Access Investment Management LLC Raises Stake in Denny’s Co. (NASDAQ:DENN)

Access Investment Management LLC boosted its holdings in shares of Denny’s Co. (NASDAQ:DENN) by 1.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 218,235 shares of the restaurant operator’s stock after purchasing an additional 3,135 shares during the period. Access Investment Management LLC’s holdings in Denny’s were worth $1,320,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of DENN. SG Americas Securities LLC purchased a new position in Denny’s during the 3rd quarter worth $120,000. Creative Planning boosted its holdings in shares of Denny’s by 6.4% in the third quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock valued at $243,000 after acquiring an additional 2,273 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Denny’s in the third quarter valued at about $217,000. Ballentine Partners LLC purchased a new stake in shares of Denny’s in the third quarter valued at about $428,000. Finally, Rice Hall James & Associates LLC boosted its holdings in shares of Denny’s by 22.9% in the third quarter. Rice Hall James & Associates LLC now owns 93,440 shares of the restaurant operator’s stock valued at $603,000 after acquiring an additional 17,430 shares in the last quarter. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny’s Stock Up 4.2 %

Shares of NASDAQ DENN opened at $5.33 on Friday. Denny’s Co. has a 52 week low of $4.82 and a 52 week high of $9.52. The firm has a 50-day moving average price of $6.00 and a 200 day moving average price of $6.23. The stock 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 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%. Equities research analysts expect that Denny’s Co. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the stock. StockNews.com downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Citigroup lowered 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 lowered 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. Piper Sandler lowered 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. Finally, Oppenheimer lowered 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 equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Denny’s currently has a consensus rating of “Moderate Buy” and an average price target of $7.75.

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.