Denny’s (NASDAQ:DENN) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS

Denny’s (NASDAQ:DENN) released its earnings results on Tuesday. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.04), Briefing.com reports. The company had revenue of $115.90 million for the quarter, compared to analyst estimates of $118.98 million. Denny’s had a negative return on equity of 57.88% and a net margin of 4.19%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period last year, the company posted $0.14 earnings per share.

Denny’s Stock Performance

Shares of DENN traded down $0.08 during mid-day trading on Thursday, reaching $7.28. 212,371 shares of the company were exchanged, compared to its average volume of 555,437. The business has a 50 day simple moving average of $7.00 and a two-hundred day simple moving average of $8.35. Denny’s has a 52 week low of $6.33 and a 52 week high of $11.16. The stock has a market capitalization of $378.71 million, a PE ratio of 17.12, a PEG ratio of 1.40 and a beta of 2.01.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Oppenheimer reduced their target price on Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday. Truist Financial dropped their price objective on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Benchmark restated a “buy” rating and set a $15.00 price objective on shares of Denny’s in a research report on Wednesday. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a research report on Thursday, May 2nd. Finally, Wedbush dropped their price objective on Denny’s from $8.50 to $8.00 and set a “neutral” rating for the company in a research report on Wednesday. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $10.40.

Insider Buying and Selling

In other Denny’s news, CAO Jay C. Gilmore bought 12,000 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average price of $6.51 per share, with a total value of $78,120.00. Following the completion of the purchase, the chief accounting officer now directly owns 121,227 shares of the company’s stock, valued at approximately $789,187.77. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CFO Robert P. Verostek bought 10,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average price of $6.53 per share, for a total transaction of $65,300.00. Following the completion of the acquisition, the chief financial officer now directly owns 24,000 shares of the company’s stock, valued at $156,720. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CAO Jay C. Gilmore bought 12,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average price of $6.51 per share, for a total transaction of $78,120.00. Following the acquisition, the chief accounting officer now directly owns 121,227 shares of the company’s stock, valued at $789,187.77. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by insiders.

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.