Fruth Investment Management Trims Stock Holdings in Denny’s Co. (NASDAQ:DENN)

Fruth Investment Management reduced its position in Denny’s Co. (NASDAQ:DENN) by 7.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,500 shares of the restaurant operator’s stock after selling 2,000 shares during the quarter. Fruth Investment Management’s holdings in Denny’s were worth $154,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in Denny’s during the second quarter worth about $77,000. FMR LLC increased its position in Denny’s by 95.2% during the 3rd quarter. FMR LLC now owns 12,239 shares of the restaurant operator’s stock worth $79,000 after purchasing an additional 5,970 shares during the period. Intech Investment Management LLC purchased a new position in shares of Denny’s during the 3rd quarter worth approximately $83,000. Entropy Technologies LP acquired a new stake in shares of Denny’s in the 3rd quarter valued at approximately $86,000. Finally, SG Americas Securities LLC purchased a new stake in shares of Denny’s in the third quarter valued at approximately $120,000. 85.07% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Price Performance

DENN stock opened at $6.26 on Thursday. The company has a market cap of $321.33 million, a price-to-earnings ratio of 18.97, a PEG ratio of 1.21 and a beta of 2.02. The business has a fifty day simple moving average of $6.14 and a 200-day simple moving average of $6.34. Denny’s Co. has a 52 week low of $5.37 and a 52 week high of $10.53.

Wall Street Analysts Forecast Growth

DENN has been the subject of a number of research analyst reports. Wedbush dropped their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a report on Wednesday, October 23rd. Truist Financial dropped their price objective on Denny’s from $10.00 to $8.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Benchmark lowered their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Finally, Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Denny’s presently has a consensus rating of “Moderate Buy” and an average price target of $7.90.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny’s and Other segments. The Denny’s segment includes the results of all company and franchised and licensed Denny’s restaurants. The Other segment refers to the results of all company and franchise restaurants.