Victory Capital Management Inc. increased its position in Denny’s Corp. (NASDAQ:DENN) by 77.2% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,425 shares of the company’s stock after buying an additional 4,107 shares during the period. Victory Capital Management Inc.’s holdings in Denny’s Corp. were worth $101,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Suntrust Banks Inc. increased its position 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 in the last quarter. 1st Global Advisors Inc. increased its position 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 in the last quarter. Hancock Holding Co. increased 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 valued at $765,000 after buying an additional 5,910 shares in the last quarter. HL Financial Services LLC increased 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 valued at $760,000 after buying an additional 9,434 shares in the last quarter. Finally, Airain ltd purchased a new position in Denny’s Corp. during the second quarter valued at about $111,000. 91.10% of the stock is owned by hedge funds and other institutional investors.
Denny’s Corp. (NASDAQ:DENN) traded down 0.77% during mid-day trading on Friday, reaching $10.25. 316,537 shares of the company’s stock were exchanged. Denny’s Corp. has a one year low of $8.71 and a one year high of $11.89. The stock has a market cap of $766.72 million, a price-to-earnings ratio of 51.51 and a beta of 0.48. The stock has a 50-day moving average of $10.56 and a 200-day moving average of $10.66.
Denny’s Corp. (NASDAQ:DENN) last issued its quarterly earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm earned $124.32 million during the quarter, compared to the consensus estimate of $125.78 million. Denny’s Corp. had a negative return on equity of 86.04% and a net margin of 3.24%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $0.11 EPS. On average, equities research analysts anticipate that Denny’s Corp. will post $0.52 earnings per share for the current year.
Separately, Zacks Investment Research downgraded shares of Denny’s Corp. from a “buy” rating to a “hold” rating in a research report on Tuesday. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average 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.
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