Denny's Co. (NASDAQ:DENN) Shares Bought by Squarepoint Ops LLC

Squarepoint Ops LLC boosted its stake in shares of Denny's Co. (NASDAQ:DENN - Free Report) by 323.3% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 98,262 shares of the restaurant operator's stock after purchasing an additional 75,046 shares during the quarter. Squarepoint Ops LLC owned approximately 0.19% of Denny's worth $594,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of DENN. Quarry LP increased its holdings in shares of Denny's by 178.4% in the 4th quarter. Quarry LP now owns 9,618 shares of the restaurant operator's stock valued at $58,000 after acquiring an additional 6,163 shares during the last quarter. Marshall Wace LLP purchased a new position in shares of Denny's in the 4th quarter valued at about $61,000. RPO LLC purchased a new position in shares of Denny's in the 4th quarter valued at about $63,000. ProShare Advisors LLC purchased a new position in shares of Denny's in the 4th quarter valued at about $86,000. Finally, Man Group plc purchased a new position in shares of Denny's in the 4th quarter valued at about $94,000. Hedge funds and other institutional investors own 85.07% of the company's stock.

Denny's Trading Down 3.0%

Shares of NASDAQ DENN traded down $0.12 during trading hours on Thursday, reaching $3.89. The stock had a trading volume of 448,651 shares, compared to its average volume of 919,876. The firm has a market cap of $199.37 million, a price-to-earnings ratio of 9.49 and a beta of 1.63. Denny's Co. has a fifty-two week low of $2.85 and a fifty-two week high of $7.73. The firm has a 50-day moving average of $3.68 and a 200-day moving average of $4.95.

Denny's (NASDAQ:DENN - Get Free Report) last announced its earnings results on Monday, May 5th. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.08. Denny's had a negative return on equity of 50.01% and a net margin of 4.77%. The firm had revenue of $111.64 million during the quarter, compared to analysts' expectations of $110.11 million. During the same period in the prior year, the firm earned $0.11 EPS. The business's revenue was up 1.5% on a year-over-year basis. On average, equities analysts predict that Denny's Co. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on DENN shares. Oppenheimer dropped their price objective on Denny's from $7.00 to $6.00 and set an "outperform" rating on the stock in a report on Tuesday, May 6th. Wedbush decreased their target price on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Piper Sandler decreased their target price on Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Finally, Citigroup decreased their target price on Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a research report on Thursday, April 24th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target 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.