Denny’s Co. (NASDAQ:DENN) – Equities research analysts at Oppenheimer lowered their Q1 2021 earnings per share (EPS) estimates for Denny’s in a research note issued to investors on Tuesday, January 12th. Oppenheimer analyst M. Tamas now anticipates that the restaurant operator will post earnings of $0.06 per share for the quarter, down from their prior forecast of $0.07. Oppenheimer also issued estimates for Denny’s’ Q4 2021 earnings at $0.14 EPS and FY2022 earnings at $0.69 EPS.
Denny’s (NASDAQ:DENN) last released its quarterly earnings results on Tuesday, October 27th. The restaurant operator reported $0.01 earnings per share for the quarter, beating the Zacks’ consensus estimate of ($0.04) by $0.05. Denny’s had a negative return on equity of 6.12% and a net margin of 3.44%. The company had revenue of $71.64 million for the quarter, compared to analysts’ expectations of $67.80 million.
NASDAQ DENN opened at $15.16 on Thursday. Denny’s has a 12 month low of $4.50 and a 12 month high of $22.13. The firm has a market capitalization of $966.72 million, a PE ratio of 94.76 and a beta of 1.68. The company’s 50 day simple moving average is $13.60 and its 200 day simple moving average is $10.95.
A number of large investors have recently added to or reduced their stakes in DENN. North Star Investment Management Corp. increased its holdings in Denny’s by 34.0% in the 4th quarter. North Star Investment Management Corp. now owns 167,075 shares of the restaurant operator’s stock worth $2,453,000 after buying an additional 42,425 shares in the last quarter. Burney Co. purchased a new position in shares of Denny’s during the 3rd quarter valued at about $849,000. California State Teachers Retirement System lifted its position in shares of Denny’s by 14.9% during the 3rd quarter. California State Teachers Retirement System now owns 94,002 shares of the restaurant operator’s stock valued at $940,000 after buying an additional 12,171 shares in the last quarter. Cubist Systematic Strategies LLC lifted its position in shares of Denny’s by 18.1% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 48,762 shares of the restaurant operator’s stock valued at $488,000 after buying an additional 7,484 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Denny’s by 57.9% during the 3rd quarter. AQR Capital Management LLC now owns 109,106 shares of the restaurant operator’s stock valued at $1,091,000 after buying an additional 39,994 shares in the last quarter. 74.67% of the stock is currently owned by institutional investors and hedge funds.
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of March 25, 2020, it had 1,695 franchised, licensed, and company restaurants worldwide. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in 2002.
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