Jane Street Group LLC Sells 6,067 Shares of Denny’s Co. (NASDAQ:DENN)

Jane Street Group LLC lessened its holdings in Denny’s Co. (NASDAQ:DENN) by 6.0% in the third quarter, HoldingsChannel reports. The fund owned 95,487 shares of the restaurant operator’s stock after selling 6,067 shares during the period. Jane Street Group LLC’s holdings in Denny’s were worth $616,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of DENN. The Manufacturers Life Insurance Company raised its stake in Denny’s by 8.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,130 shares of the restaurant operator’s stock worth $150,000 after acquiring an additional 1,694 shares in the last quarter. Creative Planning raised its stake in Denny’s by 6.4% during the third quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 2,273 shares in the last quarter. Quarry LP raised its stake in Denny’s by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after acquiring an additional 2,617 shares in the last quarter. Rice Hall James & Associates LLC raised its stake in Denny’s by 3.8% during the second quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock worth $540,000 after acquiring an additional 2,775 shares in the last quarter. Finally, State Street Corp raised its stake in Denny’s by 0.3% during the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock worth $7,585,000 after acquiring an additional 3,142 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Wall Street Analysts Forecast Growth

DENN has been the subject of several research analyst reports. Citigroup raised 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. Wedbush lowered their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, October 23rd. Benchmark lowered their price objective on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research note on Friday, October 25th. Oppenheimer lowered their price objective on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research note on Wednesday, October 23rd. Finally, 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 note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat, Denny’s has a consensus rating of “Moderate Buy” and an average price target of $7.70.

Denny’s Price Performance

Shares of DENN stock opened at $6.41 on Friday. The business’s 50 day simple moving average is $6.37 and its 200 day simple moving average is $6.47. Denny’s Co. has a one year low of $5.37 and a one year high of $11.16. The stock has a market capitalization of $329.02 million, a PE ratio of 19.42, a PEG ratio of 1.33 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last announced its 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 company had revenue of $111.76 million during the quarter, compared to the consensus estimate of $115.46 million. During the same quarter in the previous year, the company earned $0.17 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis. As a group, research analysts expect that Denny’s Co. will post 0.52 earnings per share for the current 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.