Los Angeles Capital Management LLC Has $235,000 Holdings in Denny’s Co. (NASDAQ:DENN)

Los Angeles Capital Management LLC trimmed its position in Denny’s Co. (NASDAQ:DENN) by 17.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 38,860 shares of the restaurant operator’s stock after selling 8,300 shares during the quarter. Los Angeles Capital Management LLC owned 0.08% of Denny’s worth $235,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Creative Planning increased its holdings in Denny’s by 6.4% in the 3rd quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 2,273 shares during the period. Access Investment Management LLC increased its stake in Denny’s by 1.5% in the fourth quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator’s stock valued at $1,320,000 after acquiring an additional 3,135 shares during the period. State Street Corp increased its stake in Denny’s by 0.3% in the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock valued at $7,585,000 after acquiring an additional 3,142 shares during the period. Geode Capital Management LLC raised its position in Denny’s by 0.3% in the third quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after purchasing an additional 3,902 shares in the last quarter. Finally, SG Americas Securities LLC lifted its stake in Denny’s by 25.3% during the fourth quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator’s stock worth $141,000 after purchasing an additional 4,704 shares during the period. 85.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on DENN shares. Citigroup dropped their target price on Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a report on Thursday, February 13th. Wedbush reduced their target price on shares of Denny’s from $10.00 to $8.50 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Oppenheimer dropped their target price on shares of Denny’s from $8.00 to $7.00 and set an “outperform” rating for the company in a research report on Thursday, February 13th. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Piper Sandler decreased 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 note on Tuesday, February 18th. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $7.75.

Insiders Place Their Bets

In other Denny’s news, CEO Kelli Valade bought 9,700 shares of the business’s stock in a transaction on Thursday, February 20th. The shares were bought at an average cost of $5.13 per share, for a total transaction of $49,761.00. Following the transaction, the chief executive officer now owns 192,806 shares in the company, valued at approximately $989,094.78. This trade represents a 5.30 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Stephen C. Dunn purchased 9,815 shares of the stock in a transaction dated Wednesday, February 26th. The shares were acquired at an average price of $5.08 per share, with a total value of $49,860.20. Following the transaction, the executive vice president now owns 113,666 shares in the company, valued at $577,423.28. This trade represents a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 20,465 shares of company stock valued at $104,457. 4.20% of the stock is currently owned by corporate insiders.

Denny’s Stock Down 2.0 %

Shares of NASDAQ DENN opened at $4.46 on Wednesday. Denny’s Co. has a 12-month low of $4.38 and a 12-month high of $9.53. The firm’s 50-day simple moving average is $5.86 and its 200 day simple moving average is $6.19. The company has a market cap of $230.19 million, a price-to-earnings ratio of 10.88 and a beta of 2.08.

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

About Denny’s

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.