Access Investment Management LLC Boosts Holdings in Denny’s Co. (NASDAQ:DENN)

Access Investment Management LLC grew its position in Denny’s Co. (NASDAQ:DENN) by 1.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 218,235 shares of the restaurant operator’s stock after buying an additional 3,135 shares during the period. Access Investment Management LLC owned 0.43% of Denny’s worth $1,320,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Creative Planning lifted its holdings in shares of Denny’s by 6.4% in the 3rd quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock worth $243,000 after acquiring an additional 2,273 shares during the last quarter. State Street Corp lifted its holdings in shares of Denny’s by 0.3% in the 3rd 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 during the last quarter. Geode Capital Management LLC lifted its holdings in shares of Denny’s by 0.3% in the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator’s stock worth $7,618,000 after acquiring an additional 3,902 shares during the last quarter. SG Americas Securities LLC lifted its holdings in shares of Denny’s by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator’s stock worth $141,000 after acquiring an additional 4,704 shares during the last quarter. Finally, FMR LLC lifted its holdings in shares of Denny’s by 95.2% in the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock worth $79,000 after acquiring an additional 5,970 shares during the last quarter. Hedge funds and other institutional investors own 85.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on DENN. StockNews.com lowered shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Piper Sandler reduced their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Tuesday, February 18th. Citigroup reduced their target price on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating on the stock 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 report on Thursday, February 13th. Finally, Oppenheimer reduced their target price on shares of Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a report on Thursday, February 13th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $7.75.

Denny’s Trading Up 4.2 %

Shares of DENN opened at $5.33 on Friday. Denny’s Co. has a twelve month low of $4.82 and a twelve month high of $9.52. The firm’s fifty day simple moving average is $6.00 and its 200-day simple moving average is $6.23. The firm has a market capitalization of $273.33 million, a price-to-earnings ratio of 12.99 and a beta of 2.02.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Wednesday, February 12th. 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 net margin of 4.77% and a negative return on equity of 50.01%. On average, analysts predict that Denny’s Co. will post 0.5 earnings per share for the current fiscal 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.