Denny’s Corp (NASDAQ:DENN) saw unusually-high trading volume on Wednesday . Approximately 951,640 shares traded hands during mid-day trading, an increase of 237% from the previous session’s volume of 282,436 shares.The stock last traded at $15.19 and had previously closed at $15.03.

DENN has been the subject of a number of recent research reports. Zacks Investment Research lowered Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Wedbush decreased their price target on Denny’s from $18.50 to $17.00 and set an “outperform” rating for the company in a report on Tuesday, July 31st. ValuEngine downgraded Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Finally, BidaskClub downgraded Denny’s from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 11th. Three research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $17.50.

The firm has a market capitalization of $962.84 million, a PE ratio of 26.12 and a beta of 0.48. The company has a debt-to-equity ratio of -2.63, a current ratio of 0.46 and a quick ratio of 0.42.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Monday, July 30th. The restaurant operator reported $0.18 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.16 by $0.02. The company had revenue of $157.33 million during the quarter, compared to the consensus estimate of $160.75 million. Denny’s had a negative return on equity of 39.88% and a net margin of 7.56%. Denny’s’s revenue for the quarter was up 17.9% on a year-over-year basis. During the same period in the previous year, the business earned $0.14 EPS. analysts predict that Denny’s Corp will post 0.68 EPS for the current year.

In other Denny’s news, CEO John C. Miller sold 80,901 shares of Denny’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $15.69, for a total transaction of $1,269,336.69. Following the completion of the sale, the chief executive officer now directly owns 755,853 shares of the company’s stock, valued at approximately $11,859,333.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 5.80% of the stock is owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in DENN. BlackRock Inc. increased its position in shares of Denny’s by 4.6% during the second quarter. BlackRock Inc. now owns 4,575,232 shares of the restaurant operator’s stock worth $72,883,000 after purchasing an additional 201,003 shares in the last quarter. Cardinal Capital Management LLC CT increased its position in shares of Denny’s by 54.9% during the first quarter. Cardinal Capital Management LLC CT now owns 1,604,157 shares of the restaurant operator’s stock worth $24,752,000 after purchasing an additional 568,684 shares in the last quarter. FMR LLC increased its position in shares of Denny’s by 10.3% during the second quarter. FMR LLC now owns 1,221,590 shares of the restaurant operator’s stock worth $19,460,000 after purchasing an additional 114,500 shares in the last quarter. Northern Trust Corp increased its position in shares of Denny’s by 0.7% during the first quarter. Northern Trust Corp now owns 828,782 shares of the restaurant operator’s stock worth $12,788,000 after purchasing an additional 5,394 shares in the last quarter. Finally, Castleark Management LLC increased its position in shares of Denny’s by 13.3% during the second quarter. Castleark Management LLC now owns 364,210 shares of the restaurant operator’s stock worth $5,802,000 after purchasing an additional 42,653 shares in the last quarter. 89.74% of the stock is owned by institutional investors.

Denny’s Company Profile (NASDAQ:DENN)

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 27, 2017, it had 1,735 franchised, licensed, and company restaurants worldwide, including 128 restaurants in Canada, Puerto Rico, Mexico, New Zealand, Honduras, the Philippines, Costa Rica, Dominican Republic, the United Arab Emirates, Guam, Curaçao, El Salvador, Guatemala, and the United Kingdom.

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