Wedbush reissued their outperform rating on shares of Denny’s Corporation (NASDAQ:DENN) in a research report released on Tuesday, August 8th.

Other equities research analysts also recently issued reports about the company. Zacks Investment Research downgraded Denny’s Corporation from a hold rating to a sell rating in a report on Thursday, August 3rd. BidaskClub downgraded Denny’s Corporation from a hold rating to a sell rating in a report on Wednesday, July 12th. Instinet reiterated a neutral rating and issued a $12.00 price target (up from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Finally, Nomura reiterated a hold rating and issued a $12.00 price target on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Two 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 presently has a consensus rating of Hold and an average target price of $12.67.

Denny’s Corporation (DENN) traded down 0.57% during trading on Tuesday, hitting $12.12. 240,406 shares of the company traded hands. Denny’s Corporation has a 12-month low of $10.02 and a 12-month high of $14.25. The firm has a market capitalization of $814.16 million, a P/E ratio of 23.76 and a beta of 0.61. The stock has a 50-day moving average price of $11.79 and a 200-day moving average price of $12.07.

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

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A number of hedge funds and other institutional investors have recently made changes to their positions in DENN. Rice Hall James & Associates LLC boosted its position in shares of Denny’s Corporation by 1.0% in the second quarter. Rice Hall James & Associates LLC now owns 16,066 shares of the restaurant operator’s stock valued at $189,000 after buying an additional 161 shares during the period. 1st Global Advisors Inc. boosted its stake in shares of Denny’s Corporation by 1.6% in the first quarter. 1st Global Advisors Inc. now owns 17,335 shares of the restaurant operator’s stock valued at $214,000 after buying an additional 271 shares during the period. HighTower Advisors LLC boosted its stake in shares of Denny’s Corporation by 5.8% in the first quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 666 shares during the period. Aperio Group LLC boosted its stake in shares of Denny’s Corporation by 5.1% in the second quarter. Aperio Group LLC now owns 26,741 shares of the restaurant operator’s stock valued at $315,000 after buying an additional 1,298 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Denny’s Corporation by 1.9% in the first quarter. US Bancorp DE now owns 72,213 shares of the restaurant operator’s stock valued at $893,000 after buying an additional 1,313 shares during the period. 92.55% of the stock is currently owned by 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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