Q2 2022 EPS Estimates for Denny’s Co. Reduced by Oppenheimer (NASDAQ:DENN)

Denny’s Co. (NASDAQ:DENN – Get Rating) – Investment analysts at Oppenheimer dropped their Q2 2022 earnings per share estimates for Denny’s in a research report issued to clients and investors on Wednesday, May 4th. Oppenheimer analyst M. Tamas now forecasts that the restaurant operator will post earnings per share of $0.14 for the quarter, down from their prior forecast of $0.18. Oppenheimer also issued estimates for Denny’s’ Q3 2022 earnings at $0.18 EPS, Q4 2022 earnings at $0.17 EPS, FY2022 earnings at $0.60 EPS and FY2023 earnings at $0.73 EPS.

Denny’s (NASDAQ:DENN – Get Rating) last posted its earnings results on Tuesday, May 3rd. The restaurant operator reported $0.11 earnings per share for the quarter, missing the consensus estimate of $0.13 by ($0.02). The firm had revenue of $103.10 million during the quarter, compared to analyst estimates of $102.13 million. Denny’s had a net margin of 18.24% and a negative return on equity of 52.44%. The firm’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same period last year, the company posted $0.01 EPS.

A number of other analysts have also issued reports on the company. Citigroup initiated coverage on Denny’s in a research note on Tuesday, April 12th. They issued a “neutral” rating and a $15.00 price target on the stock. StockNews.com initiated coverage on Denny’s in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, Zacks Investment Research raised Denny’s from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $18.25.

DENN opened at $10.77 on Monday. The firm has a market cap of $664.64 million, a P/E ratio of 9.05, a PEG ratio of 1.81 and a beta of 1.59. Denny’s has a 52 week low of $10.49 and a 52 week high of $18.28. The business’s fifty day simple moving average is $13.67 and its 200 day simple moving average is $14.81.

A number of institutional investors have recently made changes to their positions in DENN. Ensign Peak Advisors Inc purchased a new position in shares of Denny’s during the fourth quarter valued at $26,000. New York State Teachers Retirement System acquired a new position in shares of Denny’s during the 4th quarter worth about $86,000. National Bank of Canada FI acquired a new position in shares of Denny’s during the 4th quarter worth about $108,000. AdvisorShares Investments LLC lifted its position in shares of Denny’s by 220.2% during the 4th quarter. AdvisorShares Investments LLC now owns 9,304 shares of the restaurant operator’s stock worth $149,000 after purchasing an additional 6,398 shares during the last quarter. Finally, Teacher Retirement System of Texas acquired a new position in shares of Denny’s during the 3rd quarter worth about $168,000.

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.

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