CastleKnight Management LP Has $992,000 Stock Holdings in Denny's Co. (NASDAQ:DENN)

CastleKnight Management LP increased its holdings in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 87.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 164,000 shares of the restaurant operator's stock after purchasing an additional 76,300 shares during the period. CastleKnight Management LP owned approximately 0.32% of Denny's worth $992,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of DENN. Quarry LP boosted its position in shares of Denny's by 178.4% during the fourth quarter. Quarry LP now owns 9,618 shares of the restaurant operator's stock worth $58,000 after buying an additional 6,163 shares during the period. Marshall Wace LLP bought a new stake in Denny's in the 4th quarter valued at approximately $61,000. RPO LLC acquired a new position in Denny's during the 4th quarter worth approximately $63,000. Boothbay Fund Management LLC bought a new position in shares of Denny's during the 4th quarter worth approximately $120,000. Finally, Two Sigma Securities LLC acquired a new stake in shares of Denny's in the fourth quarter valued at approximately $121,000. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Denny's news, EVP Stephen C. Dunn bought 9,815 shares of Denny's stock in a transaction dated Wednesday, February 26th. The stock was bought at an average price of $5.08 per share, with a total value of $49,860.20. Following the completion of the transaction, the executive vice president now owns 113,666 shares in the company, valued at $577,423.28. The trade was a 9.45 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Kelli Valade purchased 9,700 shares of the stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average cost of $5.13 per share, for a total transaction of $49,761.00. Following the completion of the transaction, the chief executive officer now owns 192,806 shares of the company's stock, valued at $989,094.78. This trade represents a 5.30 % increase in their position. The disclosure for this purchase can be found here. In the last 90 days, insiders purchased 20,465 shares of company stock valued at $104,457. Company insiders own 4.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DENN. Citigroup decreased their target price on shares of Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a research report on Thursday, April 24th. Oppenheimer lowered their target price on Denny's from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday. Wedbush dropped their target price on 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 decreased their price target on Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, StockNews.com cut Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $7.46.

Denny's Price Performance

NASDAQ DENN traded up $0.11 during trading on Friday, reaching $4.47. 1,280,475 shares of the company's stock were exchanged, compared to its average volume of 917,096. Denny's Co. has a fifty-two week low of $2.85 and a fifty-two week high of $8.30. The stock has a market capitalization of $229.09 million, a P/E ratio of 10.90 and a beta of 1.63. The business has a 50 day moving average price of $3.68 and a 200-day moving average price of $5.27.

Denny's (NASDAQ:DENN - Get Free Report) last announced its quarterly earnings results on Monday, May 5th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08. Denny's had a negative return on equity of 50.01% and a net margin of 4.77%. The business had revenue of $111.64 million during the quarter, compared to the consensus estimate of $110.11 million. During the same quarter last year, the firm posted $0.11 EPS. The company's quarterly revenue was up 1.5% on a year-over-year basis. On average, analysts forecast 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.