Denny’s Co. (NASDAQ:DENN) Shares Bought by EntryPoint Capital LLC

EntryPoint Capital LLC grew its holdings in Denny’s Co. (NASDAQ:DENN) by 138.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 25,783 shares of the restaurant operator’s stock after buying an additional 14,985 shares during the period. EntryPoint Capital LLC owned 0.05% of Denny’s worth $156,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Intech Investment Management LLC purchased a new stake in shares of Denny’s in the third quarter valued at about $83,000. FMR LLC raised its position in shares of Denny’s by 95.2% during the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock valued at $79,000 after buying an additional 5,970 shares during the period. Hotchkis & Wiley Capital Management LLC lifted its holdings in Denny’s by 73.2% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 1,381,120 shares of the restaurant operator’s stock valued at $8,908,000 after acquiring an additional 583,660 shares during the last quarter. State Street Corp grew its position in Denny’s by 0.3% in the third quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock worth $7,585,000 after acquiring an additional 3,142 shares during the period. Finally, XTX Topco Ltd grew its position in Denny’s by 588.2% in the third quarter. XTX Topco Ltd now owns 87,470 shares of the restaurant operator’s stock worth $564,000 after acquiring an additional 74,760 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. Wedbush decreased their price target on Denny’s from $10.00 to $8.50 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Citigroup lowered their target price on shares of Denny’s from $8.00 to $7.00 and set a “buy” rating for the company in a research note on Thursday, February 13th. Oppenheimer reduced their price target on shares of Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a research note on Thursday, February 13th. Piper Sandler lowered their price objective on shares of 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, StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $7.75.

Denny’s Stock Performance

Shares of DENN stock opened at $3.87 on Friday. The stock has a market capitalization of $199.73 million, a P/E ratio of 9.44 and a beta of 2.08. Denny’s Co. has a fifty-two week low of $3.75 and a fifty-two week high of $9.01. The company has a 50 day moving average price of $5.15 and a 200 day moving average price of $5.91.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data 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 negative return on equity of 50.01% and a net margin of 4.77%. On average, research analysts forecast that Denny’s Co. will post 0.5 EPS for the current fiscal year.

Insiders Place Their Bets

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

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.