Nuveen LLC Takes Position in Denny's Corporation $DENN

Key Points

• Nuveen LLC acquired 187,513 shares of Denny's Corporation for approximately $688,000, reflecting a 0.37% ownership stake.
• Among other institutional investors, CWM LLC increased its stake in Denny's by 217.7%, acquiring an additional 4,608 shares, while several others also made new investments in the company.
• Denny's reported a quarterly EPS of $0.09, missing analyst estimates, and anticipates a consensus target price of $6.46, with a current market capitalization of $229.69 million.

Nuveen LLC purchased a new position in shares of Denny's Corporation (NASDAQ:DENN - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 187,513 shares of the restaurant operator's stock, valued at approximately $688,000. Nuveen LLC owned approximately 0.37% of Denny's at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC lifted its stake in shares of Denny's by 217.7% in the 1st quarter. CWM LLC now owns 6,725 shares of the restaurant operator's stock valued at $25,000 after purchasing an additional 4,608 shares during the period. Marshall Wace LLP bought a new stake in Denny's during the 4th quarter valued at $61,000. Park Avenue Securities LLC acquired a new position in Denny's in the 1st quarter worth approximately $40,000. Cerity Partners LLC acquired a new stake in shares of Denny's during the 1st quarter valued at about $41,000. Finally, Gilbert & Cook Inc. acquired a new position in shares of Denny's during the 1st quarter worth approximately $44,000. 85.07% of the stock is currently owned by institutional investors.

Denny's Trading Up 6.0%

Shares of NASDAQ:DENN traded up $0.28 during midday trading on Monday, reaching $4.89. The company had a trading volume of 766,994 shares, compared to its average volume of 1,022,603. The company's 50 day moving average price is $4.17 and its 200 day moving average price is $4.02. Denny's Corporation has a 52-week low of $2.85 and a 52-week high of $7.73. The stock has a market cap of $251.58 million, a P/E ratio of 15.63 and a beta of 1.62.

Denny's (NASDAQ:DENN - Get Free Report) last released its quarterly earnings data on Monday, August 4th. The restaurant operator reported $0.09 EPS for the quarter, missing the consensus estimate of $0.10 by ($0.01). The business had revenue of $117.66 million for the quarter, compared to analysts' expectations of $118.14 million. Denny's had a net margin of 3.53% and a negative return on equity of 59.51%. The company's quarterly revenue was up 1.0% on a year-over-year basis. During the same period last year, the business earned $0.13 earnings per share. Research analysts forecast that Denny's Corporation will post 0.5 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on DENN. Piper Sandler set a $4.00 price target on shares of Denny's and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Benchmark dropped their target price on shares of Denny's from $8.00 to $6.00 and set a "buy" rating on the stock in a report on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Denny's has an average rating of "Moderate Buy" and a consensus price target of $6.46.

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.