Assenagon Asset Management S.A. purchased a new stake in Denny’s Co. (NASDAQ:DENN – Free Report) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 33,587 shares of the restaurant operator’s stock, valued at approximately $217,000. Assenagon Asset Management S.A. owned approximately 0.06% of Denny’s at the end of the most recent quarter.
Other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its stake in shares of Denny’s by 6.9% during the third quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after buying an additional 558,964 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Denny’s by 1,487.7% during the 2nd quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator’s stock valued at $3,774,000 after acquiring an additional 498,051 shares in the last quarter. First Eagle Investment Management LLC grew its position in Denny’s by 14.1% during the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after acquiring an additional 155,100 shares during the last quarter. Skylands Capital LLC increased its holdings in Denny’s by 143.7% in the 2nd quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator’s stock worth $1,839,000 after purchasing an additional 152,700 shares in the last quarter. Finally, Vanguard Group Inc. raised its position in Denny’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock valued at $29,885,000 after purchasing an additional 89,465 shares during the last quarter. 85.07% of the stock is currently owned by institutional investors and hedge funds.
Denny’s Stock Up 1.6 %
DENN stock opened at $6.51 on Monday. The firm has a market cap of $334.16 million, a price-to-earnings ratio of 19.73, a PEG ratio of 1.36 and a beta of 2.02. The company’s fifty day simple moving average is $6.35 and its 200 day simple moving average is $6.86. Denny’s Co. has a 12-month low of $5.37 and a 12-month high of $11.16.
Wall Street Analysts Forecast Growth
DENN has been the topic of several research reports. Oppenheimer reduced their price target on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday, October 23rd. Wedbush decreased their price target on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday, October 23rd. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Thursday. Truist Financial lowered their target price 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. Finally, Benchmark reduced their price target 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $7.70.
Check Out Our Latest Research Report on Denny’s
About Denny’s
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.
Featured Articles
- Five stocks we like better than Denny’s
- Find and Profitably Trade Stocks at 52-Week Lows
- From PACs to Portfolios: Billionaire Bets and Investor Reactions
- Options Trading – Understanding Strike Price
- AppLovin Stock Quadruples: What’s Behind the Bullish Sentiment?
- Should You Add These Warren Buffett Stocks to Your Portfolio?
- Battle of the Retailers: Who Comes Out on Top?
Want to see what other hedge funds are holding DENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denny’s Co. (NASDAQ:DENN – Free Report).
Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.