Wellington Management Group LLP Buys 267,694 Shares of Denny's Co. (NASDAQ:DENN)

Wellington Management Group LLP raised its holdings in Denny's Co. (NASDAQ:DENN - Free Report) by 20.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,559,063 shares of the restaurant operator's stock after buying an additional 267,694 shares during the quarter. Wellington Management Group LLP owned 3.02% of Denny's worth $9,432,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of DENN. JPMorgan Chase & Co. increased its holdings in Denny's by 244.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 75,797 shares of the restaurant operator's stock valued at $489,000 after buying an additional 53,763 shares during the period. SG Americas Securities LLC increased its holdings in Denny's by 25.3% in the 4th quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator's stock valued at $141,000 after buying an additional 4,704 shares during the period. Access Investment Management LLC increased its holdings in Denny's by 1.5% in the 4th quarter. Access Investment Management LLC now owns 218,235 shares of the restaurant operator's stock valued at $1,320,000 after buying an additional 3,135 shares during the period. Skylands Capital LLC grew its holdings in shares of Denny's by 28.6% in the 4th quarter. Skylands Capital LLC now owns 570,000 shares of the restaurant operator's stock worth $3,448,000 after purchasing an additional 126,850 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of Denny's by 5.0% in the 4th quarter. Bank of New York Mellon Corp now owns 209,163 shares of the restaurant operator's stock worth $1,265,000 after purchasing an additional 10,007 shares during the last quarter. Institutional investors own 85.07% of the company's stock.

Denny's Stock Performance

Denny's stock traded up $0.03 during trading hours on Wednesday, reaching $4.01. 363,152 shares of the company's stock traded hands, compared to its average volume of 919,738. 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 market capitalization of $205.52 million, a price-to-earnings ratio of 9.78 and a beta of 1.63. The firm's 50 day moving average is $3.68 and its 200-day moving average is $4.96.

Denny's (NASDAQ:DENN - Get Free Report) last released 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 net margin of 4.77% and a negative return on equity of 50.01%. The company had revenue of $111.64 million for the quarter, compared to the consensus estimate of $110.11 million. During the same period in the prior year, the company posted $0.11 EPS. The company's revenue was up 1.5% compared to the same quarter last year. Analysts predict that Denny's Co. will post 0.5 EPS for the current year.

Analyst Upgrades and Downgrades

DENN has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a report on Tuesday, February 18th. Oppenheimer reduced their price target 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. Citigroup reduced their price target on shares of Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a research report on Thursday, April 24th. Finally, Wedbush reduced their price target on shares of Denny's from $10.00 to $8.50 and set an "outperform" rating on the stock in a research report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $7.46.

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.