Alliancebernstein L.P. lessened its stake in shares of Denny’s Corporation (NASDAQ:DENN) by 37.8% in the second quarter, according to its most recent filing with the SEC. The fund owned 299,953 shares of the restaurant operator’s stock after selling 182,070 shares during the period. Alliancebernstein L.P. owned about 0.45% of Denny’s Corporation worth $3,530,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. SG Americas Securities LLC acquired a new stake in shares of Denny’s Corporation during the 1st quarter valued at $119,000. BNP Paribas Arbitrage SA lifted its holdings in shares of Denny’s Corporation by 939.9% in the second quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock valued at $134,000 after purchasing an additional 10,282 shares in the last quarter. Koch Industries Inc. purchased a new stake in shares of Denny’s Corporation in the first quarter valued at $138,000. HighTower Advisors LLC lifted its holdings 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 purchasing an additional 666 shares in the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Denny’s Corporation in the first quarter valued at $162,000. Institutional investors own 92.42% of the company’s stock.

DENN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded Denny’s Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, October 3rd. BidaskClub lowered Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Wedbush restated an “outperform” rating and issued a $14.00 target price on shares of Denny’s Corporation in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.67.

ILLEGAL ACTIVITY WARNING: This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are accessing this story on another publication, it was copied illegally and reposted in violation of United States and international copyright and trademark legislation. The legal version of this story can be accessed at https://www.thecerbatgem.com/2017/10/08/alliancebernstein-l-p-sells-182070-shares-of-dennys-corporation-denn.html.

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

Shares of Denny’s Corporation (NASDAQ:DENN) opened at 13.05 on Friday. Denny’s Corporation has a 12-month low of $10.02 and a 12-month high of $14.25. The stock has a market cap of $876.63 million, a price-to-earnings ratio of 25.59 and a beta of 0.60. The stock has a 50 day moving average price of $12.05 and a 200-day moving average price of $11.96.

Denny’s Corporation (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share (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 firm had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. During the same period last year, the firm earned $0.13 EPS. Denny’s Corporation’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Denny’s Corporation will post $0.56 EPS for the current fiscal year.

Denny’s Corporation 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.

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

Receive News & Stock Ratings for Denny's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's Corporation and related stocks with our FREE daily email newsletter.