Smith Asset Management Group LP decreased its position in shares of Denny’s Corp. (NASDAQ:DENN) by 0.9% during the second quarter, Holdings Channel reports. The fund owned 212,690 shares of the company’s stock after selling 2,000 shares during the period. Smith Asset Management Group LP’s holdings in Denny’s Corp. were worth $2,282,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of DENN. 1st Global Advisors Inc. boosted its position in shares of Denny’s Corp. by 26.0% in the second quarter. 1st Global Advisors Inc. now owns 12,900 shares of the company’s stock worth $138,000 after buying an additional 2,664 shares during the last quarter. HL Financial Services LLC boosted its position in Denny’s Corp. by 15.4% in the second quarter. HL Financial Services LLC now owns 70,837 shares of the company’s stock worth $760,000 after buying an additional 9,434 shares in the last quarter. Hancock Holding Co. boosted its position in Denny’s Corp. by 8.7% in the first quarter. Hancock Holding Co. now owns 73,808 shares of the company’s stock worth $765,000 after buying an additional 5,910 shares in the last quarter. AXA boosted its position in Denny’s Corp. by 2,027.0% in the first quarter. AXA now owns 78,700 shares of the company’s stock worth $815,000 after buying an additional 75,000 shares in the last quarter. Finally, Barclays PLC boosted its position in Denny’s Corp. by 2,643.8% in the first quarter. Barclays PLC now owns 101,165 shares of the company’s stock worth $1,011,000 after buying an additional 97,478 shares in the last quarter. 91.10% of the stock is owned by institutional investors.
Denny’s Corp. (NASDAQ:DENN) traded down 0.09% on Friday, hitting $10.74. The company had a trading volume of 276,900 shares. The firm has a market capitalization of $803.37 million, a PE ratio of 53.97 and a beta of 0.60. Denny’s Corp. has a 12-month low of $8.71 and a 12-month high of $11.89. The firm has a 50-day moving average price of $10.72 and a 200-day moving average price of $10.64.
Denny’s Corp. (NASDAQ:DENN) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. Denny’s Corp. had a negative return on equity of 86.04% and a net margin of 3.24%. The firm had revenue of $124.32 million for the quarter, compared to analyst estimates of $125.78 million. During the same period in the prior year, the firm posted $0.11 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities research analysts anticipate that Denny’s Corp. will post $0.52 earnings per share for the current fiscal year.
Separately, Zacks Investment Research raised Denny’s Corp. from a “hold” rating to a “buy” rating and set a $12.00 price target for the company in a report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Denny’s Corp. has an average rating of “Buy” and a consensus price target of $12.40.
Denny’s Corp. Company Profile
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.
Want to see what other hedge funds are holding DENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denny’s Corp. (NASDAQ:DENN).
Receive News & Ratings for Denny's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.