Denny’s (NASDAQ:DENN – Get Rating) announced its earnings results on Tuesday. The restaurant operator reported $0.11 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.13 by ($0.02), MarketWatch Earnings reports. Denny’s had a net margin of 19.61% and a negative return on equity of 37.11%. The firm had revenue of $103.10 million during the quarter, compared to analysts’ expectations of $102.13 million. During the same quarter in the prior year, the company earned $0.01 EPS. The business’s revenue for the quarter was up 27.9% on a year-over-year basis.
Denny’s stock opened at $13.12 on Wednesday. Denny’s has a 1-year low of $12.68 and a 1-year high of $19.13. The firm has a market capitalization of $809.64 million, a PE ratio of 10.93, a price-to-earnings-growth ratio of 2.03 and a beta of 1.59. The firm’s 50 day simple moving average is $13.96 and its 200 day simple moving average is $14.90.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Denny’s from a “hold” rating to a “sell” rating in a research report on Tuesday, April 19th. StockNews.com assumed coverage on shares of Denny’s in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Citigroup began coverage on shares of Denny’s in a research report on Tuesday, April 12th. They issued a “neutral” rating and a $15.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $18.25.
About Denny’s (Get Rating)
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 29, 2021, it had 1,640 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.
- Get a free copy of the StockNews.com research report on Denny’s (DENN)
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