Russell Investments Group Ltd. decreased its holdings in Denny's Co. (NASDAQ:DENN) by 35.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 82,864 shares of the restaurant operator’s stock after selling 45,066 shares during the period. Russell Investments Group Ltd. owned about 0.13% of Denny's worth $1,032,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its position in Denny's by 9.8% during the second quarter. Renaissance Technologies LLC now owns 3,946,911 shares of the restaurant operator’s stock valued at $46,455,000 after purchasing an additional 352,600 shares in the last quarter. Marshall Wace North America L.P. purchased a new position in Denny's during the second quarter valued at $3,997,000. Lord Abbett & CO. LLC lifted its position in Denny's by 8.0% during the second quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock valued at $18,092,000 after purchasing an additional 114,365 shares in the last quarter. Susquehanna International Group LLP lifted its position in Denny's by 146.1% during the second quarter. Susquehanna International Group LLP now owns 190,837 shares of the restaurant operator’s stock valued at $2,246,000 after purchasing an additional 113,284 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in Denny's by 3.6% during the second quarter. Dimensional Fund Advisors LP now owns 2,506,528 shares of the restaurant operator’s stock valued at $29,502,000 after acquiring an additional 86,049 shares during the period. Hedge funds and other institutional investors own 90.99% of the company’s stock.
In other Denny's news, EVP F Mark Wolfinger sold 9,414 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $13.64, for a total transaction of $128,406.96. Following the completion of the transaction, the executive vice president now owns 681,197 shares in the company, valued at $9,291,527.08. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Pelt Jill A. Van sold 21,200 shares of the business’s stock in a transaction that occurred on Tuesday, November 28th. The shares were sold at an average price of $13.05, for a total value of $276,660.00. The disclosure for this sale can be found here. Insiders have sold 118,620 shares of company stock worth $1,540,087 over the last three months. 5.20% of the stock is currently owned by insiders.
DENN has been the topic of a number of recent analyst reports. Zacks Investment Research raised Denny's from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub raised Denny's from a “sell” rating to a “hold” rating in a report on Saturday. Finally, TheStreet raised Denny's from a “c+” rating to a “b-” rating in a report on Monday, October 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $12.67.
Shares of Denny's Co. (NASDAQ:DENN) opened at $14.90 on Friday. Denny's Co. has a twelve month low of $10.87 and a twelve month high of $15.10. The company has a debt-to-equity ratio of -2.95, a current ratio of 0.40 and a quick ratio of 0.36. The stock has a market capitalization of $972.71, a PE ratio of 28.65 and a beta of 0.58.
Denny's (NASDAQ:DENN) last issued its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. Denny's had a negative return on equity of 52.30% and a net margin of 7.21%. The company had revenue of $132.38 million for the quarter, compared to analysts’ expectations of $133.58 million. During the same period in the previous year, the firm posted $0.13 earnings per share. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. research analysts anticipate that Denny's Co. will post 0.55 EPS for the current fiscal year.
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Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.
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