Denny’s Corp. (DENN) Downgraded by Zacks Investment Research
According to Zacks, “Denny’s Corp., formerly Advantica Restaurant Group, Inc., is one of the largest restaurant companies, operating moderately-priced restaurants: Denny’s, Hardee’s, Quincy’s, El Pollo Loco, Coco’s and Carrows. The company believes its restaurants benefit from the diversity of the restaurant concepts, the generally strong market positions and consumer recognition enjoyed by these chains, the benefits of a centralized support system for purchasing, menu development, human resources, management information systems, site selection, restaurant design and construction. “
Denny’s Corp. (NASDAQ:DENN) opened at 10.25 on Tuesday. The firm has a market capitalization of $766.72 million, a price-to-earnings ratio of 51.51 and a beta of 0.48. Denny’s Corp. has a 12 month low of $8.71 and a 12 month high of $11.89. The company has a 50 day moving average price of $10.56 and a 200 day moving average price of $10.66.
Denny’s Corp. (NASDAQ:DENN) last posted its earnings results on Wednesday, August 3rd. The company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The firm earned $124.32 million during the quarter, compared to the consensus estimate of $125.78 million. Denny’s Corp. had a negative return on equity of 86.04% and a net margin of 3.24%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company earned $0.11 earnings per share. Analysts anticipate that Denny’s Corp. will post $0.52 earnings per share for the current fiscal year.
A number of institutional investors have recently bought and sold shares of DENN. Renaissance Technologies LLC increased its position in Denny’s Corp. by 14.5% in the first quarter. Renaissance Technologies LLC now owns 3,857,611 shares of the company’s stock valued at $39,965,000 after buying an additional 489,511 shares in the last quarter. Teachers Advisors Inc. increased its position in Denny’s Corp. by 45.2% in the first quarter. Teachers Advisors Inc. now owns 1,614,848 shares of the company’s stock valued at $16,730,000 after buying an additional 502,597 shares in the last quarter. AXA increased its position in Denny’s Corp. by 2,027.0% in the first quarter. AXA now owns 78,700 shares of the company’s stock valued at $815,000 after buying an additional 75,000 shares in the last quarter. 1st Global Advisors Inc. increased its position in Denny’s Corp. by 26.0% in the second quarter. 1st Global Advisors Inc. now owns 12,900 shares of the company’s stock valued at $138,000 after buying an additional 2,664 shares in the last quarter. Finally, Brown Advisory Inc. increased its position in Denny’s Corp. by 4.5% in the second quarter. Brown Advisory Inc. now owns 3,069,034 shares of the company’s stock valued at $32,931,000 after buying an additional 132,626 shares in the last quarter. Hedge funds and other institutional investors own 91.10% of the company’s stock.
About Denny’s Corp.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Denny's Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's Corp. and related companies with MarketBeat.com's FREE daily email newsletter.