Denny’s Corporation (NASDAQ:DENN)‘s stock had its “outperform” rating reissued by investment analysts at Wedbush in a research note issued on Tuesday.

A number of other analysts have also recently commented on DENN. Zacks Investment Research cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Instinet restated 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, Nomura restated a “hold” rating and issued a $12.00 price objective on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. 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 stock. The stock has an average rating of “Hold” and an average target price of $12.67.

Shares of Denny’s Corporation (NASDAQ DENN) traded down 0.89% on Tuesday, hitting $12.20. The stock had a trading volume of 192,096 shares. The firm has a 50 day moving average price of $11.58 and a 200 day moving average price of $12.08. The company has a market capitalization of $819.54 million, a P/E ratio of 23.92 and a beta of 0.61. 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 posted 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. The company had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. Denny’s Corporation had a net margin of 7.34% and a negative return on equity of 60.77%. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period last year, the company earned $0.13 EPS. On average, equities research analysts predict that Denny’s Corporation will post $0.56 earnings per share for the current fiscal year.

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Institutional investors have recently added to or reduced their stakes in the company. 1st Global Advisors Inc. increased its stake in Denny’s Corporation by 1.6% in the first quarter. 1st Global Advisors Inc. now owns 17,335 shares of the restaurant operator’s stock worth $214,000 after buying an additional 271 shares in the last quarter. Cadence Capital Management LLC increased its stake in Denny’s Corporation by 79.5% in the first quarter. Cadence Capital Management LLC now owns 128,998 shares of the restaurant operator’s stock worth $1,596,000 after buying an additional 57,149 shares in the last quarter. Teza Capital Management LLC purchased a new stake in Denny’s Corporation during the first quarter worth approximately $250,000. TFS Capital LLC purchased a new stake in Denny’s Corporation during the first quarter worth approximately $489,000. Finally, Nine Chapters Capital Management LLC purchased a new stake in Denny’s Corporation during the first quarter worth approximately $293,000. Hedge funds and other institutional investors own 92.62% of the company’s stock.

About Denny’s Corporation

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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