Skylands Capital LLC Boosts Stock Holdings in Denny's Corporation (NASDAQ:DENN)

Skylands Capital LLC increased its position in shares of Denny's Corporation (NASDAQ:DENN - Free Report) by 30.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 745,620 shares of the restaurant operator's stock after purchasing an additional 175,620 shares during the period. Skylands Capital LLC owned 1.45% of Denny's worth $2,736,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Park Avenue Securities LLC acquired a new position in shares of Denny's during the first quarter worth $40,000. Quarry LP grew its stake 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 purchasing an additional 6,163 shares in the last quarter. Marshall Wace LLP acquired a new position in shares of Denny's during the fourth quarter worth $61,000. RPO LLC acquired a new position in shares of Denny's during the fourth quarter worth $63,000. Finally, North Star Investment Management Corp. grew its stake in shares of Denny's by 44.8% during the first quarter. North Star Investment Management Corp. now owns 21,000 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 6,500 shares in the last quarter. Institutional investors and hedge funds own 85.07% of the company's stock.

Analyst Upgrades and Downgrades

DENN has been the subject of a number of analyst reports. Oppenheimer lowered their target price on shares of Denny's from $7.00 to $6.00 and set an "outperform" rating for the company in a research note on Tuesday, May 6th. Citigroup decreased their price objective on shares of Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a research note on Thursday, April 24th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat, Denny's has an average rating of "Moderate Buy" and an average price target of $7.46.

Denny's Trading Up 10.6%

Shares of DENN traded up $0.43 during mid-day trading on Tuesday, hitting $4.53. 770,550 shares of the company's stock were exchanged, compared to its average volume of 1,160,864. Denny's Corporation has a fifty-two week low of $2.85 and a fifty-two week high of $7.73. The firm has a market capitalization of $232.37 million, a P/E ratio of 13.71 and a beta of 1.64. The business's 50 day moving average is $4.01 and its two-hundred day moving average is $4.65.

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 for the quarter, hitting the consensus estimate of $0.08. Denny's had a net margin of 3.79% and a negative return on equity of 57.90%. The business had revenue of $111.64 million during the quarter, compared to the consensus estimate of $110.11 million. During the same quarter in the prior year, the firm earned $0.11 earnings per share. The business's quarterly revenue was up 1.5% compared to the same quarter last year. On average, equities research analysts forecast that Denny's Corporation will post 0.5 earnings per share for the current 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.