Denny’s Corporation (DENN) Stake Lessened by Citadel Advisors LLC
Citadel Advisors LLC decreased its holdings in Denny’s Corporation (NASDAQ:DENN) by 24.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 74,042 shares of the restaurant operator’s stock after selling 23,892 shares during the quarter. Citadel Advisors LLC owned 0.11% of Denny’s worth $922,000 as of its most recent filing with the SEC.
Other large investors have also added to or reduced their stakes in the company. Renaissance Technologies LLC lifted its holdings in shares of Denny’s by 9.8% in the second quarter. Renaissance Technologies LLC now owns 3,946,911 shares of the restaurant operator’s stock valued at $46,455,000 after buying an additional 352,600 shares during the period. Marshall Wace North America L.P. acquired a new stake in shares of Denny’s in the second quarter valued at $3,997,000. Lord Abbett & CO. LLC lifted its holdings in shares of Denny’s by 8.0% in the second quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock valued at $18,092,000 after buying an additional 114,365 shares during the period. Susquehanna International Group LLP lifted its holdings in shares of Denny’s by 146.1% in the second quarter. Susquehanna International Group LLP now owns 190,837 shares of the restaurant operator’s stock valued at $2,246,000 after buying an additional 113,284 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in shares of Denny’s by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,506,528 shares of the restaurant operator’s stock valued at $29,502,000 after buying an additional 86,049 shares during the period. 91.53% of the stock is owned by institutional investors.
In other news, VP Stephen C. Dunn sold 5,111 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the completion of the sale, the vice president now directly owns 93,179 shares of the company’s stock, valued at $1,107,898.31. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP F Mark Wolfinger sold 10,000 shares of the company’s stock in a transaction on Friday, November 17th. The shares were sold at an average price of $12.57, for a total value of $125,700.00. Following the sale, the executive vice president now directly owns 677,697 shares of the company’s stock, valued at $8,518,651.29. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 108,731 shares of company stock valued at $1,399,257. 5.20% of the stock is currently owned by company insiders.
Shares of Denny’s Corporation (DENN) opened at $13.26 on Friday. The company has a quick ratio of 0.36, a current ratio of 0.40 and a debt-to-equity ratio of -2.95. The firm has a market capitalization of $865.65, a price-to-earnings ratio of 23.28 and a beta of 0.57. Denny’s Corporation has a twelve month low of $10.87 and a twelve month high of $14.25.
Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. Denny’s had a negative return on equity of 52.30% and a net margin of 7.21%. The business had revenue of $132.38 million during the quarter, compared to analyst estimates of $133.58 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. The company’s revenue was up 3.1% on a year-over-year basis. analysts forecast that Denny’s Corporation will post 0.55 EPS for the current year.
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Denny’s 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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