Skylands Capital LLC Raises Stake in Denny’s Co. (NASDAQ:DENN)

Skylands Capital LLC increased its position in shares of Denny’s Co. (NASDAQ:DENN) by 28.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 570,000 shares of the restaurant operator’s stock after purchasing an additional 126,850 shares during the period. Skylands Capital LLC owned 1.11% of Denny’s worth $3,448,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. FMR LLC lifted its stake in Denny’s by 95.2% during the third quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 5,970 shares during the last quarter. Intech Investment Management LLC purchased a new stake in shares of Denny’s during the 3rd quarter worth approximately $83,000. Entropy Technologies LP acquired a new position in shares of Denny’s in the 3rd quarter valued at $86,000. SG Americas Securities LLC acquired a new stake in Denny’s during the 3rd quarter worth $120,000. Finally, Olympiad Research LP purchased a new stake in Denny’s in the third quarter valued at $180,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Truist Financial reduced their target price on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Piper Sandler lowered their price objective 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. Wedbush reduced their price objective on Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a research note on Thursday, February 13th. Finally, Citigroup cut their price target on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $7.75.

Denny’s Trading Up 4.2 %

NASDAQ:DENN opened at $5.33 on Monday. Denny’s Co. has a 12-month low of $4.82 and a 12-month high of $9.52. The company’s 50-day moving average is $6.00 and its two-hundred day moving average is $6.23. The firm has a market cap of $273.33 million, a price-to-earnings ratio of 12.99 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Wednesday, February 12th. 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 4.77% and a negative return on equity of 50.01%. On average, equities research analysts forecast that Denny’s Co. will post 0.5 earnings per share for the current fiscal year.

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.