Bessemer Group Inc. held its stake in Denny’s Corporation (NASDAQ:DENN) during the second quarter, Holdings Channel reports. The firm owned 121,047 shares of the restaurant operator’s stock at the end of the second quarter. Bessemer Group Inc.’s holdings in Denny’s Corporation were worth $1,425,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. SG Americas Securities LLC acquired a new stake in Denny’s Corporation during the first quarter worth $119,000. Stevens Capital Management LP bought a new position in Denny’s Corporation during the first quarter valued at $127,000. Koch Industries Inc. bought a new position in Denny’s Corporation during the first quarter valued at $138,000. GW&K Investment Management LLC boosted its position in 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 period. Finally, HighTower Advisors LLC boosted 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 valued at $150,000 after buying an additional 666 shares during the period. 92.62% of the stock is owned by institutional investors and hedge funds.

Shares of Denny’s Corporation (NASDAQ:DENN) opened at 12.10 on Friday. Denny’s Corporation has a 52 week low of $10.02 and a 52 week high of $14.25. The firm has a market capitalization of $812.82 million, a P/E ratio of 23.73 and a beta of 0.61. The firm’s 50-day moving average is $11.71 and its 200-day moving average is $12.07.

Denny’s Corporation (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 for the quarter, compared to the consensus estimate of $131.62 million. During the same quarter in the prior year, the company earned $0.13 earnings per share. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts anticipate that Denny’s Corporation will post $0.56 EPS for the current year.

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

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

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