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

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

Denny’s Trading Up 5.1 %

Shares of NASDAQ:DENN traded up $0.28 on Wednesday, reaching $5.75. 418,298 shares of the company traded hands, compared to its average volume of 572,364. Denny’s has a 52 week low of $5.37 and a 52 week high of $11.16. The business’s 50-day simple moving average is $6.31 and its 200 day simple moving average is $6.96. The stock has a market capitalization of $299.11 million, a P/E ratio of 12.63, a price-to-earnings-growth ratio of 1.35 and a beta of 2.02.

Analysts Set New Price Targets

DENN has been the subject of a number of research reports. Wedbush reduced their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday. Oppenheimer decreased their target price on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday. Citigroup dropped their price objective on Denny’s from $8.00 to $7.00 and set a “neutral” rating for the company in a research note on Tuesday, October 15th. Benchmark reiterated a “buy” rating and set a $15.00 target price on shares of Denny’s in a research report on Wednesday, July 31st. Finally, Truist Financial reduced their target price on Denny’s from $11.00 to $10.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Denny’s has an average rating of “Moderate Buy” and a consensus target price of $9.00.

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.