Dimensional Fund Advisors LP Increases Position in Denny's Co. (NASDAQ:DENN)

Dimensional Fund Advisors LP increased its holdings in shares of Denny's Co. (NASDAQ:DENN) by 1.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,546,247 shares of the restaurant operator’s stock after acquiring an additional 39,719 shares during the quarter. Dimensional Fund Advisors LP owned about 3.90% of Denny's worth $31,701,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of DENN. BNP Paribas Arbitrage SA boosted its position in Denny's by 939.9% during the second quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock worth $134,000 after acquiring an additional 10,282 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its position in Denny's by 38.7% during the second quarter. Los Angeles Capital Management & Equity Research Inc. now owns 119,531 shares of the restaurant operator’s stock worth $1,407,000 after acquiring an additional 33,340 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in Denny's by 68.3% during the second quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after acquiring an additional 4,041 shares during the last quarter. Menta Capital LLC acquired a new position in Denny's during the second quarter worth about $172,000. Finally, California Public Employees Retirement System raised its stake in Denny's by 2.0% during the second 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 period. Hedge funds and other institutional investors own 91.01% of the company’s stock.

Shares of Denny's Co. (DENN) opened at $15.33 on Tuesday. The stock has a market cap of $998.83, a P/E ratio of 29.48 and a beta of 0.58. Denny's Co. has a 52 week low of $10.87 and a 52 week high of $15.56. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of -2.95.

Denny's (NASDAQ:DENN) last released its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.14. The business had revenue of $132.38 million for the quarter, compared to the consensus estimate of $133.58 million. Denny's had a net margin of 7.21% and a negative return on equity of 52.30%. The business’s revenue was up 3.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 EPS. sell-side analysts anticipate that Denny's Co. will post 0.55 earnings per share for the current fiscal year.

A number of brokerages have commented on DENN. BidaskClub raised shares of Denny's from a “sell” rating to a “hold” rating in a research note on Saturday, January 13th. TheStreet raised shares of Denny's from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. Finally, Zacks Investment Research raised shares of Denny's from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $12.67.

In related news, VP Pelt Jill A. Van sold 21,200 shares of Denny'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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 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 completion of the transaction, the vice president now owns 161,741 shares of the company’s stock, valued at approximately $2,028,232.14. The disclosure for this sale can be found here. Insiders sold a total of 118,620 shares of company stock worth $1,540,087 over the last three months. Insiders own 5.20% of the company’s stock.

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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.

Institutional Ownership by Quarter for Denny's (NASDAQ:DENN)

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