Denny’s Corporation $DENN Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. grew its stake in Denny’s Corporation (NASDAQ:DENN) by 45.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,897 shares of the restaurant operator’s stock after buying an additional 7,430 shares during the period. Vontobel Holding Ltd.’s holdings in Denny’s were worth $98,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of DENN. Boston Partners boosted its stake in Denny’s by 51.3% during the 1st quarter. Boston Partners now owns 2,521,085 shares of the restaurant operator’s stock worth $9,250,000 after purchasing an additional 855,192 shares during the period. Envestnet Asset Management Inc. boosted its stake in Denny’s by 63.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock worth $3,041,000 after purchasing an additional 321,877 shares during the period. North Star Investment Management Corp. boosted its stake in Denny’s by 1,196.7% during the 2nd quarter. North Star Investment Management Corp. now owns 272,300 shares of the restaurant operator’s stock worth $1,116,000 after purchasing an additional 251,300 shares during the period. Earnest Partners LLC boosted its stake in Denny’s by 16.2% during the 1st quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator’s stock worth $5,729,000 after purchasing an additional 218,019 shares during the period. Finally, AQR Capital Management LLC boosted its stake in Denny’s by 116.0% during the 1st quarter. AQR Capital Management LLC now owns 365,159 shares of the restaurant operator’s stock worth $1,340,000 after purchasing an additional 196,118 shares during the period. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Stock Up 1.4%

Shares of DENN opened at $5.02 on Thursday. The company has a 50-day simple moving average of $4.75 and a 200-day simple moving average of $4.18. The company has a market capitalization of $258.53 million, a PE ratio of 16.19 and a beta of 1.63. Denny’s Corporation has a 52-week low of $2.85 and a 52-week high of $7.73.

Denny’s (NASDAQ:DENN) last posted its earnings results on Monday, August 4th. The restaurant operator reported $0.09 earnings per share for the quarter, missing the consensus estimate 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 analysts’ expectations of $118.14 million. During the same quarter last year, the business posted $0.13 earnings per share. The business’s revenue was up 1.0% compared to the same quarter last year. On average, research analysts anticipate that Denny’s Corporation will post 0.5 EPS for the current year.

Analysts Set New Price Targets

DENN has been the subject of a number of recent research reports. Piper Sandler set a $4.00 price target on shares of Denny’s and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Benchmark decreased their price target on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a research note on Thursday, August 7th. Finally, Weiss Ratings restated a “sell (d+)” rating on shares of Denny’s in a research report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average 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.