Q1 2020 EPS Estimates for Denny’s Corp Increased by Wedbush (NASDAQ:DENN)

Denny’s Corp (NASDAQ:DENN) – Research analysts at Wedbush boosted their Q1 2020 earnings estimates for shares of Denny’s in a research report issued on Wednesday, February 12th. Wedbush analyst N. Setyan now anticipates that the restaurant operator will earn $0.17 per share for the quarter, up from their previous forecast of $0.16. Wedbush also issued estimates for Denny’s’ Q3 2020 earnings at $0.19 EPS, Q4 2020 earnings at $0.24 EPS, FY2020 earnings at $0.79 EPS, Q1 2021 earnings at $0.21 EPS, Q3 2021 earnings at $0.21 EPS and Q4 2021 earnings at $0.23 EPS.

Denny’s (NASDAQ:DENN) last issued its quarterly earnings data on Tuesday, February 11th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $113.84 million during the quarter, compared to the consensus estimate of $109.17 million. Denny’s had a negative return on equity of 34.15% and a net margin of 18.80%.

DENN has been the subject of a number of other reports. ValuEngine cut Denny’s from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub cut Denny’s from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Oppenheimer restated a “buy” rating and set a $27.00 target price on shares of Denny’s in a report on Tuesday. TheStreet cut Denny’s from a “b-” rating to a “c+” rating in a report on Wednesday, October 30th. Finally, Maxim Group upgraded Denny’s from a “hold” rating to a “buy” rating and raised their target price for the company from $23.00 to $26.00 in a report on Wednesday, December 4th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $24.67.

Shares of NASDAQ:DENN opened at $20.15 on Thursday. The business has a 50-day moving average price of $20.63 and a 200 day moving average price of $21.34. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of 11.38, a PEG ratio of 2.87 and a beta of 0.08. Denny’s has a 12-month low of $16.74 and a 12-month high of $23.88.

A number of institutional investors have recently made changes to their positions in DENN. Tower Research Capital LLC TRC purchased a new position in shares of Denny’s in the 3rd quarter valued at about $48,000. Islay Capital Management LLC purchased a new position in shares of Denny’s in the 4th quarter valued at about $64,000. First Quadrant L P CA purchased a new position in shares of Denny’s in the 3rd quarter valued at about $82,000. Great West Life Assurance Co. Can purchased a new position in shares of Denny’s in the 4th quarter valued at about $71,000. Finally, Marshall Wace LLP purchased a new position in shares of Denny’s in the 4th quarter valued at about $88,000. Institutional investors own 90.35% of the company’s stock.

In related news, VP Stephen C. Dunn sold 58,332 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $19.51, for a total transaction of $1,138,057.32. Following the completion of the transaction, the vice president now directly owns 36,017 shares in the company, valued at approximately $702,691.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 6.10% of the company’s stock.

Denny’s Company Profile

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

Further Reading: Asset Allocation, Balancing Your Investments

Earnings History and Estimates for Denny`s (NASDAQ:DENN)

Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.