New York State Common Retirement Fund lessened its position in Denny’s Corp (NASDAQ:DENN) by 10.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 60,800 shares of the restaurant operator’s stock after selling 7,000 shares during the period. New York State Common Retirement Fund owned about 0.10% of Denny’s worth $986,000 as of its most recent filing with the SEC.
Other large investors have also recently modified their holdings of the company. Victory Capital Management Inc. lifted its position in Denny’s by 4.1% during the 4th quarter. Victory Capital Management Inc. now owns 32,189 shares of the restaurant operator’s stock valued at $522,000 after purchasing an additional 1,253 shares during the period. Atlantic Trust LLC lifted its position in Denny’s by 9.9% during the 3rd quarter. Atlantic Trust LLC now owns 37,910 shares of the restaurant operator’s stock valued at $558,000 after purchasing an additional 3,430 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in Denny’s by 61.9% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 16,475 shares of the restaurant operator’s stock valued at $243,000 after purchasing an additional 6,300 shares during the period. MetLife Investment Advisors LLC increased its stake in shares of Denny’s by 29.8% in the 3rd quarter. MetLife Investment Advisors LLC now owns 41,444 shares of the restaurant operator’s stock valued at $610,000 after acquiring an additional 9,504 shares during the last quarter. Finally, Sawgrass Asset Management LLC bought a new stake in shares of Denny’s in the 4th quarter valued at about $172,000. Institutional investors own 91.81% of the company’s stock.
NASDAQ DENN traded up $0.18 during trading hours on Friday, reaching $17.14. 222,686 shares of the company’s stock were exchanged, compared to its average volume of 381,179. Denny’s Corp has a one year low of $13.32 and a one year high of $18.94. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 25.21 and a beta of 0.18.
In other Denny’s news, CEO John C. Miller sold 125,794 shares of the stock in a transaction on Friday, February 22nd. The stock was sold at an average price of $17.95, for a total transaction of $2,258,002.30. Following the transaction, the chief executive officer now owns 587,158 shares in the company, valued at approximately $10,539,486.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP F Mark Wolfinger sold 7,500 shares of the stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $17.88, for a total value of $134,100.00. Following the transaction, the executive vice president now owns 783,480 shares in the company, valued at approximately $14,008,622.40. The disclosure for this sale can be found here. Insiders have sold a total of 158,218 shares of company stock valued at $2,841,107 in the last ninety days. Insiders own 6.10% of the company’s stock.
A number of analysts have recently commented on DENN shares. Maxim Group reaffirmed a “buy” rating and issued a $21.00 price target on shares of Denny’s in a research note on Tuesday, January 15th. Zacks Investment Research raised Denny’s from a “sell” rating to a “hold” rating in a research note on Friday. BidaskClub cut Denny’s from a “strong-buy” rating to a “buy” rating in a research note on Thursday, January 31st. Finally, Wedbush reissued a “buy” rating and set a $20.00 target price on shares of Denny’s in a research note on Monday, February 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $19.00.
Denny’s Company Profile
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.
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