Denny's Corporation (NASDAQ:DENN) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC lowered its holdings in shares of Denny's Corporation (NASDAQ:DENN - Free Report) by 3.9% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,185,529 shares of the restaurant operator's stock after selling 334,781 shares during the quarter. Allspring Global Investments Holdings LLC owned 15.90% of Denny's worth $31,105,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Boston Partners increased its position in shares of Denny's by 2,820.6% during the fourth quarter. Boston Partners now owns 1,665,893 shares of the restaurant operator's stock worth $10,081,000 after acquiring an additional 1,608,854 shares during the period. First Eagle Investment Management LLC grew its stake in Denny's by 19.7% in the fourth quarter. First Eagle Investment Management LLC now owns 1,665,680 shares of the restaurant operator's stock worth $10,077,000 after purchasing an additional 274,459 shares in the last quarter. Wellington Management Group LLP increased its holdings in Denny's by 20.7% during the 4th quarter. Wellington Management Group LLP now owns 1,559,063 shares of the restaurant operator's stock worth $9,432,000 after purchasing an additional 267,694 shares during the period. Arrowstreet Capital Limited Partnership raised its position in Denny's by 24.9% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 1,265,381 shares of the restaurant operator's stock valued at $7,656,000 after purchasing an additional 251,874 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of Denny's by 0.6% in the 4th quarter. Geode Capital Management LLC now owns 1,187,850 shares of the restaurant operator's stock worth $7,188,000 after buying an additional 6,971 shares during the period. Hedge funds and other institutional investors own 85.07% of the company's stock.

Denny's Stock Performance

Shares of NASDAQ:DENN traded up $0.14 during midday trading on Wednesday, reaching $4.66. 430,663 shares of the company's stock traded hands, compared to its average volume of 904,845. The company has a fifty day simple moving average of $4.03 and a two-hundred day simple moving average of $4.65. Denny's Corporation has a 1 year low of $2.85 and a 1 year high of $7.73. The company has a market cap of $238.83 million, a P/E ratio of 14.12 and a beta of 1.65.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings results on Monday, May 5th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.08. The firm had revenue of $111.64 million for the quarter, compared to analyst estimates of $110.11 million. Denny's had a negative return on equity of 57.90% and a net margin of 3.79%. The business's revenue was up 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.11 earnings per share. As a group, research analysts forecast that Denny's Corporation will post 0.5 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Oppenheimer dropped their target price on shares of Denny's from $7.00 to $6.00 and set an "outperform" rating on the stock in a research report on Tuesday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $7.46.

Denny's Company 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.