Barclays PLC Grows Stock Position in Denny’s Co. (NASDAQ:DENN)

Barclays PLC increased its stake in shares of Denny’s Co. (NASDAQ:DENN) by 342.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 82,257 shares of the restaurant operator’s stock after purchasing an additional 63,668 shares during the period. Barclays PLC’s holdings in Denny’s were worth $531,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DENN. Quest Partners LLC acquired a new position in shares of Denny’s during the second quarter worth about $25,000. Quarry LP raised its holdings in Denny’s by 161.5% in the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock valued at $30,000 after acquiring an additional 2,617 shares in the last quarter. Canada Pension Plan Investment Board acquired a new position in Denny’s during the 2nd quarter worth approximately $31,000. Sanctuary Advisors LLC purchased a new stake in shares of Denny’s in the 2nd quarter valued at approximately $77,000. Finally, FMR LLC increased its position in shares of Denny’s by 95.2% in the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after purchasing an additional 5,970 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Denny’s Trading Up 3.6 %

Shares of NASDAQ DENN opened at $6.27 on Friday. The stock has a market cap of $321.83 million, a P/E ratio of 19.00, a P/E/G ratio of 1.33 and a beta of 2.01. The stock has a 50 day moving average of $6.38 and a two-hundred day moving average of $6.47. Denny’s Co. has a twelve month low of $5.37 and a twelve month high of $11.16.

Denny’s (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01). Denny’s had a net margin of 3.90% and a negative return on equity of 48.64%. The business had revenue of $111.76 million during the quarter, compared to analysts’ expectations of $115.46 million. During the same quarter last year, the company earned $0.17 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year. As a group, research analysts predict that Denny’s Co. will post 0.52 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts recently commented on DENN shares. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $7.00 to $7.50 in a research note on Friday, October 25th. Truist Financial lowered their price objective on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research report on Monday, October 28th. Benchmark cut their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a research report on Friday, October 25th. StockNews.com raised Denny’s from a “hold” rating to a “buy” rating in a report on Tuesday, December 24th. Finally, Wedbush lowered their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $7.70.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.