First Republic Investment Management Inc. Has $209,000 Holdings in Denny’s Corp (DENN)

First Republic Investment Management Inc. lessened its holdings in shares of Denny’s Corp (NASDAQ:DENN) by 42.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 11,400 shares of the restaurant operator’s stock after selling 8,492 shares during the quarter. First Republic Investment Management Inc.’s holdings in Denny’s were worth $209,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in DENN. Vanguard Group Inc lifted its holdings in shares of Denny’s by 1.6% in the third quarter. Vanguard Group Inc now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after buying an additional 47,047 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Denny’s by 1.6% in the third quarter. Vanguard Group Inc. now owns 3,006,666 shares of the restaurant operator’s stock valued at $44,259,000 after buying an additional 47,047 shares during the period. Ibex Investors LLC acquired a new stake in shares of Denny’s in the fourth quarter valued at $211,000. Assenagon Asset Management S.A. acquired a new stake in shares of Denny’s in the fourth quarter valued at $2,296,000. Finally, Nomura Holdings Inc. acquired a new stake in shares of Denny’s in the fourth quarter valued at $3,480,000. Institutional investors own 93.17% of the company’s stock.

Several analysts have recently weighed in on DENN shares. BidaskClub lowered Denny’s from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 31st. Wedbush restated a “buy” rating and issued a $20.00 price objective on shares of Denny’s in a report on Monday, February 11th. Finally, Zacks Investment Research lowered Denny’s from a “hold” rating to a “sell” rating in a report on Thursday, February 14th. Five research analysts have rated the stock with a buy rating, The company presently has a consensus rating of “Buy” and an average price target of $20.00.

In related news, CEO John C. Miller sold 125,794 shares of the company’s 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 directly owns 587,158 shares of the company’s stock, valued at $10,539,486.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Brenda J. Lauderback sold 9,968 shares of the company’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $19.23, for a total value of $191,684.64. The disclosure for this sale can be found here. Insiders have sold 184,278 shares of company stock worth $3,353,269 over the last three months. 6.10% of the stock is owned by insiders.

Shares of Denny’s stock opened at $19.58 on Wednesday. The firm has a market cap of $1.18 billion, a PE ratio of 28.79 and a beta of 0.17. Denny’s Corp has a 12-month low of $13.32 and a 12-month high of $20.41.

Denny’s (NASDAQ:DENN) last announced its earnings results on Tuesday, April 30th. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.13. The company had revenue of $151.41 million for the quarter, compared to analyst estimates of $149.01 million. Denny’s had a negative return on equity of 34.51% and a net margin of 7.89%. Denny’s’s revenue for the quarter was down 2.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.15 earnings per share. Research analysts anticipate that Denny’s Corp will post 0.61 EPS for the current fiscal year.

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Denny’s 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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Institutional Ownership by Quarter for Denny`s (NASDAQ:DENN)

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