Denny’s Corp (DENN) Stake Lessened by Zebra Capital Management LLC

Zebra Capital Management LLC lowered its stake in shares of Denny’s Corp (NASDAQ:DENN) by 29.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,234 shares of the restaurant operator’s stock after selling 21,445 shares during the quarter. Zebra Capital Management LLC owned about 0.08% of Denny’s worth $800,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of DENN. Koch Industries Inc. acquired a new position in shares of Denny’s during the first quarter valued at about $157,000. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Denny’s during the second quarter valued at about $162,000. Principal Financial Group Inc. acquired a new position in shares of Denny’s during the first quarter valued at about $177,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Denny’s during the second quarter valued at about $202,000. Finally, First Republic Investment Management Inc. increased its holdings in Denny’s by 35.2% in the 1st quarter. First Republic Investment Management Inc. now owns 15,630 shares of the restaurant operator’s stock worth $241,000 after buying an additional 4,070 shares during the period. Hedge funds and other institutional investors own 89.74% of the company’s stock.

Several equities analysts recently weighed in on the stock. BidaskClub downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Saturday. Wedbush cut their price target on shares of Denny’s from $18.50 to $17.00 and set an “outperform” rating on the stock in a report on Tuesday, July 31st. ValuEngine downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Wednesday, August 8th. Stephens downgraded shares of Denny’s from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $18.00 to $16.50 in a report on Wednesday. Finally, Zacks Investment Research downgraded shares of Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Five analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Denny’s has a consensus rating of “Hold” and an average target price of $17.17.

Shares of NASDAQ:DENN opened at $14.49 on Friday. Denny’s Corp has a twelve month low of $11.49 and a twelve month high of $17.75. The company has a debt-to-equity ratio of -2.63, a quick ratio of 0.42 and a current ratio of 0.46. The company has a market capitalization of $906.42 million, a P/E ratio of 22.00 and a beta of 0.48.

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

About Denny’s

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

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