First Eagle Investment Management LLC Acquires 110,722 Shares of Denny’s Corporation $DENN

First Eagle Investment Management LLC boosted its holdings in shares of Denny’s Corporation (NASDAQ:DENN) by 6.0% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,949,248 shares of the restaurant operator’s stock after purchasing an additional 110,722 shares during the quarter. First Eagle Investment Management LLC’s holdings in Denny’s were worth $7,992,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. XTX Topco Ltd increased its holdings in shares of Denny’s by 6.8% in the 1st quarter. XTX Topco Ltd now owns 40,763 shares of the restaurant operator’s stock worth $150,000 after buying an additional 2,601 shares during the last quarter. Fruth Investment Management lifted its holdings in shares of Denny’s by 13.2% in the 2nd quarter. Fruth Investment Management now owns 30,000 shares of the restaurant operator’s stock valued at $123,000 after acquiring an additional 3,500 shares during the last quarter. CWM LLC grew its position in Denny’s by 217.7% in the first quarter. CWM LLC now owns 6,725 shares of the restaurant operator’s stock worth $25,000 after acquiring an additional 4,608 shares in the last quarter. Vontobel Holding Ltd. grew its position in Denny’s by 45.1% in the second quarter. Vontobel Holding Ltd. now owns 23,897 shares of the restaurant operator’s stock worth $98,000 after acquiring an additional 7,430 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in Denny’s by 3.9% during the first quarter. Bank of New York Mellon Corp now owns 217,322 shares of the restaurant operator’s stock worth $798,000 after acquiring an additional 8,159 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Denny’s Stock Performance

Shares of DENN stock opened at $6.11 on Friday. The stock has a 50 day moving average price of $5.04 and a 200 day moving average price of $4.40. Denny’s Corporation has a 52-week low of $2.85 and a 52-week high of $7.66. The firm has a market capitalization of $314.66 million, a P/E ratio of 19.71 and a beta of 1.60.

Denny’s (NASDAQ:DENN) last released its earnings results on Monday, November 3rd. The restaurant operator reported $0.08 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.03). Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.The business had revenue of $113.24 million during the quarter, compared to analysts’ expectations of $116.91 million. During the same quarter in the previous year, the business earned $0.14 EPS. The business’s revenue for the quarter was up 202.6% on a year-over-year basis. As a group, sell-side analysts forecast that Denny’s Corporation will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Denny’s in a research note on Wednesday, October 8th. Mizuho upgraded Denny’s to a “hold” rating in a report on Tuesday, October 28th. Piper Sandler set a $4.00 price objective on shares of Denny’s and gave the stock a “neutral” rating in a research note on Tuesday, August 5th. Truist Financial reiterated a “hold” rating and set a $6.00 price objective on shares of Denny’s in a research report on Tuesday. Finally, Benchmark downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Denny’s currently has a consensus rating of “Hold” and a consensus price target of $5.96.

Insider Buying and Selling

In related news, insider Jumana Capital Investments Llc purchased 250,000 shares of Denny’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average price of $4.08 per share, with a total value of $1,020,000.00. Following the purchase, the insider directly owned 4,524,905 shares of the company’s stock, valued at approximately $18,461,612.40. This represents a 5.85% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last quarter, insiders have bought 433,307 shares of company stock valued at $1,945,837. Company insiders own 4.20% of the company’s stock.

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.