Wedbush Research Analysts Decrease Earnings Estimates for Denny’s Co. (NASDAQ:DENN)

Denny’s Co. (NASDAQ:DENNGet Rating) – Wedbush decreased their Q2 2022 earnings per share (EPS) estimates for Denny’s in a report released on Wednesday, May 4th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will earn $0.16 per share for the quarter, down from their previous forecast of $0.18. Wedbush also issued estimates for Denny’s’ Q3 2022 earnings at $0.18 EPS, Q4 2022 earnings at $0.17 EPS, FY2022 earnings at $0.61 EPS, Q1 2023 earnings at $0.16 EPS, Q2 2023 earnings at $0.17 EPS, Q3 2023 earnings at $0.19 EPS, Q4 2023 earnings at $0.19 EPS and FY2023 earnings at $0.72 EPS.

A number of other research analysts have also weighed in on DENN. StockNews.com began coverage on Denny’s in a report on Thursday, March 31st. They set a “hold” rating for the company. Zacks Investment Research raised Denny’s from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Citigroup started coverage on Denny’s in a research report on Tuesday, April 12th. They set a “neutral” rating and a $15.00 price target for the company. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $18.25.

DENN stock opened at $11.31 on Thursday. The firm has a market capitalization of $697.94 million, a PE ratio of 9.50, a PEG ratio of 2.12 and a beta of 1.59. Denny’s has a twelve month low of $10.87 and a twelve month high of $18.92. The stock has a 50-day simple moving average of $13.87 and a two-hundred day simple moving average of $14.88.

Denny’s (NASDAQ:DENNGet Rating) last posted its earnings results on Tuesday, May 3rd. The restaurant operator reported $0.11 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.13 by ($0.02). The company had revenue of $103.10 million for the quarter, compared to analysts’ expectations of $102.13 million. Denny’s had a net margin of 19.61% and a negative return on equity of 37.11%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.01 EPS.

A number of large investors have recently added to or reduced their stakes in the stock. Advisor Group Holdings Inc. lifted its position in Denny’s by 11.3% in the 1st quarter. Advisor Group Holdings Inc. now owns 22,616 shares of the restaurant operator’s stock worth $323,000 after buying an additional 2,305 shares during the last quarter. Victory Capital Management Inc. lifted its position in Denny’s by 8.7% in the 1st quarter. Victory Capital Management Inc. now owns 28,857 shares of the restaurant operator’s stock worth $370,000 after buying an additional 2,315 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in Denny’s by 10.8% in the 1st quarter. Envestnet Asset Management Inc. now owns 51,596 shares of the restaurant operator’s stock worth $738,000 after buying an additional 5,035 shares during the last quarter. SG Americas Securities LLC lifted its position in Denny’s by 44.9% in the 1st quarter. SG Americas Securities LLC now owns 16,037 shares of the restaurant operator’s stock worth $229,000 after buying an additional 4,969 shares during the last quarter. Finally, Belpointe Asset Management LLC bought a new stake in Denny’s in the 1st quarter worth approximately $335,000.

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 and Estimates for Denny's (NASDAQ:DENN)

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