Wells Fargo & Company MN lowered its stake in shares of Denny’s Corporation (NASDAQ:DENN) by 4.4% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,158,725 shares of the restaurant operator’s stock after selling 238,351 shares during the period. Wells Fargo & Company MN owned 7.68% of Denny’s Corporation worth $60,719,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. SG Americas Securities LLC bought a new stake in shares of Denny’s Corporation during the 1st quarter worth approximately $119,000. Stevens Capital Management LP bought a new stake in shares of Denny’s Corporation during the 1st quarter worth approximately $127,000. BNP Paribas Arbitrage SA raised its stake in shares of Denny’s Corporation by 939.9% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 11,376 shares of the restaurant operator’s stock worth $134,000 after purchasing an additional 10,282 shares in the last quarter. Koch Industries Inc. bought a new stake in shares of Denny’s Corporation during the 1st quarter worth approximately $138,000. Finally, HighTower Advisors LLC raised its stake in shares of Denny’s Corporation by 5.8% during the 1st quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock worth $150,000 after purchasing an additional 666 shares in the last quarter. Institutional investors own 92.45% of the company’s stock.

Shares of Denny’s Corporation (NASDAQ DENN) opened at 11.84 on Friday. The company has a market cap of $795.35 million, a PE ratio of 23.22 and a beta of 0.58. Denny’s Corporation has a 1-year low of $10.02 and a 1-year high of $14.25. The company has a 50-day moving average price of $11.90 and a 200-day moving average price of $11.97.

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

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A number of brokerages have recently issued reports on DENN. Wedbush reiterated an “outperform” rating on shares of Denny’s Corporation in a research note on Tuesday, August 8th. Zacks Investment Research cut Denny’s Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, August 3rd. Finally, BidaskClub cut Denny’s Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, July 12th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company’s stock. Denny’s Corporation currently has a consensus rating of “Hold” and an average target price of $12.67.

In related news, VP Stephen C. Dunn sold 5,111 shares of Denny’s Corporation stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $11.89, for a total transaction of $60,769.79. Following the sale, the vice president now directly owns 93,179 shares in the company, valued at $1,107,898.31. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.20% 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.

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

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