Royce & Associates LP Purchases 271,684 Shares of Denny’s Corporation $DENN

Royce & Associates LP grew its position in Denny’s Corporation (NASDAQ:DENN) by 49.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 816,042 shares of the restaurant operator’s stock after acquiring an additional 271,684 shares during the period. Royce & Associates LP’s holdings in Denny’s were worth $4,268,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of DENN. First Eagle Investment Management LLC raised its stake in Denny’s by 6.0% in 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 buying an additional 110,722 shares during the period. Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Denny’s by 170.6% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 184,898 shares of the restaurant operator’s stock worth $758,000 after acquiring an additional 116,575 shares during the last quarter. Boston Partners raised its stake in Denny’s by 56.7% in the 2nd quarter. Boston Partners now owns 3,951,187 shares of the restaurant operator’s stock valued at $16,196,000 after acquiring an additional 1,430,102 shares during the period. Los Angeles Capital Management LLC acquired a new stake in Denny’s during the 2nd quarter valued at $81,000. Finally, Skylands Capital LLC lifted its holdings in Denny’s by 12.4% during the 3rd quarter. Skylands Capital LLC now owns 932,050 shares of the restaurant operator’s stock valued at $4,875,000 after purchasing an additional 102,458 shares during the last quarter. 85.07% of the stock is owned by institutional investors.

Denny’s Stock Performance

DENN opened at $6.25 on Thursday. The stock has a fifty day moving average of $6.24 and a 200-day moving average of $5.68. The company has a market capitalization of $321.87 million, a P/E ratio of 31.25 and a beta of 1.37. Denny’s Corporation has a fifty-two week low of $2.85 and a fifty-two week high of $7.66.

Wall Street Analyst Weigh In

DENN has been the topic of several research reports. Weiss Ratings reiterated a “hold (c-)” rating on shares of Denny’s in a report on Monday, December 29th. Benchmark lowered shares of Denny’s from a “buy” rating to a “hold” rating in a research note on Wednesday, November 5th. One equities research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $5.54.

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.