UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 11,188 Shares of Denny’s Co. (NASDAQ:DENN)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its stake in Denny’s Co. (NASDAQ:DENN) by 7.8% in the 3rd quarter, Holdings Channel reports. The fund owned 132,548 shares of the restaurant operator’s stock after selling 11,188 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Denny’s were worth $855,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DENN. Allspring Global Investments Holdings LLC boosted its holdings in shares of Denny’s by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock worth $55,693,000 after purchasing an additional 558,964 shares in the last quarter. Millennium Management LLC raised 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 buying an additional 498,051 shares in the last quarter. Access Investment Management LLC bought a new stake in Denny’s in the 3rd quarter worth approximately $1,387,000. First Eagle Investment Management LLC boosted its stake in Denny’s by 14.1% in the second quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after buying an additional 155,100 shares in the last quarter. Finally, Skylands Capital LLC grew its position in Denny’s by 143.7% during the second quarter. Skylands Capital LLC now owns 259,000 shares of the restaurant operator’s stock valued at $1,839,000 after acquiring an additional 152,700 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Denny’s Stock Up 1.6 %

Shares of DENN opened at $5.82 on Friday. The firm has a fifty day simple moving average of $6.44 and a two-hundred day simple moving average of $6.54. Denny’s Co. has a twelve month low of $5.37 and a twelve month high of $11.16. The stock has a market capitalization of $298.73 million, a P/E ratio of 17.64, a PEG ratio of 1.33 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The firm had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $115.46 million. During the same quarter in the prior year, the company posted $0.17 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. Sell-side analysts expect that Denny’s Co. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

DENN has been the subject of a number of recent research reports. Oppenheimer lowered their price objective on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday, October 23rd. Truist Financial lowered their price target on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. StockNews.com raised Denny’s from a “hold” rating to a “buy” rating in a research note on Wednesday, December 11th. Wedbush decreased their price objective on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Finally, Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and increased their target price for the company from $7.00 to $7.50 in a report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $7.70.

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.