Cadence Capital Management LLC boosted its position in Denny’s Corporation (NASDAQ:DENN) by 4.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 135,000 shares of the restaurant operator’s stock after buying an additional 6,002 shares during the period. Cadence Capital Management LLC owned approximately 0.19% of Denny’s Corporation worth $1,589,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Renaissance Technologies LLC increased its position in shares of Denny’s Corporation by 10.3% in the first quarter. Renaissance Technologies LLC now owns 3,594,311 shares of the restaurant operator’s stock worth $44,462,000 after buying an additional 337,111 shares during the period. Marshall Wace North America L.P. purchased a new position in shares of Denny’s Corporation during the second quarter worth $3,997,000. Wells Fargo & Company MN increased its position in shares of Denny’s Corporation by 3.8% in the first quarter. Wells Fargo & Company MN now owns 5,397,076 shares of the restaurant operator’s stock worth $66,762,000 after buying an additional 199,568 shares during the period. First Trust Advisors LP increased its position in shares of Denny’s Corporation by 277.9% in the first quarter. First Trust Advisors LP now owns 153,222 shares of the restaurant operator’s stock worth $1,895,000 after buying an additional 112,674 shares during the period. Finally, Dimensional Fund Advisors LP increased its position in shares of Denny’s Corporation by 3.8% in the first quarter. Dimensional Fund Advisors LP now owns 2,420,479 shares of the restaurant operator’s stock worth $29,941,000 after buying an additional 88,086 shares during the period. Institutional investors and hedge funds own 92.55% of the company’s stock.

Shares of Denny’s Corporation (NASDAQ DENN) opened at 11.95 on Thursday. The stock’s 50 day moving average is $11.81 and its 200-day moving average is $12.07. The stock has a market cap of $802.74 million, a PE ratio of 23.43 and a beta of 0.61. Denny’s Corporation has a 1-year low of $10.02 and a 1-year high of $14.25.

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 Zacks’ consensus estimate of $0.15 by $0.01. Denny’s Corporation had a net margin of 7.34% and a negative return on equity of 60.77%. The business had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. During the same period in the previous year, the company posted $0.13 earnings per share. Denny’s Corporation’s revenue was up 7.3% compared to the same quarter last year. On average, analysts predict that Denny’s Corporation will post $0.56 EPS for the current fiscal year.

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DENN has been the subject of a number of analyst reports. Wedbush reiterated a “buy” rating on shares of Denny’s Corporation in a research report on Tuesday, June 6th. Nomura reiterated a “hold” rating and issued a $12.00 price objective on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. BidaskClub downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Instinet reiterated a “neutral” rating and issued a $12.00 price objective (up previously from $11.00) on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two 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 a consensus price target of $12.67.

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

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