Denny’s (NASDAQ:DENN) Releases Earnings Results, Misses Estimates By $0.01 EPS

Denny’s (NASDAQ:DENN) announced its earnings results on Tuesday. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Briefing.com reports. Denny’s had a negative return on equity of 57.37% and a net margin of 4.19%. The business had revenue of $111.76 million for the quarter, compared to analysts’ expectations of $115.46 million. During the same quarter last year, the business posted $0.17 earnings per share. The business’s revenue was down 2.1% on a year-over-year basis.

Denny’s Trading Up 5.5 %

Shares of NASDAQ DENN traded up $0.30 on Wednesday, reaching $5.77. 441,626 shares of the company traded hands, compared to its average volume of 572,919. Denny’s has a fifty-two week low of $5.37 and a fifty-two week high of $11.16. The company has a 50 day moving average of $6.31 and a 200 day moving average of $6.96. The stock has a market capitalization of $300.15 million, a PE ratio of 13.37, a P/E/G ratio of 1.35 and a beta of 2.02.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on DENN shares. Citigroup lowered their price objective on shares of Denny’s from $8.00 to $7.00 and set a “neutral” rating on the stock in a research report on Tuesday, October 15th. Wedbush decreased their price objective on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a research report on Wednesday. Oppenheimer decreased their price objective on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday. Benchmark restated a “buy” rating and issued a $15.00 target price on shares of Denny’s in a report on Wednesday, July 31st. Finally, Truist Financial reduced their target price on shares of Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $9.00.

Denny’s Company Profile

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.