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

Denny's Corporation (DENN) : Avenir Corp reduced its stake in Denny's Corporation by 3.27% during the most recent quarter end. The investment management company now holds a total of 8,335,201 shares of Denny's Corporation which is valued at $91,853,915 after selling 281,674 shares in Denny's Corporation , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Denny's Corporation makes up approximately 7.19% of Avenir Corp’s portfolio.

Other Hedge Funds, Including , Renaissance Technologies reduced its stake in DENN by selling 576,400 shares or 14.94% in the most recent quarter. The Hedge Fund company now holds 3,281,211 shares of DENN which is valued at $36,158,945. Denny's Corporation makes up approx 0.07% of Renaissance Technologies’s portfolio. Catalyst Capital Advisors added DENN to its portfolio by purchasing 32,500 company shares during the most recent quarter which is valued at $358,150. Denny's Corporation makes up approx 0.06% of Catalyst Capital Advisors’s portfolio.Teacher Retirement System Of Texas boosted its stake in DENN in the latest quarter, The investment management firm added 1,126 additional shares and now holds a total of 11,035 shares of Denny's Corporation which is valued at $119,950.Geduld E E reduced its stake in DENN by selling 50,000 shares or 66.67% in the most recent quarter. The Hedge Fund company now holds 25,000 shares of DENN which is valued at $276,000. Denny's Corporation makes up approx 0.38% of Geduld E E’s portfolio.Cadence Capital Management reduced its stake in DENN by selling 1,720 shares or 2.38% in the most recent quarter. The Hedge Fund company now holds 70,539 shares of DENN which is valued at $768,170. Denny's Corporation makes up approx 0.06% of Cadence Capital Management’s portfolio.

Denny's Corporation opened for trading at $10.48 and hit $10.59 on the upside on Monday, eventually ending the session at $10.48, with a gain of 0.29% or 0.03 points. The heightened volatility saw the trading volume jump to 3,79,096 shares. Company has a market cap of $784 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 Aug 3, 2016. Analyst had a consensus estimate of $0.13. The company had revenue of $124.32 million for the quarter, compared to analysts expectations of $125.66 million. The company’s revenue was up .8% 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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