Denny’s Corporation (NASDAQ:DENN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Thursday.

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. “

Several other research analysts also recently issued reports on the company. Wedbush reaffirmed a “buy” rating on shares of Denny’s Corporation in a report on Tuesday, June 6th. Nomura reaffirmed a “hold” rating and set a $12.00 price objective on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Instinet reaffirmed a “neutral” rating and set a $12.00 price objective (up previously from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Finally, BidaskClub downgraded Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the stock. Denny’s Corporation currently has an average rating of “Hold” and a consensus price target of $12.67.

Shares of Denny’s Corporation (NASDAQ DENN) traded up 0.74% during trading on Thursday, hitting $12.21. The stock had a trading volume of 292,257 shares. Denny’s Corporation has a 52 week low of $10.02 and a 52 week high of $14.25. The stock’s 50 day moving average is $11.54 and its 200 day moving average is $12.07. The stock has a market capitalization of $820.21 million, a price-to-earnings ratio of 23.94 and a beta of 0.61.

Denny’s Corporation (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by $0.01. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. The firm had revenue of $133.40 million for the quarter, compared to analyst estimates of $131.62 million. During the same period in the prior year, the company posted $0.13 EPS. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that Denny’s Corporation will post $0.56 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: “Denny’s Corporation (NASDAQ:DENN) Cut to “Sell” at Zacks Investment Research” was reported by Daily Political and is the sole property of of Daily Political. If you are reading this story on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The correct version of this story can be read at https://www.dailypolitical.com/2017/08/06/dennys-corporation-nasdaqdenn-cut-to-sell-at-zacks-investment-research.html.

Several hedge funds have recently modified their holdings of DENN. Teachers Advisors LLC boosted its stake in shares of Denny’s Corporation by 9.4% in the fourth quarter. Teachers Advisors LLC now owns 798,062 shares of the restaurant operator’s stock valued at $10,239,000 after buying an additional 68,630 shares during the last quarter. GW&K Investment Management LLC boosted its stake in shares of 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 last quarter. Rice Hall James & Associates LLC boosted its stake 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 valued at $197,000 after buying an additional 450 shares during the last quarter. Sawgrass Asset Management LLC acquired a new stake in shares of Denny’s Corporation during the first quarter valued at approximately $159,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Denny’s Corporation by 4.1% in the first quarter. North Star Investment Management Corp. now owns 199,807 shares of the restaurant operator’s stock valued at $2,472,000 after buying an additional 7,800 shares during the last quarter. Institutional investors own 89.24% of the company’s stock.

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.

Get a free copy of the Zacks research report on Denny’s Corporation (DENN)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Denny's Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's Corporation and related companies with MarketBeat.com's FREE daily email newsletter.