61,555 Shares in Denny’s Corporation (DENN) Acquired by NorthCoast Asset Management LLC

NorthCoast Asset Management LLC bought a new position in shares of Denny’s Corporation (NASDAQ:DENN) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 61,555 shares of the restaurant operator’s stock, valued at approximately $725,000. NorthCoast Asset Management LLC owned approximately 0.09% of Denny’s Corporation as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Renaissance Technologies LLC boosted its stake in Denny’s Corporation by 10.3% during the first quarter. Renaissance Technologies LLC now owns 3,594,311 shares of the restaurant operator’s stock worth $44,462,000 after acquiring an additional 337,111 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Denny’s Corporation by 3.8% during the first quarter. Dimensional Fund Advisors LP now owns 2,420,479 shares of the restaurant operator’s stock worth $29,941,000 after acquiring an additional 88,086 shares in the last quarter. Teachers Advisors LLC boosted its stake in Denny’s Corporation by 1.9% during the first quarter. Teachers Advisors LLC now owns 813,048 shares of the restaurant operator’s stock worth $10,057,000 after acquiring an additional 14,986 shares in the last quarter. Geode Capital Management LLC boosted its stake in Denny’s Corporation by 1.0% during the first quarter. Geode Capital Management LLC now owns 615,727 shares of the restaurant operator’s stock worth $7,616,000 after acquiring an additional 6,294 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in Denny’s Corporation by 5.1% during the first quarter. Bank of America Corp DE now owns 509,049 shares of the restaurant operator’s stock worth $6,297,000 after acquiring an additional 24,487 shares in the last quarter. 92.45% of the stock is currently owned by institutional investors and hedge funds.

Several brokerages recently issued reports on DENN. Wedbush reissued an “outperform” rating on shares of Denny’s Corporation in a research note on Tuesday, August 8th. Zacks Investment Research lowered shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, BidaskClub lowered shares of Denny’s Corporation from a “sell” rating to a “strong sell” rating in a research note on Saturday, August 26th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company. Denny’s Corporation has a consensus rating of “Hold” and a consensus price target of $12.67.

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Denny’s Corporation (NASDAQ DENN) opened at 11.57 on Tuesday. The company has a market capitalization of $777.21 million, a price-to-earnings ratio of 22.69 and a beta of 0.58. The firm has a 50 day moving average of $11.88 and a 200-day moving average of $11.99. Denny’s Corporation has a 1-year low of $10.02 and a 1-year high of $14.25.

Denny’s Corporation (NASDAQ:DENN) last announced its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 EPS for the quarter, missing the Zacks’ 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 business had revenue of $133.40 million for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter last year, the firm posted $0.13 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts anticipate that Denny’s Corporation will post $0.56 earnings per share 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)

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