XTX Topco Ltd Buys 74,760 Shares of Denny’s Co. (NASDAQ:DENN)

XTX Topco Ltd boosted its position in shares of Denny’s Co. (NASDAQ:DENN) by 588.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 87,470 shares of the restaurant operator’s stock after purchasing an additional 74,760 shares during the period. XTX Topco Ltd’s holdings in Denny’s were worth $564,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its holdings in Denny’s by 8.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 21,130 shares of the restaurant operator’s stock valued at $150,000 after purchasing an additional 1,694 shares during the period. Creative Planning boosted its stake in Denny’s by 6.4% during the third quarter. Creative Planning now owns 37,669 shares of the restaurant operator’s stock valued at $243,000 after buying an additional 2,273 shares during the period. Quarry LP grew its position in Denny’s by 161.5% during the second quarter. Quarry LP now owns 4,237 shares of the restaurant operator’s stock worth $30,000 after buying an additional 2,617 shares in the last quarter. Rice Hall James & Associates LLC increased its stake in Denny’s by 3.8% in the 2nd quarter. Rice Hall James & Associates LLC now owns 76,010 shares of the restaurant operator’s stock worth $540,000 after acquiring an additional 2,775 shares during the last quarter. Finally, State Street Corp raised its holdings in shares of Denny’s by 0.3% in the 3rd quarter. State Street Corp now owns 1,175,986 shares of the restaurant operator’s stock valued at $7,585,000 after acquiring an additional 3,142 shares in the last quarter. Institutional investors own 85.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on DENN shares. Truist Financial decreased their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and increased their price target for the stock from $7.00 to $7.50 in a report on Friday, October 25th. Wedbush dropped their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Oppenheimer dropped their target price on Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a research report on Wednesday, October 23rd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $7.70.

Denny’s Stock Up 0.3 %

Shares of NASDAQ DENN opened at $6.27 on Friday. The firm’s fifty day moving average is $6.44 and its 200 day moving average is $6.56. Denny’s Co. has a 52 week low of $5.37 and a 52 week high of $11.16. The company has a market cap of $321.83 million, a price-to-earnings ratio of 19.00, a PEG ratio of 1.32 and a beta of 2.01.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). The firm had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $115.46 million. Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.17 earnings per share. Equities research analysts anticipate that Denny’s Co. will post 0.52 earnings per share for the current year.

About Denny’s

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.