First Trust Advisors LP increased its stake in Denny’s Corporation (NASDAQ:DENN) by 277.9% during the first quarter, according to its most recent filing with the SEC. The firm owned 153,222 shares of the restaurant operator’s stock after buying an additional 112,674 shares during the period. First Trust Advisors LP owned approximately 0.22% of Denny’s Corporation worth $1,895,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of DENN. 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 valued at $143,000 after buying an additional 1,505 shares during the period. Sawgrass Asset Management LLC bought a new position in Denny’s Corporation during the first quarter valued at $159,000. Rice Hall James & Associates LLC boosted its position in 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 valued at $197,000 after buying an additional 450 shares during the period. Bayesian Capital Management LP bought a new position in Denny’s Corporation during the fourth quarter valued at $203,000. Finally, Capstone Investment Advisors LLC bought a new position in Denny’s Corporation during the fourth quarter valued at $220,000. Institutional investors own 93.77% of the company’s stock.

Institutional Ownership by Quarter for Denny`s Corporation (NASDAQ:DENN)

Denny’s Corporation (NASDAQ:DENN) opened at 11.50 on Friday. Denny’s Corporation has a 52-week low of $10.02 and a 52-week high of $14.25. The company has a 50 day moving average of $11.87 and a 200 day moving average of $12.33. The company has a market capitalization of $803.42 million, a PE ratio of 50.88 and a beta of 0.61.

Denny’s Corporation (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, May 2nd. The restaurant operator reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.13 by $0.01. Denny’s Corporation had a negative return on equity of 68.77% and a net margin of 3.49%. The business had revenue of $127.91 million during the quarter, compared to analysts’ expectations of $128.55 million. On average, equities research analysts forecast that Denny’s Corporation will post $0.57 earnings per share for the current fiscal year.

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DENN has been the topic of several research analyst reports. Wedbush restated a “buy” rating on shares of Denny’s Corporation in a research report on Tuesday, June 6th. Zacks Investment Research upgraded shares of Denny’s Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, February 23rd. Nomura restated a “hold” rating and issued a $12.00 price objective on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. Finally, Instinet restated a “neutral” rating and issued a $12.00 price objective (up from $11.00) on shares of Denny’s Corporation in a research report on Wednesday, May 3rd.

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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