Denny’s (NASDAQ:DENN – Get Free Report) released its quarterly earnings results on Tuesday. The restaurant operator reported $0.13 earnings per share for the quarter, missing the consensus estimate of $0.17 by ($0.04), Briefing.com reports. The company had revenue of $115.90 million during the quarter, compared to analyst estimates of $118.98 million. Denny’s had a net margin of 4.19% and a negative return on equity of 57.88%. The firm’s quarterly revenue was down .9% compared to the same quarter last year. During the same quarter last year, the company earned $0.14 EPS.
Denny’s Trading Down 4.9 %
NASDAQ DENN opened at $7.00 on Friday. The firm’s fifty day moving average price is $7.00 and its two-hundred day moving average price is $8.34. Denny’s has a 1 year low of $6.33 and a 1 year high of $11.16. The firm has a market capitalization of $359.59 million, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 1.45 and a beta of 2.01.
Insiders Place Their Bets
In related news, CFO Robert P. Verostek acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $6.53 per share, with a total value of $65,300.00. Following the completion of the transaction, the chief financial officer now directly owns 24,000 shares of the company’s stock, valued at $156,720. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Robert P. Verostek acquired 10,000 shares of the company’s stock in a transaction dated Friday, June 14th. The shares were bought at an average cost of $6.53 per share, with a total value of $65,300.00. Following the completion of the transaction, the chief financial officer now directly owns 24,000 shares of the company’s stock, valued at $156,720. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Brenda J. Lauderback sold 11,145 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $7.36, for a total transaction of $82,027.20. Following the completion of the transaction, the director now directly owns 15,406 shares in the company, valued at $113,388.16. The disclosure for this sale can be found here. Insiders own 4.20% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Report on Denny’s
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.
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