Denny’s (NASDAQ:DENN) Releases Earnings Results, Misses Estimates By $0.03 EPS

Denny’s (NASDAQ:DENN) announced its quarterly earnings results on Tuesday. The restaurant operator reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.03), Briefing.com reports. The firm had revenue of $109.97 million during the quarter, compared to analysts’ expectations of $115.17 million. Denny’s had a net margin of 5.27% and a negative return on equity of 66.19%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.13 EPS.

Denny’s Price Performance

NASDAQ DENN opened at $8.04 on Thursday. The stock’s fifty day moving average price is $8.76 and its 200 day moving average price is $9.52. The company has a market cap of $426.92 million, a price-to-earnings ratio of 18.70, a PEG ratio of 1.39 and a beta of 1.94. Denny’s has a 1 year low of $7.82 and a 1 year high of $12.53.

Insiders Place Their Bets

In other Denny’s news, Director John C. Miller sold 35,359 shares of the stock in a transaction dated Monday, February 26th. The stock was sold at an average price of $9.25, for a total transaction of $327,070.75. Following the sale, the director now directly owns 740,626 shares of the company’s stock, valued at approximately $6,850,790.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on DENN shares. Benchmark restated a “buy” rating and set a $15.00 target price on shares of Denny’s in a report on Wednesday. StockNews.com raised Denny’s from a “hold” rating to a “buy” rating in a research report on Friday, April 19th. Truist Financial reduced their price target on Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a research report on Wednesday, February 14th. Oppenheimer reduced their price target on Denny’s from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Wedbush cut their target price on Denny’s from $10.50 to $9.50 and set a “neutral” rating on the stock in a research report on Friday, April 26th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Denny’s has a consensus rating of “Moderate Buy” and a consensus target price of $11.42.

About Denny’s

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.