Denny’s Corporation (DENN) Shares Bought by California Public Employees Retirement System

California Public Employees Retirement System grew its position in Denny’s Corporation (NASDAQ:DENN) by 2.0% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 320,800 shares of the restaurant operator’s stock after acquiring an additional 6,300 shares during the quarter. California Public Employees Retirement System owned about 0.48% of Denny’s Corporation worth $3,776,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its stake in shares of 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 purchasing an additional 88,086 shares during the last quarter. Teachers Advisors LLC raised its stake in shares of 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 purchasing an additional 14,986 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of 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 purchasing an additional 6,294 shares during the last quarter. Bank of America Corp DE raised its stake in shares of 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 purchasing an additional 24,487 shares during the last quarter. Finally, Alliancebernstein L.P. raised its stake in shares of Denny’s Corporation by 5.6% during the first quarter. Alliancebernstein L.P. now owns 482,023 shares of the restaurant operator’s stock worth $5,963,000 after purchasing an additional 25,619 shares during the last quarter. 92.44% of the stock is owned by institutional investors and hedge funds.

Denny’s Corporation (NASDAQ:DENN) opened at 13.01 on Tuesday. Denny’s Corporation has a 52-week low of $10.02 and a 52-week high of $14.25. The firm has a 50-day moving average price of $12.41 and a 200 day moving average price of $12.02. The stock has a market cap of $873.95 million, a PE ratio of 25.51 and a beta of 0.60.

Denny’s Corporation (NASDAQ:DENN) last released its quarterly earnings data on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share (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 company had revenue of $133.40 million for the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the prior year, the firm earned $0.13 EPS. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. Equities analysts anticipate that Denny’s Corporation will post $0.56 earnings per share for the current year.

In other Denny’s Corporation news, VP Stephen C. Dunn sold 5,111 shares of Denny’s Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the sale, the vice president now owns 93,179 shares of the company’s stock, valued at approximately $1,107,898.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.20% of the stock is owned by insiders.

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Several research firms have recently commented on DENN. Wedbush restated an “outperform” rating on shares of Denny’s Corporation in a research note on Tuesday, August 8th. TheStreet upgraded Denny’s Corporation from a “c+” rating to a “b-” rating in a research note on Monday, October 16th. Zacks Investment Research upgraded Denny’s Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, BidaskClub cut Denny’s Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $12.67.

Denny’s Corporation Company 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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