Spark Investment Management LLC Reduced Holding in Denny’s Co. (DENN)

Spark Investment Management LLC Reduced Holding in Denny’s Co. (DENN)

Spark Investment Management LLC cut its position in Denny's Co. (NASDAQ:DENN) by 21.9% during the first quarter, Holdings Channel reports. The firm owned 173,900 shares of the restaurant operator’s stock after selling 48,700 shares during the period. Spark Investment Management LLC’s holdings in Denny's Co. were worth $2,151,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. 1st Global Advisors Inc. increased its position in shares of Denny's Co. by 1.6% in the first quarter. 1st Global Advisors Inc. now owns 17,335 shares of the restaurant operator’s stock worth $214,000 after buying an additional 271 shares during the period. Rice Hall James & Associates LLC increased its position in shares of Denny's Co. by 2.9% in the first quarter. Rice Hall James & Associates LLC now owns 15,905 shares of the restaurant operator’s stock worth $197,000 after buying an additional 450 shares during the period. US Bancorp DE increased its position in shares of Denny's Co. by 1.9% in the first quarter. US Bancorp DE now owns 72,213 shares of the restaurant operator’s stock worth $893,000 after buying an additional 1,313 shares during the period. GW&K Investment Management LLC increased its position in shares of Denny's Co. by 15.0% in the first quarter. GW&K Investment Management LLC now owns 11,540 shares of the restaurant operator’s stock worth $143,000 after buying an additional 1,505 shares during the period. Finally, Cadence Capital Management LLC increased its position in shares of Denny's Co. by 2.6% in the fourth quarter. Cadence Capital Management LLC now owns 71,849 shares of the restaurant operator’s stock worth $922,000 after buying an additional 1,787 shares during the period. 89.02% of the stock is currently owned by institutional investors.

Denny's Co. (DENN) traded up 1.42% during midday trading on Friday, reaching $12.12. 505,429 shares of the company’s stock traded hands. Denny's Co. has a one year low of $10.02 and a one year high of $14.25. The stock’s 50 day moving average price is $12.05 and its 200-day moving average price is $12.37. The stock has a market cap of $846.74 million, a PE ratio of 53.63 and a beta of 0.45.

Denny's Co. (NASDAQ:DENN) last posted its earnings results on Tuesday, May 2nd. The restaurant operator reported $0.12 EPS for the quarter, missing the consensus estimate of $0.13 by $0.01. The company had revenue of $127.91 million for the quarter, compared to analyst estimates of $128.55 million. Denny's Co. had a negative return on equity of 68.96% and a net margin of 3.37%. Equities analysts predict that Denny's Co. will post $0.57 earnings per share for the current year.

A number of brokerages recently weighed in on DENN. Instinet reissued a “neutral” rating and issued a $12.00 price target (up from $11.00) on shares of Denny's Co. in a report on Wednesday, May 3rd. Nomura reaffirmed a “hold” rating and set a $12.00 price objective on shares of Denny's Co. in a report on Wednesday, May 3rd. Wedbush reaffirmed an “outperform” rating and set a $14.00 price objective on shares of Denny's Co. in a report on Thursday, February 16th. Finally, Zacks Investment Research raised shares of Denny's Co. from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd.

About Denny's Co.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:DENN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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