The 9,660 Shares in Denny’s Corporation (DENN) Acquired by SG Americas Securities LLC

The 9,660 Shares in Denny’s Corporation (DENN) Acquired by SG Americas Securities LLC

Several other institutional investors have also added to or reduced their stakes in DENN. Stevens Capital Management LP acquired a new position in Denny’s Corporation during the first quarter worth $127,000. GW&K Investment Management LLC boosted its position in Denny’s Corporation 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 in the last quarter. Sawgrass Asset Management LLC purchased a new position in shares of Denny’s Corporation during the first quarter worth approximately $159,000. Rice Hall James & Associates LLC boosted its position in shares of Denny’s Corporation 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. Finally, OMERS ADMINISTRATION Corp purchased a new position in shares of Denny’s Corporation during the first quarter worth approximately $200,000. Institutional investors and hedge funds own 89.24% of the company’s stock.

SG Americas Securities LLC purchased a new position in Denny’s Corporation (NASDAQ:DENN) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 9,660 shares of the restaurant operator’s stock, valued at approximately $119,000.

Shares of Denny’s Corporation (NASDAQ:DENN) traded up 5.67% during trading on Wednesday, reaching $12.31. The company had a trading volume of 1,055,573 shares. The firm has a market capitalization of $860.01 million, a price-to-earnings ratio of 54.47 and a beta of 0.61. 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 of $11.54 and a 200 day moving average of $12.07.

Denny’s Corporation (NASDAQ:DENN) last issued its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01. Denny’s Corporation had a negative return on equity of 68.77% and a net margin of 3.49%. The company had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $131.62 million. During the same period in the previous year, the company earned $0.13 EPS. Denny’s Corporation’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that Denny’s Corporation will post $0.57 earnings per share for the current year.

A number of equities analysts recently commented on the company. Instinet restated a “neutral” rating and set a $12.00 target price (up from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Nomura restated a “hold” rating and set a $12.00 target price on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Wedbush restated an “outperform” rating and set a $14.00 target price on shares of Denny’s Corporation in a report on Sunday. Finally, BidaskClub cut Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $12.50.

About Denny’s Corporation

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.

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