Denny's Co. (NASDAQ:DENN) Shares Bought by Russell Investments Group Ltd.

Russell Investments Group Ltd. raised its holdings in Denny's Co. (NASDAQ:DENN - Free Report) by 99.7% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,138,473 shares of the restaurant operator's stock after purchasing an additional 568,266 shares during the period. Russell Investments Group Ltd. owned 2.22% of Denny's worth $6,888,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Access Investment Management LLC grew 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. State Street Corp grew its stake in shares of Denny's by 0.3% in the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator's stock valued at $7,585,000 after buying an additional 3,142 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Denny's by 0.3% during the 3rd quarter. Geode Capital Management LLC now owns 1,180,879 shares of the restaurant operator's stock valued at $7,618,000 after buying an additional 3,902 shares during the period. SG Americas Securities LLC lifted its position in Denny's by 25.3% during the 4th quarter. SG Americas Securities LLC now owns 23,272 shares of the restaurant operator's stock worth $141,000 after acquiring an additional 4,704 shares in the last quarter. Finally, FMR LLC boosted its holdings in Denny's by 95.2% in the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator's stock worth $79,000 after acquiring an additional 5,970 shares during the period. Institutional investors and hedge funds own 85.07% of the company's stock.

Insider Transactions at Denny's

In related news, CEO Kelli Valade purchased 9,700 shares of the business's stock in a transaction that occurred on Thursday, February 20th. The shares were acquired at an average price of $5.13 per share, with a total value of $49,761.00. Following the acquisition, the chief executive officer now owns 192,806 shares in the company, valued at approximately $989,094.78. This trade represents a 5.30 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Stephen C. Dunn acquired 9,815 shares of Denny's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.08 per share, with a total value of $49,860.20. Following the transaction, the executive vice president now directly owns 113,666 shares in the company, valued at approximately $577,423.28. This trade represents a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have acquired 20,465 shares of company stock worth $104,457. 4.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research firms have recently commented on DENN. Piper Sandler reduced their target price on shares of Denny's from $7.00 to $6.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 18th. StockNews.com cut shares of Denny's from a "buy" rating to a "hold" rating in a research report on Monday, January 13th. Wedbush lowered their target price on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Citigroup cut their price target on Denny's from $8.00 to $7.00 and set a "buy" rating on the stock in a research note on Thursday, February 13th. Finally, Oppenheimer lowered their price objective on Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a research note on Thursday, February 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $7.75.

Denny's Trading Up 5.1 %

Denny's stock traded up $0.15 during midday trading on Friday, hitting $3.11. The stock had a trading volume of 754,706 shares, compared to its average volume of 878,991. The business has a fifty day moving average price of $4.06 and a 200 day moving average price of $5.54. Denny's Co. has a 12 month low of $2.85 and a 12 month high of $8.41. The stock has a market cap of $160.09 million, a P/E ratio of 7.59 and a beta of 1.87.

Denny's (NASDAQ:DENN - Get Free Report) last issued its quarterly earnings results on Wednesday, February 12th. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts' consensus estimates of $0.15 by ($0.01). Denny's had a net margin of 4.77% and a negative return on equity of 50.01%. On average, equities analysts anticipate that Denny's Co. will post 0.5 EPS for the current fiscal year.

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.