Cwm LLC Grows Holdings in Denny’s Corporation $DENN

Cwm LLC increased its position in shares of Denny’s Corporation (NASDAQ:DENN) by 207.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 20,679 shares of the restaurant operator’s stock after buying an additional 13,954 shares during the period. Cwm LLC’s holdings in Denny’s were worth $85,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Boston Partners increased its stake in shares of Denny’s by 51.3% during the first quarter. Boston Partners now owns 2,521,085 shares of the restaurant operator’s stock valued at $9,250,000 after buying an additional 855,192 shares during the period. Hotchkis & Wiley Capital Management LLC increased its stake in shares of Denny’s by 5.1% during the first quarter. Hotchkis & Wiley Capital Management LLC now owns 1,670,070 shares of the restaurant operator’s stock valued at $6,129,000 after buying an additional 81,550 shares during the period. Earnest Partners LLC increased its stake in shares of Denny’s by 16.2% during the first quarter. Earnest Partners LLC now owns 1,561,053 shares of the restaurant operator’s stock valued at $5,729,000 after buying an additional 218,019 shares during the period. Envestnet Asset Management Inc. increased its stake in shares of Denny’s by 63.5% during the first quarter. Envestnet Asset Management Inc. now owns 828,571 shares of the restaurant operator’s stock valued at $3,041,000 after buying an additional 321,877 shares during the period. Finally, AQR Capital Management LLC increased its stake in shares of Denny’s by 116.0% during the first quarter. AQR Capital Management LLC now owns 365,159 shares of the restaurant operator’s stock valued at $1,340,000 after buying an additional 196,118 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Stock Performance

Shares of NASDAQ DENN opened at $3.91 on Monday. The company has a market cap of $201.36 million, a PE ratio of 12.61 and a beta of 1.63. The business has a 50-day simple moving average of $4.92 and a two-hundred day simple moving average of $4.33. Denny’s Corporation has a fifty-two week low of $2.85 and a fifty-two week high of $7.73.

Denny’s (NASDAQ:DENN) last issued its quarterly 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). The business had revenue of $117.66 million during the quarter, compared to analyst estimates of $118.14 million. Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.Denny’s’s revenue was up 1.0% compared to the same quarter last year. During the same period in the prior year, the business posted $0.13 EPS. On average, sell-side analysts predict that Denny’s Corporation will post 0.5 earnings per share for the current fiscal year.

Insider Activity at Denny’s

In other news, insider Jumana Capital Investments Llc bought 9,347 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was purchased at an average price of $5.14 per share, with a total value of $48,043.58. Following the completion of the acquisition, the insider directly owned 3,804,870 shares of the company’s stock, valued at $19,557,031.80. This trade represents a 0.25% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders bought a total of 183,307 shares of company stock worth $925,837 over the last three months. Insiders own 4.20% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on DENN shares. Mizuho upgraded Denny’s to a “hold” rating in a research note on Tuesday, October 28th. Weiss Ratings restated a “sell (d+)” rating on shares of Denny’s in a research note on Wednesday, October 8th. Benchmark dropped their price objective on Denny’s from $8.00 to $6.00 and set a “buy” rating on the stock in a research report on Thursday, August 7th. Finally, Piper Sandler set a $4.00 price objective on Denny’s and gave the company a “neutral” rating in a research report on Tuesday, August 5th. Four equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Denny’s presently has a consensus rating of “Hold” and a consensus target price of $5.96.

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.