Olstein Capital Management L.P. Has $3.57 Million Stake in Denny’s Co. (NASDAQ:DENN)

Olstein Capital Management L.P. increased its position in Denny’s Co. (NASDAQ:DENN) by 6.2% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 973,000 shares of the restaurant operator’s stock after buying an additional 56,600 shares during the period. Olstein Capital Management L.P. owned 1.89% of Denny’s worth $3,571,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Price T Rowe Associates Inc. MD increased its stake in shares of Denny’s by 4.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 63,166 shares of the restaurant operator’s stock worth $383,000 after purchasing an additional 2,408 shares during the last quarter. Access Investment Management LLC boosted its holdings in Denny’s by 1.5% in the fourth quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator’s stock worth $1,320,000 after purchasing an additional 3,135 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Denny’s by 0.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 759,837 shares of the restaurant operator’s stock worth $4,597,000 after purchasing an additional 3,538 shares in the last quarter. SG Americas Securities LLC increased its position in Denny’s by 25.3% during the fourth quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator’s stock worth $141,000 after buying an additional 4,704 shares during the last quarter. Finally, Quarry LP raised its holdings in Denny’s by 178.4% during the fourth quarter. Quarry LP now owns 9,618 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 6,163 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Analyst Ratings Changes

DENN has been the subject of several recent analyst reports. Citigroup decreased their price target on Denny’s from $7.00 to $6.25 and set a “buy” rating for the company in a research note on Thursday, April 24th. Wedbush reduced their target price on Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a report on Thursday, February 13th. Oppenheimer lowered their price target on Denny’s from $7.00 to $6.00 and set an “outperform” rating on the stock in a report on Tuesday, May 6th. Finally, Piper Sandler dropped their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $7.46.

Denny’s Stock Performance

Shares of NASDAQ:DENN opened at $4.03 on Monday. The stock’s 50-day moving average is $3.69 and its 200-day moving average is $4.90. The company has a market cap of $206.54 million, a P/E ratio of 9.83 and a beta of 1.64. Denny’s Co. has a 52-week low of $2.85 and a 52-week high of $7.73.

Denny’s (NASDAQ:DENN) last released its earnings results on Monday, May 5th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.08. The firm had revenue of $111.64 million for the quarter, compared to analyst estimates of $110.11 million. Denny’s had a negative return on equity of 50.01% and a net margin of 4.77%. The company’s revenue was up 1.5% on a year-over-year basis. During the same quarter last year, the firm posted $0.11 EPS. As a group, equities analysts predict that Denny’s Co. will post 0.5 EPS for the current year.

About Denny’s

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.