Denny’s Corporation (DENN) Position Cut by QS Investors LLC

QS Investors LLC lessened its stake in Denny’s Corporation (NASDAQ:DENN) by 4.9% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 87,975 shares of the restaurant operator’s stock after selling 4,547 shares during the period. QS Investors LLC owned 0.13% of Denny’s Corporation worth $1,035,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in DENN. First Trust Advisors LP grew its position in Denny’s Corporation by 277.9% in the 1st quarter. First Trust Advisors LP now owns 153,222 shares of the restaurant operator’s stock valued at $1,895,000 after buying an additional 112,674 shares in the last quarter. UBS Asset Management Americas Inc. grew its position in Denny’s Corporation by 40.4% in the 1st quarter. UBS Asset Management Americas Inc. now owns 38,046 shares of the restaurant operator’s stock valued at $471,000 after buying an additional 10,950 shares in the last quarter. Karp Capital Management Corp bought a new position in Denny’s Corporation in the 1st quarter valued at about $315,000. Parametric Portfolio Associates LLC grew its position in Denny’s Corporation by 19.4% in the 1st quarter. Parametric Portfolio Associates LLC now owns 95,585 shares of the restaurant operator’s stock valued at $1,182,000 after buying an additional 15,552 shares in the last quarter. Finally, SG Americas Securities LLC bought a new position in Denny’s Corporation in the 1st quarter valued at about $119,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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A number of equities analysts recently issued reports on DENN shares. BidaskClub lowered shares of Denny’s Corporation from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 26th. Zacks Investment Research upgraded shares of Denny’s Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, October 3rd. Finally, Wedbush restated an “outperform” rating on shares of Denny’s Corporation in a research report on Tuesday, August 8th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.67.

Denny’s Corporation (NASDAQ:DENN) opened at 12.95 on Friday. The stock’s 50 day moving average is $12.16 and its 200 day moving average is $11.99. Denny’s Corporation has a 52-week low of $10.02 and a 52-week high of $14.25. The company has a market cap of $869.92 million, a price-to-earnings ratio of 25.39 and a beta of 0.60.

Denny’s Corporation (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by ($0.01). The firm had revenue of $133.40 million for the quarter, compared to the consensus estimate of $131.62 million. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.13 earnings per share. Equities research analysts forecast that Denny’s Corporation will post $0.56 earnings per share for the current year.

In other news, VP Stephen C. Dunn sold 5,111 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the completion of the transaction, the vice president now directly owns 93,179 shares in the company, valued at approximately $1,107,898.31. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.20% of the company’s stock.

About Denny’s Corporation

Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.

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

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