at approximately $44,000. Finally, Vontobel Holding Ltd. acquired a new position in Denny’s in the 1st quarter valued at approximately $60,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Trading Up 2.2%

NASDAQ:DENN opened at $4.57 on Friday. Denny’s Corporation has a 1 year low of $2.85 and a 1 year high of $7.73. The firm’s fifty day simple moving average is $4.12 and its 200 day simple moving average is $4.05. The firm has a market capitalization of $235.36 million, a PE ratio of 14.74 and a beta of 1.70.

Denny’s (NASDAQ:DENN) last posted its earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.10 by ($0.01). Denny’s had a net margin of 3.53% and a negative return on equity of 59.51%. The firm had revenue of $117.66 million during the quarter, compared to analyst estimates of $118.14 million. During the same quarter in the previous year, the business posted $0.13 earnings per share. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. As a group, analysts anticipate that Denny’s Corporation will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Oppenheimer dropped their price objective on Denny’s from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 6th. Piper Sandler set a $4.00 target price on shares of Denny’s and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Finally, Benchmark decreased their target price on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a research report on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Denny’s presently has a consensus rating of “Moderate Buy” and a consensus target price of $6.46.

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.