Denny’s (NASDAQ:DENN) Announces Earnings Results

Denny’s (NASDAQ:DENNGet 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.

Large investors have recently made changes to their positions in the business. Walleye Trading LLC grew its stake in Denny’s by 65.4% in the 4th quarter. Walleye Trading LLC now owns 47,833 shares of the restaurant operator’s stock worth $765,000 after buying an additional 18,912 shares in the last quarter. California State Teachers Retirement System boosted its position in shares of Denny’s by 2.3% during the fourth quarter. California State Teachers Retirement System now owns 88,044 shares of the restaurant operator’s stock valued at $1,409,000 after purchasing an additional 1,956 shares in the last quarter. Thrivent Financial for Lutherans bought a new position in shares of Denny’s in the 4th quarter worth about $662,000. MetLife Investment Management LLC lifted its position in Denny’s by 22.3% during the 4th quarter. MetLife Investment Management LLC now owns 21,650 shares of the restaurant operator’s stock valued at $346,000 after acquiring an additional 3,951 shares during the period. Finally, Marshall Wace LLP boosted its stake in Denny’s by 606.0% during the fourth quarter. Marshall Wace LLP now owns 75,912 shares of the restaurant operator’s stock worth $1,215,000 after acquiring an additional 65,159 shares in the last quarter.

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.

Further Reading

Earnings History for Denny's (NASDAQ:DENN)

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