Analysts expect Denny’s Co. (NASDAQ:DENN) to report $77.42 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Denny’s’ earnings, with the lowest sales estimate coming in at $75.20 million and the highest estimate coming in at $78.50 million. Denny’s posted sales of $96.70 million in the same quarter last year, which would indicate a negative year-over-year growth rate of 19.9%. The firm is expected to report its next earnings results on Thursday, May 13th.
According to Zacks, analysts expect that Denny’s will report full year sales of $373.58 million for the current fiscal year, with estimates ranging from $362.51 million to $395.19 million. For the next year, analysts expect that the business will post sales of $429.42 million, with estimates ranging from $413.30 million to $450.73 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that cover Denny’s.
Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Monday, February 15th. The restaurant operator reported ($0.05) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.01. Denny’s had a negative return on equity of 6.12% and a net margin of 3.44%. The company had revenue of $80.11 million during the quarter, compared to analyst estimates of $79.50 million.
Shares of DENN stock traded down $0.09 during trading hours on Monday, reaching $18.06. The company had a trading volume of 450,842 shares, compared to its average volume of 740,907. Denny’s has a twelve month low of $7.86 and a twelve month high of $20.02. The company has a market capitalization of $1.16 billion, a P/E ratio of 112.88, a price-to-earnings-growth ratio of 3.90 and a beta of 1.74. The stock’s fifty day simple moving average is $18.21 and its 200 day simple moving average is $14.15.
In other news, EVP John William Dillon sold 20,914 shares of the company’s stock in a transaction dated Wednesday, March 10th. The shares were sold at an average price of $17.82, for a total transaction of $372,687.48. Following the completion of the transaction, the executive vice president now owns 70,639 shares in the company, valued at $1,258,786.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Jay C. Gilmore sold 3,300 shares of the company’s stock in a transaction dated Monday, March 15th. The stock was sold at an average price of $19.81, for a total transaction of $65,373.00. Following the transaction, the chief accounting officer now owns 87,672 shares of the company’s stock, valued at approximately $1,736,782.32. The disclosure for this sale can be found here. Insiders have sold 30,774 shares of company stock valued at $566,964 in the last 90 days. Insiders own 6.10% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Principal Financial Group Inc. grew its position in Denny’s by 160.2% in the 4th quarter. Principal Financial Group Inc. now owns 85,684 shares of the restaurant operator’s stock valued at $1,257,000 after buying an additional 52,750 shares in the last quarter. Truist Financial Corp bought a new position in Denny’s in the 4th quarter valued at about $193,000. Squarepoint Ops LLC bought a new position in Denny’s in the 4th quarter valued at about $2,052,000. Morgan Stanley grew its position in Denny’s by 182.0% in the 4th quarter. Morgan Stanley now owns 710,067 shares of the restaurant operator’s stock valued at $10,423,000 after buying an additional 458,298 shares in the last quarter. Finally, Rice Hall James & Associates LLC grew its position in Denny’s by 7.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 86,063 shares of the restaurant operator’s stock valued at $1,263,000 after buying an additional 5,812 shares in the last quarter. Hedge funds and other institutional investors own 80.01% 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 30, 2020, it had 1,650 franchised, licensed, and company restaurants worldwide. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in 2002.
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