US Bancorp DE Reduces Stake in Denny’s Corporation (DENN)

US Bancorp DE cut its position in Denny’s Corporation (NASDAQ:DENN) by 0.0% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 72,188 shares of the restaurant operator’s stock after selling 25 shares during the period. US Bancorp DE owned 0.10% of Denny’s Corporation worth $849,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Aperio Group LLC increased its position in Denny’s Corporation by 5.1% in the second quarter. Aperio Group LLC now owns 26,741 shares of the restaurant operator’s stock worth $315,000 after buying an additional 1,298 shares during the last quarter. North Star Investment Management Corp. increased its position in Denny’s Corporation by 7.5% in the second quarter. North Star Investment Management Corp. now owns 214,807 shares of the restaurant operator’s stock worth $2,528,000 after buying an additional 15,000 shares during the last quarter. GW&K Investment Management LLC increased its position in Denny’s Corporation by 33.9% in the second quarter. GW&K Investment Management LLC now owns 15,450 shares of the restaurant operator’s stock worth $182,000 after buying an additional 3,910 shares during the last quarter. Atlantic Trust LLC increased its position in Denny’s Corporation by 32.5% in the first quarter. Atlantic Trust LLC now owns 55,280 shares of the restaurant operator’s stock worth $1,721,000 after buying an additional 13,555 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Denny’s Corporation by 5.8% in the first quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock worth $150,000 after buying an additional 666 shares during the last quarter. 92.62% of the stock is currently owned by institutional investors.

Shares of Denny’s Corporation (NASDAQ:DENN) traded up 0.67% during trading on Friday, reaching $12.11. 107,339 shares of the company’s stock traded hands. The company has a 50 day moving average price of $11.68 and a 200-day moving average price of $12.07. The stock has a market cap of $813.49 million, a P/E ratio of 23.75 and a beta of 0.61. Denny’s Corporation has a one year low of $10.02 and a one year high of $14.25.

Denny’s Corporation (NASDAQ:DENN) last announced its earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $131.62 million. During the same quarter last year, the business earned $0.13 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts expect that Denny’s Corporation will post $0.56 EPS for the current fiscal year.

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A number of equities analysts recently issued reports on the stock. Wedbush reissued an “outperform” rating on shares of Denny’s Corporation in a report on Tuesday. Zacks Investment Research downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. BidaskClub downgraded shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Nomura reissued a “hold” rating and issued a $12.00 price objective on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Finally, Instinet reissued a “neutral” rating and issued a $12.00 price objective (up previously from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $12.67.

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

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