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

Denny’s (NASDAQ:DENN) issued its earnings results on Tuesday. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04), Briefing.com reports. The firm had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.98 million. Denny’s had a net margin of 5.27% and a negative return on equity of 63.27%. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the previous year, the company posted $0.14 earnings per share.

Denny’s Stock Performance

DENN traded down $0.29 on Wednesday, reaching $7.36. The company had a trading volume of 1,293,012 shares, compared to its average volume of 557,786. Denny’s has a fifty-two week low of $6.33 and a fifty-two week high of $11.91. The stock has a market cap of $382.87 million, a P/E ratio of 17.12, a P/E/G ratio of 1.37 and a beta of 2.01. The company’s fifty day moving average is $7.00 and its 200 day moving average is $8.35.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush dropped their target price on shares of Denny’s from $8.50 to $8.00 and set a “neutral” rating on the stock in a report on Wednesday. Benchmark reaffirmed a “buy” rating and issued a $15.00 target price on shares of Denny’s in a report on Wednesday. Oppenheimer dropped their target price on shares of Denny’s from $11.00 to $10.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com cut shares of Denny’s from a “buy” rating to a “hold” rating in a report on Thursday, May 2nd. Finally, Truist Financial dropped 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 research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $10.40.

Insider Activity at Denny’s

In other news, Director Brenda J. Lauderback sold 11,145 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $7.36, for a total transaction of $82,027.20. Following the transaction, the director now directly owns 15,406 shares of the company’s stock, valued at $113,388.16. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Denny’s news, CFO Robert P. Verostek bought 10,000 shares of the stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $6.53 per share, with a total value of $65,300.00. Following the completion of the acquisition, the chief financial officer now owns 24,000 shares of the company’s stock, valued at $156,720. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Brenda J. Lauderback sold 11,145 shares of Denny’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $7.36, for a total transaction of $82,027.20. Following the completion of the transaction, the director now directly owns 15,406 shares in the company, valued at $113,388.16. The disclosure for this sale can be found here. 4.20% of the stock is owned by company insiders.

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.