Denny’s Corp. (NASDAQ:DENN)’s share price was down 1.7% on Monday . The stock traded as low as $10.49 and last traded at $10.49, with a volume of 82,833 shares. The stock had previously closed at $10.67.

Separately, Zacks Investment Research cut Denny’s Corp. from a “buy” rating to a “hold” rating in a research report on Monday, July 4th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Denny’s Corp. currently has a consensus rating of “Buy” and an average price target of $12.40.

The company’s 50-day moving average is $10.73 and its 200-day moving average is $10.64. The stock has a market capitalization of $781.68 million, a PE ratio of 52.51 and a beta of 0.60.

Denny’s Corp. (NASDAQ:DENN) last released its earnings results on Wednesday, August 3rd. The company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm earned $124.32 million during the quarter, compared to analysts’ expectations of $125.78 million. Denny’s Corp. had a negative return on equity of 86.04% and a net margin of 3.24%. The company’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.11 EPS. Equities analysts expect that Denny’s Corp. will post $0.52 earnings per share for the current year.

Institutional investors have recently added to or reduced their stakes in the company. Royal Bank of Canada boosted its position in Denny’s Corp. by 8.6% in the second quarter. Royal Bank of Canada now owns 9,341 shares of the company’s stock worth $100,000 after buying an additional 737 shares during the period. Victory Capital Management Inc. boosted its position in Denny’s Corp. by 77.2% in the second quarter. Victory Capital Management Inc. now owns 9,425 shares of the company’s stock worth $101,000 after buying an additional 4,107 shares during the period. Paradigm Asset Management Co. LLC purchased a new position in Denny’s Corp. during the second quarter worth about $101,000. Trexquant Investment LP purchased a new position in Denny’s Corp. during the second quarter worth about $110,000. Finally, Airain ltd purchased a new position in Denny’s Corp. during the second quarter worth about $111,000. Hedge funds and other institutional investors own 91.10% of the company’s stock.

Denny’s Corp. Company Profile

Denny’s Corporation (Denny’s) is a franchised service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. The Denny’s brand consists of approximately 1,710 franchised, licensed and company operated restaurants around the world, including over 1,600 restaurants in the United States and over 110 international locations.

5 Day Chart for NASDAQ:DENN

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