XTX Topco Ltd Invests $90,000 in Denny’s Co. (NASDAQ:DENN)

XTX Topco Ltd acquired a new position in Denny’s Co. (NASDAQ:DENN) during the second quarter, HoldingsChannel.com reports. The fund acquired 12,710 shares of the restaurant operator’s stock, valued at approximately $90,000.

Several other large investors have also added to or reduced their stakes in DENN. Quest Partners LLC acquired a new stake in Denny’s in the 2nd quarter valued at $25,000. CWM LLC grew its holdings in shares of Denny’s by 726.2% in the 2nd quarter. CWM LLC now owns 3,685 shares of the restaurant operator’s stock valued at $26,000 after acquiring an additional 3,239 shares in the last quarter. Trexquant Investment LP acquired a new stake in shares of Denny’s in the fourth quarter valued at about $136,000. Boston Partners bought a new stake in Denny’s during the first quarter worth about $193,000. Finally, State Board of Administration of Florida Retirement System boosted its position in Denny’s by 87.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 29,189 shares of the restaurant operator’s stock valued at $262,000 after purchasing an additional 13,600 shares during the last quarter. Institutional investors and hedge funds own 85.07% of the company’s stock.

Denny’s Trading Up 2.0 %

DENN opened at $6.58 on Wednesday. The stock’s fifty day simple moving average is $6.40 and its 200 day simple moving average is $7.23. Denny’s Co. has a 1-year low of $5.59 and a 1-year high of $11.16. The stock has a market cap of $342.29 million, a PE ratio of 15.30, a price-to-earnings-growth ratio of 1.35 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Tuesday, July 30th. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04). The company had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.98 million. Denny’s had a net margin of 4.19% and a negative return on equity of 57.37%. Denny’s’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.14 earnings per share. Equities analysts forecast that Denny’s Co. will post 0.55 earnings per share for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Wedbush lowered their price target on Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Truist Financial dropped their price target on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Benchmark reissued a “buy” rating and issued a $15.00 price objective on shares of Denny’s in a research report on Wednesday, July 31st. Finally, Oppenheimer dropped their target price on shares of Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $10.40.

Denny’s Company Profile

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.