Aigen Investment Management LP Lowers Position in Denny’s Co. (NASDAQ:DENN)

Aigen Investment Management LP trimmed its position in Denny’s Co. (NASDAQ:DENN) by 13.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,669 shares of the restaurant operator’s stock after selling 7,792 shares during the period. Aigen Investment Management LP owned 0.10% of Denny’s worth $551,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in DENN. Quest Partners LLC bought a new stake in Denny’s during the fourth quarter worth about $96,000. Trexquant Investment LP bought a new position in Denny’s during the 4th quarter valued at approximately $136,000. First Eagle Investment Management LLC raised its stake in Denny’s by 17.4% during the fourth quarter. First Eagle Investment Management LLC now owns 957,069 shares of the restaurant operator’s stock valued at $10,413,000 after buying an additional 141,584 shares during the last quarter. Quadrant Capital Group LLC boosted its holdings in Denny’s by 126.7% in the fourth quarter. Quadrant Capital Group LLC now owns 4,538 shares of the restaurant operator’s stock worth $49,000 after acquiring an additional 2,536 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Denny’s by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 792,732 shares of the restaurant operator’s stock worth $8,625,000 after acquiring an additional 20,181 shares during the last quarter. Institutional investors own 85.07% of the company’s stock.

Insider Buying and Selling at Denny’s

In other news, Director John C. Miller sold 35,359 shares of the firm’s stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $9.25, for a total value of $327,070.75. Following the transaction, the director now owns 740,626 shares of the company’s stock, valued at $6,850,790.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 4.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Oppenheimer dropped their price target on shares of Denny’s from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 1st. Truist Financial reduced their price target on shares of Denny’s from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Benchmark reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Denny’s in a research report on Wednesday, May 1st. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Wedbush lowered their price target on Denny’s from $10.50 to $9.50 and set a “neutral” rating on the stock in a report on Friday, April 26th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Denny’s currently has a consensus rating of “Hold” and a consensus target price of $11.42.

Denny’s Stock Performance

Shares of NASDAQ:DENN opened at $7.28 on Thursday. Denny’s Co. has a 52-week low of $7.24 and a 52-week high of $12.53. The stock has a market capitalization of $378.71 million, a price-to-earnings ratio of 16.93, a PEG ratio of 1.37 and a beta of 1.94. The stock’s 50-day simple moving average is $8.37 and its two-hundred day simple moving average is $9.44.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, April 30th. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03). The business had revenue of $109.97 million during the quarter, compared to analysts’ expectations of $115.17 million. Denny’s had a negative return on equity of 63.27% and a net margin of 5.27%. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.13 EPS. As a group, equities analysts forecast that Denny’s Co. will post 0.6 earnings per share for the current fiscal year.

Denny’s Profile

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.