BidaskClub cut shares of Denny's (NASDAQ:DENN) from a hold rating to a sell rating in a report issued on Wednesday.

Other research analysts have also issued reports about the stock. TheStreet upgraded shares of Denny's from a c+ rating to a b- rating in a research note on Monday, October 16th. Zacks Investment Research lowered shares of Denny's from a hold rating to a sell rating in a research note on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average target price of $12.67.

Denny's (DENN) opened at $13.24 on Wednesday. The company has a debt-to-equity ratio of -2.95, a current ratio of 0.40 and a quick ratio of 0.36. The stock has a market cap of $870.22, a PE ratio of 25.46 and a beta of 0.57. Denny's has a 12 month low of $10.87 and a 12 month high of $14.25.

Denny's (NASDAQ:DENN) last issued its quarterly earnings results on Wednesday, November 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.14. The company had revenue of $132.38 million during the quarter, compared to analyst estimates of $133.58 million. Denny's had a net margin of 7.21% and a negative return on equity of 52.30%. Denny's’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the business earned $0.13 EPS. analysts anticipate that Denny's will post 0.55 earnings per share for the current year.

In related news, EVP F Mark Wolfinger sold 9,414 shares of the stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $13.64, for a total transaction of $128,406.96. Following the sale, the executive vice president now directly owns 681,197 shares of the company’s stock, valued at approximately $9,291,527.08. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Timothy E. Flemming sold 37,000 shares of the stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $12.54, for a total transaction of $463,980.00. Following the sale, the vice president now directly owns 161,741 shares in the company, valued at $2,028,232.14. The disclosure for this sale can be found here. Insiders have sold a total of 118,620 shares of company stock worth $1,540,087 over the last three months. 5.20% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in DENN. Renaissance Technologies LLC grew its position in Denny's by 9.8% during the 2nd quarter. Renaissance Technologies LLC now owns 3,946,911 shares of the restaurant operator’s stock valued at $46,455,000 after purchasing an additional 352,600 shares during the last quarter. Marshall Wace North America L.P. purchased a new stake in Denny's during the 2nd quarter valued at about $3,997,000. Lord Abbett & CO. LLC grew its position in Denny's by 8.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock valued at $18,092,000 after purchasing an additional 114,365 shares during the last quarter. Susquehanna International Group LLP grew its position in Denny's by 146.1% during the 2nd quarter. Susquehanna International Group LLP now owns 190,837 shares of the restaurant operator’s stock valued at $2,246,000 after purchasing an additional 113,284 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in Denny's by 3.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,506,528 shares of the restaurant operator’s stock valued at $29,502,000 after purchasing an additional 86,049 shares during the last quarter. 91.53% of the stock is currently owned by institutional investors.

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About Denny's

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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