Prudential Financial Inc. decreased its stake in Denny’s Corp. (NASDAQ:DENN) by 9.6% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 432,307 shares of the company’s stock after selling 46,000 shares during the period. Prudential Financial Inc. owned about 0.58% of Denny’s Corp. worth $4,639,000 as of its most recent filing with the SEC.
Several other large investors have also recently added to or reduced their stakes in the company. Victory Capital Management Inc. boosted its stake in Denny’s Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 9,425 shares of the company’s stock valued at $101,000 after buying an additional 4,107 shares during the period. Airain ltd purchased a new stake in Denny’s Corp. during the second quarter valued at about $111,000. Teacher Retirement System of Texas boosted its stake in Denny’s Corp. by 11.4% in the second quarter. Teacher Retirement System of Texas now owns 11,035 shares of the company’s stock valued at $118,000 after buying an additional 1,126 shares during the period. 1st Global Advisors Inc. boosted its stake in Denny’s Corp. by 26.0% in the second quarter. 1st Global Advisors Inc. now owns 12,900 shares of the company’s stock valued at $138,000 after buying an additional 2,664 shares during the period. Finally, Suntrust Banks Inc. boosted its stake in Denny’s Corp. by 5.7% in the second quarter. Suntrust Banks Inc. now owns 13,658 shares of the company’s stock valued at $146,000 after buying an additional 739 shares during the period. 91.10% of the stock is owned by institutional investors and hedge funds.
Shares of Denny’s Corp. (NASDAQ:DENN) opened at 10.52 on Friday. The stock has a market capitalization of $786.92 million, a PE ratio of 52.86 and a beta of 0.48. Denny’s Corp. has a 12 month low of $8.71 and a 12 month high of $11.89. The company has a 50-day moving average of $10.50 and a 200-day moving average of $10.67.
Denny’s Corp. (NASDAQ:DENN) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Denny’s Corp. had a net margin of 3.24% and a negative return on equity of 86.04%. The company earned $124.32 million during the quarter, compared to analyst estimates of $125.78 million. During the same quarter in the prior year, the business earned $0.11 earnings per share. The business’s quarterly revenue was up .8% compared to the same quarter last year. On average, equities research analysts expect that Denny’s Corp. will post $0.52 EPS for the current fiscal year.
DENN has been the subject of several recent analyst reports. Zacks Investment Research raised shares of Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 price objective for the company in a research report on Friday, August 5th. Wedbush reissued an “outperform” rating and issued a $14.00 price target on shares of Denny’s Corp. in a research report on Saturday. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Denny’s Corp. presently has a consensus rating of “Hold” and an average target price of $12.40.
About Denny’s Corp.
Denny’s Corporation (Denny’s) is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and company operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.
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