Swiss National Bank increased its stake in shares of Denny’s Corp (NASDAQ:DENN) by 0.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 113,700 shares of the restaurant operator’s stock after acquiring an additional 700 shares during the quarter. Swiss National Bank owned about 0.19% of Denny’s worth $2,260,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of DENN. Tower Research Capital LLC TRC acquired a new position in Denny’s during the 3rd quarter worth $48,000. New York State Teachers Retirement System raised its position in Denny’s by 5,000.0% in the 4th quarter. New York State Teachers Retirement System now owns 5,100 shares of the restaurant operator’s stock worth $101,000 after purchasing an additional 5,000 shares during the period. MUFG Americas Holdings Corp purchased a new position in Denny’s in the 3rd quarter worth $114,000. Mesirow Financial Investment Management Equity Management raised its position in Denny’s by 31.9% in the 4th quarter. Mesirow Financial Investment Management Equity Management now owns 9,445 shares of the restaurant operator’s stock worth $188,000 after purchasing an additional 2,285 shares during the period. Finally, Campbell & CO Investment Adviser LLC purchased a new position in Denny’s in the 4th quarter worth $380,000. Hedge funds and other institutional investors own 94.04% of the company’s stock.
A number of equities analysts recently commented on the stock. Zacks Investment Research cut shares of Denny’s from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. ValuEngine upgraded shares of Denny’s from a “sell” rating to a “hold” rating in a research report on Tuesday. Oppenheimer restated a “buy” rating and issued a $27.00 price objective on shares of Denny’s in a research report on Tuesday, February 11th. Maxim Group upgraded shares of Denny’s from a “hold” rating to a “buy” rating and boosted their price objective for the company from $23.00 to $26.00 in a research report on Wednesday, December 4th. Finally, SunTrust Banks started coverage on shares of Denny’s in a research report on Tuesday, December 10th. They issued a “hold” rating and a $21.00 price objective on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $24.67.
Shares of DENN stock traded up $0.10 during mid-day trading on Wednesday, reaching $16.54. The stock had a trading volume of 5,998 shares, compared to its average volume of 527,668. The stock’s 50-day moving average price is $20.29 and its two-hundred day moving average price is $21.05. Denny’s Corp has a 52-week low of $16.51 and a 52-week high of $23.88. The firm has a market capitalization of $991.00 million, a PE ratio of 8.71, a price-to-earnings-growth ratio of 2.45 and a beta of 0.24.
Denny’s (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, February 11th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Denny’s had a net margin of 21.69% and a negative return on equity of 35.57%. The firm had revenue of $113.84 million for the quarter, compared to analysts’ expectations of $109.17 million. Equities analysts forecast that Denny’s Corp will post 0.8 earnings per share for the current year.
In other news, COO Christopher D. Bode sold 33,000 shares of Denny’s stock in a transaction dated Thursday, February 20th. The shares were sold at an average price of $20.61, for a total transaction of $680,130.00. Following the sale, the chief operating officer now owns 22,965 shares of the company’s stock, valued at approximately $473,308.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.10% of the stock is currently owned by insiders.
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.
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