Brokerages predict that Denny’s Co. (NASDAQ:DENN) will announce sales of $77.42 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Denny’s’ earnings, with estimates ranging from $75.20 million to $78.50 million. Denny’s reported sales of $96.70 million in the same quarter last year, which would suggest a negative year over year growth rate of 19.9%. The business is scheduled to issue its next earnings results on Thursday, May 13th.
According to Zacks, analysts expect that Denny’s will report full-year sales of $373.58 million for the current financial year, with estimates ranging from $362.51 million to $395.19 million. For the next fiscal year, analysts expect that the company will post sales of $429.42 million, with estimates ranging from $413.30 million to $450.73 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Denny’s.
Denny’s (NASDAQ:DENN) last issued its earnings results on Monday, February 15th. The restaurant operator reported ($0.05) EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.01. The firm had revenue of $80.11 million for the quarter, compared to the consensus estimate of $79.50 million. Denny’s had a negative return on equity of 6.12% and a net margin of 3.44%.
In other Denny’s news, EVP John William Dillon sold 20,914 shares of the firm’s stock in a transaction on Wednesday, March 10th. The stock was sold at an average price of $17.82, for a total transaction of $372,687.48. Following the completion of the sale, the executive vice president now owns 70,639 shares of the company’s stock, valued at $1,258,786.98. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Jay C. Gilmore sold 3,300 shares of the firm’s stock in a transaction on Monday, March 15th. The stock was sold at an average price of $19.81, for a total value of $65,373.00. Following the transaction, the chief accounting officer now owns 87,672 shares of the company’s stock, valued at $1,736,782.32. The disclosure for this sale can be found here. In the last three months, insiders have sold 30,774 shares of company stock valued at $566,964. 6.10% of the stock is owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in DENN. FMR LLC boosted its position in shares of Denny’s by 102.6% during the first quarter. FMR LLC now owns 2,391,010 shares of the restaurant operator’s stock worth $43,874,000 after buying an additional 1,211,020 shares during the period. California Public Employees Retirement System boosted its position in shares of Denny’s by 17.2% during the third quarter. California Public Employees Retirement System now owns 140,614 shares of the restaurant operator’s stock worth $1,406,000 after buying an additional 20,601 shares during the period. Aperio Group LLC boosted its position in shares of Denny’s by 37.7% during the third quarter. Aperio Group LLC now owns 41,192 shares of the restaurant operator’s stock worth $412,000 after buying an additional 11,286 shares during the period. BlackRock Inc. boosted its position in shares of Denny’s by 31.9% during the third quarter. BlackRock Inc. now owns 5,662,093 shares of the restaurant operator’s stock worth $56,622,000 after buying an additional 1,367,870 shares during the period. Finally, LPL Financial LLC purchased a new position in shares of Denny’s during the third quarter worth $117,000. Institutional investors and hedge funds own 80.01% of the company’s stock.
DENN stock traded up $0.10 during mid-day trading on Monday, reaching $18.03. 5,484 shares of the company’s stock were exchanged, compared to its average volume of 751,289. The company has a market cap of $1.16 billion, a price-to-earnings ratio of 112.07, a price-to-earnings-growth ratio of 3.90 and a beta of 1.74. The stock’s 50 day moving average is $18.15 and its 200 day moving average is $14.07. Denny’s has a 12-month low of $7.86 and a 12-month high of $20.02.
Denny’s Company Profile
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 30, 2020, it had 1,650 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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