Charles Schwab Investment Management Inc. Has $3.20 Million Holdings in Denny’s Co. (NASDAQ:DENN)

Charles Schwab Investment Management Inc. trimmed its stake in Denny’s Co. (NASDAQ:DENN) by 16.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 529,182 shares of the restaurant operator’s stock after selling 105,338 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Denny’s were worth $3,202,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. FMR LLC lifted its holdings in Denny’s by 95.2% in the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after buying an additional 5,970 shares during the period. Intech Investment Management LLC acquired a new position in Denny’s in the third quarter valued at approximately $83,000. SG Americas Securities LLC increased its stake in shares of Denny’s by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator’s stock valued at $141,000 after acquiring an additional 4,704 shares in the last quarter. JPMorgan Chase & Co. boosted its stake in Denny’s by 244.0% during the third quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator’s stock worth $489,000 after acquiring an additional 53,763 shares in the last quarter. Finally, Barclays PLC increased its stake in Denny’s by 342.5% in the third quarter. Barclays PLC now owns 82,257 shares of the restaurant operator’s stock valued at $531,000 after purchasing an additional 63,668 shares in the last quarter. 85.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Stephen C. Dunn acquired 9,815 shares of the stock in a transaction on Wednesday, February 26th. The stock was purchased at an average price of $5.08 per share, for a total transaction of $49,860.20. Following the completion of the transaction, the executive vice president now owns 113,666 shares of the company’s stock, valued at $577,423.28. This trade represents a 9.45 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Kelli Valade bought 9,700 shares of the business’s stock in a transaction dated Thursday, February 20th. The stock was purchased at an average price of $5.13 per share, for a total transaction of $49,761.00. Following the acquisition, the chief executive officer now directly owns 192,806 shares of the company’s stock, valued at approximately $989,094.78. The trade was a 5.30 % increase in their position. The disclosure for this purchase can be found here. Over the last three months, insiders have purchased 20,465 shares of company stock worth $104,457. Insiders own 4.20% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Citigroup decreased their price objective on Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Oppenheimer cut their target price on Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday, February 13th. Wedbush lowered their price target on Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research report on Thursday, February 13th. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, Piper Sandler cut their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 18th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.75.

Denny’s Stock Performance

Shares of DENN opened at $4.00 on Friday. The firm has a market cap of $206.44 million, a P/E ratio of 9.76 and a beta of 2.08. Denny’s Co. has a fifty-two week low of $3.75 and a fifty-two week high of $9.25. The business has a 50-day moving average of $5.19 and a 200 day moving average of $5.92.

Denny’s (NASDAQ:DENN) last posted its earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a net margin of 4.77% and a negative return on equity of 50.01%. As a group, research analysts predict that Denny’s Co. will post 0.5 earnings per share for the current fiscal year.

Denny’s 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.