Skylands Capital LLC Grows Position in Denny’s Corporation $DENN

Skylands Capital LLC lifted its position in Denny’s Corporation (NASDAQ:DENN) by 12.4% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 932,050 shares of the restaurant operator’s stock after purchasing an additional 102,458 shares during the period. Skylands Capital LLC owned about 1.81% of Denny’s worth $4,875,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in DENN. Boston Partners boosted its position in Denny’s by 56.7% during the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after buying an additional 1,430,102 shares during the period. First Eagle Investment Management LLC raised its stake in shares of Denny’s by 6.0% during the second quarter. First Eagle Investment Management LLC now owns 1,949,248 shares of the restaurant operator’s stock valued at $7,992,000 after acquiring an additional 110,722 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Denny’s by 1.1% during the second quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock worth $5,090,000 after purchasing an additional 13,816 shares during the period. Arrowstreet Capital Limited Partnership grew its stake in shares of Denny’s by 9.1% in the second quarter. Arrowstreet Capital Limited Partnership now owns 1,184,952 shares of the restaurant operator’s stock worth $4,858,000 after purchasing an additional 98,654 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Denny’s by 19.6% during the 2nd quarter. Russell Investments Group Ltd. now owns 855,660 shares of the restaurant operator’s stock valued at $3,508,000 after purchasing an additional 140,128 shares during the period. 85.07% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on DENN shares. Mizuho raised Denny’s to a “hold” rating in a research note on Tuesday, October 28th. Oppenheimer lowered shares of Denny’s from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 4th. Benchmark downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Denny’s in a research report on Monday, December 29th. Finally, Truist Financial reiterated a “hold” rating and set a $6.00 target price on shares of Denny’s in a report on Tuesday, November 4th. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, Denny’s presently has a consensus rating of “Hold” and a consensus price target of $5.96.

Denny’s Price Performance

Denny’s stock opened at $6.25 on Wednesday. Denny’s Corporation has a twelve month low of $2.85 and a twelve month high of $7.66. The stock’s 50 day moving average is $6.22 and its 200 day moving average is $5.41. The company has a market capitalization of $321.87 million, a P/E ratio of 31.25 and a beta of 1.37.

About Denny’s

Denny’s Corporation operates one of the largest full-service, family‐style restaurant chains in the United States, specializing in classic American diner fare. The company’s menu features breakfast, lunch and dinner offerings served around the clock, with signature items such as the Grand Slam breakfast, burgers, sandwiches and a variety of savory skillets. As a publicly traded entity under the symbol DENN on NASDAQ, Denny’s focuses on providing an accessible dining experience for a broad customer base, including families, travelers and late‐night diners.

The company’s business model combines both franchised and company‐owned locations.