Denny’s Corporation (NASDAQ:DENN)‘s stock had its “outperform” rating reaffirmed by research analysts at Wedbush in a research report issued to clients and investors on Tuesday.

A number of other research analysts have also issued reports on DENN. Instinet reaffirmed a “neutral” rating and set a $12.00 target price (up from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Nomura reaffirmed a “hold” rating and set a $12.00 target price on shares of Denny’s Corporation in a report on Wednesday, May 3rd. BidaskClub lowered Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research lowered Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $12.67.

Shares of Denny’s Corporation (NASDAQ DENN) traded down 0.89% during midday trading on Tuesday, reaching $12.20. 192,096 shares of the company were exchanged. Denny’s Corporation has a 52-week low of $10.02 and a 52-week high of $14.25. The firm’s 50 day moving average is $11.58 and its 200-day moving average is $12.08. The company has a market capitalization of $819.54 million, a PE ratio of 23.92 and a beta of 0.61.

Denny’s Corporation (NASDAQ:DENN) last released its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by $0.01. The firm had revenue of $133.40 million for the quarter, compared to analyst estimates of $131.62 million. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. Denny’s Corporation’s revenue was up 7.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.13 earnings per share. On average, equities analysts forecast that Denny’s Corporation will post $0.56 earnings per share for the current fiscal year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Teachers Advisors LLC raised its position in Denny’s Corporation by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 798,062 shares of the restaurant operator’s stock worth $10,239,000 after buying an additional 68,630 shares during the last quarter. GW&K Investment Management LLC boosted its position in shares of Denny’s Corporation by 15.0% in the first quarter. GW&K Investment Management LLC now owns 11,540 shares of the restaurant operator’s stock worth $143,000 after buying an additional 1,505 shares in the last quarter. Rice Hall James & Associates LLC boosted its position in shares of Denny’s Corporation by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 15,905 shares of the restaurant operator’s stock worth $197,000 after buying an additional 450 shares in the last quarter. Sawgrass Asset Management LLC bought a new position in shares of Denny’s Corporation during the first quarter worth $159,000. Finally, North Star Investment Management Corp. boosted its position in shares of Denny’s Corporation by 4.1% in the first quarter. North Star Investment Management Corp. now owns 199,807 shares of the restaurant operator’s stock worth $2,472,000 after buying an additional 7,800 shares in the last quarter. 92.62% of the stock is currently owned by hedge funds and other institutional investors.

Denny’s Corporation Company Profile

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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