Royce & Associates LP Acquires 271,684 Shares of Denny’s Corporation $DENN

Royce & Associates LP lifted its holdings in shares of Denny’s Corporation (NASDAQ:DENN) by 49.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 816,042 shares of the restaurant operator’s stock after buying an additional 271,684 shares during the quarter. Royce & Associates LP owned about 1.58% of Denny’s worth $4,268,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. AQR Capital Management LLC boosted its stake in Denny’s by 116.0% in the first quarter. AQR Capital Management LLC now owns 365,159 shares of the restaurant operator’s stock valued at $1,340,000 after acquiring an additional 196,118 shares during the last quarter. Jacobs Levy Equity Management Inc. acquired a new position in shares of Denny’s in the 1st quarter valued at $368,000. Bank of Montreal Can acquired a new position in shares of Denny’s in the 2nd quarter valued at $48,000. Savant Capital LLC boosted its position in shares of Denny’s by 21.9% in the 2nd quarter. Savant Capital LLC now owns 58,041 shares of the restaurant operator’s stock worth $238,000 after purchasing an additional 10,410 shares during the last quarter. Finally, First Eagle Investment Management LLC grew its stake in shares of Denny’s by 6.0% during the second quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock worth $7,992,000 after purchasing an additional 110,722 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have weighed in on DENN shares. Benchmark lowered Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Denny’s in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $5.54.

Denny’s Price Performance

Shares of Denny’s stock opened at $6.25 on Thursday. The company has a market capitalization of $321.87 million, a P/E ratio of 31.25 and a beta of 1.37. The business has a 50-day moving average of $6.24 and a two-hundred day moving average of $5.68. Denny’s Corporation has a 1 year low of $2.85 and a 1 year high of $7.66.

Denny’s Profile

Denny’s Corporation operates one of the largest full-service, family‐style restaurant chains in the United States, specializing in classic American diner fare. The company’s menu features breakfast, lunch and dinner offerings served around the clock, with signature items such as the Grand Slam breakfast, burgers, sandwiches and a variety of savory skillets. As a publicly traded entity under the symbol DENN on NASDAQ, Denny’s focuses on providing an accessible dining experience for a broad customer base, including families, travelers and late‐night diners.

The company’s business model combines both franchised and company‐owned locations.