Invesco Ltd. Grows Position in Denny’s Corporation $DENN

Invesco Ltd. raised its holdings in shares of Denny’s Corporation (NASDAQ:DENN) by 9.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 143,408 shares of the restaurant operator’s stock after purchasing an additional 11,938 shares during the quarter. Invesco Ltd. owned approximately 0.28% of Denny’s worth $526,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the business. Wellington Management Group LLP lifted its holdings in Denny’s by 20.7% during the fourth quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator’s stock valued at $9,432,000 after purchasing an additional 267,694 shares during the last quarter. Olstein Capital Management L.P. lifted its holdings in Denny’s by 6.2% during the first quarter. Olstein Capital Management L.P. now owns 973,000 shares of the restaurant operator’s stock valued at $3,571,000 after purchasing an additional 56,600 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in shares of Denny’s by 63.5% in the first quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock worth $3,041,000 after buying an additional 321,877 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Denny’s by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 759,837 shares of the restaurant operator’s stock worth $4,597,000 after buying an additional 3,538 shares in the last quarter. Finally, Skylands Capital LLC lifted its holdings in shares of Denny’s by 30.8% in the first quarter. Skylands Capital LLC now owns 745,620 shares of the restaurant operator’s stock worth $2,736,000 after buying an additional 175,620 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny’s Price Performance

Shares of NASDAQ DENN opened at $4.61 on Friday. Denny’s Corporation has a one year low of $2.85 and a one year high of $7.73. The firm’s 50 day simple moving average is $4.17 and its two-hundred day simple moving average is $4.04. The stock has a market capitalization of $237.42 million, a P/E ratio of 14.87 and a beta of 1.63.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings results on Monday, August 4th. The restaurant operator reported $0.09 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 business had revenue of $117.66 million for the quarter, compared to the consensus estimate of $118.14 million. During the same quarter in the previous year, the business earned $0.13 earnings per share. The firm’s revenue was up 1.0% on a year-over-year basis. As a group, equities analysts expect that Denny’s Corporation will post 0.5 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

DENN has been the topic of a number of recent analyst reports. Benchmark lowered their price target on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating on the stock in a report on Thursday, August 7th. Piper Sandler set a $4.00 price target on shares of Denny’s and gave the stock a “neutral” rating in a report on Tuesday, August 5th. Five equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $6.46.

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.