Denny’s Corporation $DENN Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP lowered its position in Denny’s Corporation (NASDAQ:DENN) by 65.9% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 79,507 shares of the restaurant operator’s stock after selling 153,666 shares during the period. GSA Capital Partners LLP owned approximately 0.15% of Denny’s worth $416,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Skylands Capital LLC boosted its position in Denny’s by 12.4% during the third quarter. Skylands Capital LLC now owns 932,050 shares of the restaurant operator’s stock worth $4,875,000 after purchasing an additional 102,458 shares in the last quarter. SG Americas Securities LLC acquired a new position in shares of Denny’s during the 3rd quarter worth $58,000. Captrust Financial Advisors acquired a new position in shares of Denny’s during the 2nd quarter worth $288,000. Monimus Capital Management LP purchased a new stake in shares of Denny’s in the 2nd quarter worth about $1,307,000. Finally, Man Group plc acquired a new stake in Denny’s in the 2nd quarter valued at about $120,000. 85.07% of the stock is owned by hedge funds and other institutional investors.

Denny’s Stock Performance

Denny’s stock opened at $6.25 on Thursday. The stock has a fifty day moving average price of $6.24 and a 200 day moving average price of $5.60. Denny’s Corporation has a 52 week low of $2.85 and a 52 week high of $7.66. The firm has a market capitalization of $321.87 million, a P/E ratio of 31.25 and a beta of 1.37.

Wall Street Analysts Forecast Growth

DENN has been the subject of a number of research reports. Truist Financial restated a “hold” rating and set a $6.00 target price on shares of Denny’s in a research report on Tuesday, November 4th. Benchmark downgraded Denny’s from a “buy” rating to a “hold” rating in a research report on Wednesday, November 5th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Denny’s in a research note on Monday, December 29th. Finally, Oppenheimer downgraded Denny’s from an “outperform” rating to a “market perform” rating in a research report on Tuesday, November 4th. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $5.54.

Denny’s Company Profile

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.