Legal & General Group Plc decreased its position in shares of Denny’s Corporation (NASDAQ:DENN) by 1.6% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,416 shares of the restaurant operator’s stock after selling 290 shares during the period. Legal & General Group Plc’s holdings in Denny’s Corporation were worth $227,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. 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 worth $10,239,000 after buying an additional 68,630 shares in 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 worth $143,000 after buying an additional 1,505 shares in 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 worth $197,000 after buying an additional 450 shares in the last quarter. Sawgrass Asset Management LLC bought a new stake in shares of Denny’s Corporation during the first quarter worth $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 worth $2,472,000 after buying an additional 7,800 shares in the last quarter. Institutional investors and hedge funds own 92.62% of the company’s stock.

Shares of Denny’s Corporation (NASDAQ:DENN) traded up 0.33% on Friday, hitting $12.07. 29,604 shares of the company were exchanged. The firm has a market cap of $810.80 million, a P/E ratio of 23.67 and a beta of 0.61. The company has a 50-day moving average price of $11.68 and a 200 day moving average price of $12.07. Denny’s Corporation has a 52-week low of $10.02 and a 52-week high of $14.25.

Denny’s Corporation (NASDAQ:DENN) last released 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 company had revenue of $133.40 million during the quarter, compared to analysts’ expectations of $131.62 million. During the same quarter in the previous year, the firm posted $0.13 earnings per share. Denny’s Corporation’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that Denny’s Corporation will post $0.56 EPS for the current fiscal year.

TRADEMARK VIOLATION NOTICE: This article was reported by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another website, it was copied illegally and reposted in violation of US & international copyright & trademark law. The correct version of this article can be viewed at https://www.dailypolitical.com/2017/08/11/dennys-corporation-nasdaqdenn-position-lowered-by-legal-general-group-plc.html.

DENN has been the subject of a number of recent analyst reports. Instinet reiterated a “neutral” rating and set a $12.00 price target (up from $11.00) on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. Nomura restated a “hold” rating and issued a $12.00 price objective on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Wedbush restated a “buy” rating on shares of Denny’s Corporation in a report on Tuesday, June 6th. BidaskClub cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Finally, Zacks Investment Research cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $12.67.

Denny’s Corporation Company Profile

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.

Want to see what other hedge funds are holding DENN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denny’s Corporation (NASDAQ:DENN).

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

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.