Avenir Corp Lowers stake in Denny's Corporation (DENN)

Denny's Corporation (DENN) : Avenir Corp reduced its stake in Denny's Corporation by 6.15% during the most recent quarter end. The investment management company now holds a total of 7,822,307 shares of Denny's Corporation which is valued at $95,745,038 after selling 512,894 shares in Denny's Corporation , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Denny's Corporation makes up approximately 8.27% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Two Sigma Advisers Lp reduced its stake in DENN by selling 337,300 shares or 79.52% in the most recent quarter. The Hedge Fund company now holds 86,868 shares of DENN which is valued at $1,063,264.Princeton Alpha Management Lp reduced its stake in DENN by selling 8,957 shares or 19.4% in the most recent quarter. The Hedge Fund company now holds 37,223 shares of DENN which is valued at $439,604. Denny's Corporation makes up approx 0.08% of Princeton Alpha Management Lp’s portfolio.First Trust Advisors Lp boosted its stake in DENN in the latest quarter, The investment management firm added 3,505 additional shares and now holds a total of 99,947 shares of Denny's Corporation which is valued at $1,099,417.Shell Asset Management Co reduced its stake in DENN by selling 2,897 shares or 4.39% in the most recent quarter. The Hedge Fund company now holds 63,157 shares of DENN which is valued at $654,938. Denny's Corporation makes up approx 0.02% of Shell Asset Management Co’s portfolio.Rice Hall James Associates reduced its stake in DENN by selling 95 shares or 0.74% in the most recent quarter. The Hedge Fund company now holds 12,688 shares of DENN which is valued at $132,716. Denny's Corporation makes up approx 0.01% of Rice Hall James Associates’s portfolio.

Denny's Corporation opened for trading at $12.12 and hit $12.29 on the upside on Monday, eventually ending the session at $12.24, with a gain of 0.74% or 0.09 points. The heightened volatility saw the trading volume jump to 3,68,472 shares. Company has a market cap of $898 M.

On the company’s financial health, Denny's Corporation reported $0.13 EPS for the quarter, based on the information available during the earnings call on Nov 1, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $128.39 million for the quarter, compared to analysts expectations of $127.91 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.11 EPS.

Denny’s Corporation (Denny’s) is a franchised full-service restaurant chain. The Company through its wholly owned subsidiary Denny’s Inc. owns and operates the Denny’s brand. Its other wholly owned subsidiaries include DFO LLC and Denny’s Realty LLC. The Denny’s brand consisted of approximately 1702 franchised licensed and the Company operated restaurants around the world including over 1596 restaurants in the United States and over 106 international locations. Approximately 1541 of Denny’s restaurants were franchised or licensed and over 161 were Company operated. It offers a variety of items for breakfast lunch dinner and late night dining. Denny’s Fit Fare menu helps its guests identify items suited to their dietary needs. Denny’s restaurants offer special items for children and seniors at reduced prices. It offers a selection of lunch and dinner items including burgers sandwiches salads and skillet entrees along with beverages appetizers and desserts.

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