Zacks Investment Research upgraded shares of Denny’s Corporation (NASDAQ:DENN) from a sell rating to a hold rating in a research note published on Thursday morning.

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 have also recently issued reports on the stock. BidaskClub cut shares of Denny’s Corporation from a sell rating to a strong sell rating in a report on Saturday, August 26th. Wedbush restated an outperform rating on shares of Denny’s Corporation in a report on Tuesday, August 8th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company currently has an average rating of Hold and an average target price of $12.67.

Shares of Denny’s Corporation (NASDAQ DENN) opened at 12.11 on Thursday. Denny’s Corporation has a 1-year low of $10.02 and a 1-year high of $14.25. The firm has a market capitalization of $813.49 million, a P/E ratio of 23.75 and a beta of 0.58. The stock’s 50 day moving average is $11.93 and its 200 day moving average is $11.95.

Denny’s Corporation (NASDAQ:DENN) last issued its earnings results 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 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 analyst estimates of $131.62 million. During the same quarter in the previous year, the company posted $0.13 EPS. The company’s quarterly revenue was up 7.3% on a year-over-year basis. Equities analysts predict that Denny’s Corporation will post $0.56 earnings per share for the current year.

TRADEMARK VIOLATION WARNING: “Denny’s Corporation (DENN) Lifted to Hold at Zacks Investment Research” was first reported by Daily Political and is the property of of Daily Political. If you are accessing this piece on another website, it was illegally copied and reposted in violation of United States & international copyright & trademark law. The original version of this piece can be accessed at https://www.dailypolitical.com/2017/09/25/dennys-corporation-denn-lifted-to-hold-at-zacks-investment-research.html.

In related news, VP Stephen C. Dunn sold 5,111 shares of the stock in a transaction on Wednesday, September 13th. The shares were sold at an average price of $11.89, for a total transaction of $60,769.79. Following the completion of the sale, the vice president now owns 93,179 shares in the company, valued at approximately $1,107,898.31. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 5.20% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of DENN. PNC Financial Services Group Inc. boosted its stake in Denny’s Corporation by 68.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 9,957 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 4,041 shares during the period. SG Americas Securities LLC acquired a new stake in Denny’s Corporation during the 1st quarter worth $119,000. Stevens Capital Management LP acquired a new stake in Denny’s Corporation during the 1st quarter worth $127,000. BNP Paribas Arbitrage SA boosted its stake in 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 during the period. Finally, Koch Industries Inc. acquired a new stake in Denny’s Corporation during the 1st quarter worth $138,000. Hedge funds and other institutional investors own 92.42% of the company’s stock.

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.

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.