Entropy Technologies LP Makes New $86,000 Investment in Denny’s Co. (NASDAQ:DENN)

Entropy Technologies LP acquired a new stake in Denny’s Co. (NASDAQ:DENN) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,374 shares of the restaurant operator’s stock, valued at approximately $86,000.

A number of other hedge funds have also modified their holdings of DENN. Allspring Global Investments Holdings LLC boosted its stake in Denny’s by 6.9% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 8,634,514 shares of the restaurant operator’s stock valued at $55,693,000 after buying an additional 558,964 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Denny’s by 2.8% in the 1st quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock valued at $29,885,000 after purchasing an additional 89,465 shares in the last quarter. First Eagle Investment Management LLC grew its holdings in shares of Denny’s by 14.1% in the 2nd quarter. First Eagle Investment Management LLC now owns 1,258,827 shares of the restaurant operator’s stock worth $8,938,000 after purchasing an additional 155,100 shares during the last quarter. Olstein Capital Management L.P. increased its position in shares of Denny’s by 2.2% during the 3rd quarter. Olstein Capital Management L.P. now owns 916,400 shares of the restaurant operator’s stock worth $5,911,000 after purchasing an additional 20,000 shares in the last quarter. Finally, Millennium Management LLC lifted its holdings in Denny’s by 1,487.7% during the 2nd quarter. Millennium Management LLC now owns 531,530 shares of the restaurant operator’s stock valued at $3,774,000 after purchasing an additional 498,051 shares during the last quarter. 85.07% of the stock is owned by institutional investors and hedge funds.

Denny’s Trading Up 0.3 %

Shares of NASDAQ DENN opened at $6.54 on Monday. The firm has a market capitalization of $335.70 million, a PE ratio of 19.82, a price-to-earnings-growth ratio of 1.39 and a beta of 2.02. The firm’s 50-day moving average is $6.46 and its 200-day moving average is $6.75. Denny’s Co. has a 1 year low of $5.37 and a 1 year high of $11.16.

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

Wall Street Analysts Forecast Growth

DENN has been the subject of several recent analyst reports. Truist Financial dropped their price objective on shares of Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a report on Monday, October 28th. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, October 31st. Wedbush decreased their target price on Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday, October 23rd. Benchmark cut their price target on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. Finally, Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $7.00 to $7.50 in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $7.70.

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.