Walleye Capital LLC Has $1.27 Million Stock Position in Denny’s Co. (NASDAQ:DENN)

Walleye Capital LLC lowered its stake in Denny’s Co. (NASDAQ:DENNGet Rating) by 4.9% during the first quarter, Holdings Channel reports. The institutional investor owned 88,678 shares of the restaurant operator’s stock after selling 4,594 shares during the period. Walleye Capital LLC’s holdings in Denny’s were worth $1,269,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Avenir Corp grew its stake in shares of Denny’s by 2.1% in the fourth quarter. Avenir Corp now owns 30,940 shares of the restaurant operator’s stock valued at $495,000 after acquiring an additional 650 shares in the last quarter. Teacher Retirement System of Texas grew its holdings in shares of Denny’s by 19.8% during the 4th quarter. Teacher Retirement System of Texas now owns 12,321 shares of the restaurant operator’s stock worth $197,000 after purchasing an additional 2,040 shares in the last quarter. Quantbot Technologies LP bought a new position in shares of Denny’s in the first quarter worth $29,000. Advisor Group Holdings Inc. raised its stake in Denny’s by 11.3% in the first quarter. Advisor Group Holdings Inc. now owns 22,616 shares of the restaurant operator’s stock valued at $323,000 after purchasing an additional 2,305 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in Denny’s by 8.7% during the first quarter. Victory Capital Management Inc. now owns 28,857 shares of the restaurant operator’s stock worth $370,000 after purchasing an additional 2,315 shares during the period. Institutional investors and hedge funds own 84.57% of the company’s stock.

Denny’s Stock Up 1.3 %

NASDAQ DENN opened at $10.17 on Monday. Denny’s Co. has a twelve month low of $8.46 and a twelve month high of $17.40. The company has a market cap of $589.15 million, a price-to-earnings ratio of 6.48, a price-to-earnings-growth ratio of 2.20 and a beta of 1.60. The business’s fifty day moving average is $9.61 and its 200 day moving average is $10.92.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Wedbush upgraded shares of Denny’s from a “neutral” rating to an “outperform” rating and boosted their target price for the company from $10.00 to $12.50 in a research report on Tuesday, August 23rd. Citigroup boosted their price objective on shares of Denny’s to $10.50 in a research report on Tuesday, August 9th. CL King began coverage on shares of Denny’s in a research report on Monday, August 29th. They set a “buy” rating and a $14.00 price objective for the company. MKM Partners lowered their price objective on shares of Denny’s from $15.00 to $12.50 and set a “neutral” rating for the company in a research report on Friday, June 3rd. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on Denny’s from $13.00 to $11.00 in a research note on Thursday, August 4th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $14.44.

About Denny’s

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Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 29, 2021, it had 1,640 franchised, licensed, and company restaurants worldwide. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in 2002.

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Institutional Ownership by Quarter for Denny's (NASDAQ:DENN)

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