Denny’s (DENN) to Release Quarterly Earnings on Tuesday

Denny’s (NASDAQ:DENN) will be issuing its quarterly earnings data after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.14 per share for the quarter. Individual interested in listening to the company’s earnings conference call can do so using this link.

Denny’s (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by ($0.03). Denny’s had a net margin of 4.30% and a negative return on equity of 70.78%. The firm had revenue of $115.40 million for the quarter, compared to the consensus estimate of $115.67 million. During the same quarter in the previous year, the business earned $0.18 earnings per share. The firm’s revenue for the quarter was down 4.5% on a year-over-year basis. On average, analysts expect Denny’s to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Denny’s Stock Up 0.4 %

Shares of Denny’s stock opened at $8.20 on Tuesday. The stock’s 50-day simple moving average is $8.91 and its 200-day simple moving average is $9.53. Denny’s has a 52 week low of $8.00 and a 52 week high of $12.53. The company has a market capitalization of $435.42 million, a price-to-earnings ratio of 23.43, a PEG ratio of 1.41 and a beta of 1.93.

Insiders Place Their Bets

In other Denny’s news, Director John C. Miller sold 35,359 shares of the business’s stock in a transaction dated Monday, February 26th. The shares were sold at an average price of $9.25, for a total value of $327,070.75. Following the completion of the transaction, the director now directly owns 740,626 shares in the company, valued at $6,850,790.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 4.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

DENN has been the topic of a number of research reports. StockNews.com upgraded shares of Denny’s from a “hold” rating to a “buy” rating in a report on Friday. Oppenheimer dropped their price objective on shares of Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a research note on Wednesday, February 14th. Wedbush cut their target price on Denny’s from $11.00 to $10.50 and set a “neutral” rating on the stock in a research note on Wednesday, February 14th. Finally, Truist Financial reduced their price target on shares of Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Wednesday, February 14th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Denny’s currently has a consensus rating of “Moderate Buy” and an average target price of $11.92.

About Denny’s

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.