Los Angeles Capital Management & Equity Research Inc. boosted its stake in shares of Denny’s Corporation (NASDAQ:DENN) by 38.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 119,531 shares of the restaurant operator’s stock after buying an additional 33,340 shares during the period. Los Angeles Capital Management & Equity Research Inc. owned about 0.18% of Denny’s Corporation worth $1,407,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of DENN. Renaissance Technologies LLC raised its holdings in Denny’s Corporation by 10.3% during the 1st 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. acquired a new position in shares of Denny’s Corporation in the 2nd quarter valued at about $3,997,000. First Trust Advisors LP increased its holdings in shares of 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 purchasing an additional 112,674 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Denny’s Corporation by 3.8% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,420,479 shares of the restaurant operator’s stock valued at $29,941,000 after purchasing an additional 88,086 shares during the period. Finally, Cadence Capital Management LLC increased its holdings in shares of Denny’s Corporation by 79.5% in the 1st quarter. Cadence Capital Management LLC now owns 128,998 shares of the restaurant operator’s stock valued at $1,596,000 after purchasing an additional 57,149 shares during the period. Hedge funds and other institutional investors own 92.42% of the company’s stock.

DENN has been the topic of a number of research reports. Wedbush reiterated a “buy” rating on shares of Denny’s Corporation in a report on Tuesday, June 6th. Zacks Investment Research downgraded Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Finally, BidaskClub downgraded Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. Denny’s Corporation currently has a consensus rating of “Hold” and an average target price of $12.67.

In related news, VP Stephen C. Dunn sold 5,111 shares of the company’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 sale, the vice president now owns 93,179 shares in the company, valued at approximately $1,107,898.31. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.

Denny’s Corporation (DENN) opened at 11.80 on Tuesday. The firm has a market cap of $792.67 million, a P/E ratio of 23.14 and a beta of 0.58. The stock has a 50 day moving average price of $11.92 and a 200-day moving average price of $11.95. Denny’s Corporation has a one year low of $10.02 and a one year high of $14.25.

Denny’s Corporation (NASDAQ:DENN) last announced its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 EPS for the quarter, missing the 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 for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter in the previous year, the company earned $0.13 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. Analysts predict that Denny’s Corporation will post $0.56 EPS for the current fiscal year.

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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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