Dimensional Fund Advisors LP boosted its stake in shares of Denny's Co. (NASDAQ:DENN) by 1.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,546,247 shares of the restaurant operator’s stock after purchasing an additional 39,719 shares during the period. Dimensional Fund Advisors LP owned approximately 3.90% of Denny's worth $31,701,000 at the end of the most recent reporting period.
A number of other large investors also recently added to or reduced their stakes in the business. Voya Investment Management LLC grew its position in Denny's by 5.6% during the 2nd quarter. Voya Investment Management LLC now owns 46,184 shares of the restaurant operator’s stock worth $544,000 after purchasing an additional 2,460 shares during the last quarter. BW Gestao de Investimentos Ltda. grew its position in Denny's by 7.1% during the 2nd quarter. BW Gestao de Investimentos Ltda. now owns 41,721 shares of the restaurant operator’s stock worth $491,000 after purchasing an additional 2,750 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Denny's by 68.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 4,041 shares during the last quarter. California Public Employees Retirement System grew its position in Denny's by 2.0% during the 2nd quarter. California Public Employees Retirement System now owns 320,800 shares of the restaurant operator’s stock worth $3,776,000 after purchasing an additional 6,300 shares during the last quarter. Finally, LMR Partners LLP purchased a new stake in Denny's during the 3rd quarter worth approximately $127,000. 90.99% of the stock is currently owned by institutional investors.
Shares of Denny's Co. (NASDAQ DENN) opened at $14.90 on Tuesday. The company has a debt-to-equity ratio of -2.95, a quick ratio of 0.36 and a current ratio of 0.40. Denny's Co. has a 12 month low of $10.87 and a 12 month high of $15.10. The company has a market cap of $972.71, a P/E ratio of 28.65 and a beta of 0.58.
Denny's (NASDAQ:DENN) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.14 EPS for the quarter, meeting the consensus estimate of $0.14. Denny's had a net margin of 7.21% and a negative return on equity of 52.30%. The business had revenue of $132.38 million during the quarter, compared to analysts’ expectations of $133.58 million. During the same period in the previous year, the business posted $0.13 EPS. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. equities research analysts predict that Denny's Co. will post 0.55 earnings per share for the current year.
In other Denny's news, EVP F Mark Wolfinger sold 9,414 shares of Denny's stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $13.64, for a total transaction of $128,406.96. Following the completion of the sale, the executive vice president now directly owns 681,197 shares in the company, valued at approximately $9,291,527.08. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, VP Timothy E. Flemming sold 37,000 shares of Denny's stock in a transaction that occurred on Thursday, November 16th. The shares were sold at an average price of $12.54, for a total transaction of $463,980.00. Following the sale, the vice president now owns 161,741 shares of the company’s stock, valued at $2,028,232.14. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 118,620 shares of company stock valued at $1,540,087. Company insiders own 5.20% of the company’s stock.
Several analysts have weighed in on the stock. BidaskClub raised shares of Denny's from a “sell” rating to a “hold” rating in a research report on Saturday. Zacks Investment Research raised shares of Denny's from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, TheStreet raised shares of Denny's from a “c+” rating to a “b-” rating in a research report on Monday, October 16th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $12.67.
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Denny's Company Profile
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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