Denny’s (NASDAQ:DENN) Posts Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Denny’s (NASDAQ:DENN) issued its earnings results on Tuesday. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.15 by ($0.01), Briefing.com reports. Denny’s had a net margin of 3.90% and a negative return on equity of 48.06%. The business had revenue of $111.76 million for the quarter, compared to the consensus estimate of $115.46 million. During the same period last year, the business posted $0.17 EPS. The firm’s revenue for the quarter was down 2.1% compared to the same quarter last year.

Denny’s Price Performance

Shares of DENN stock opened at $6.26 on Friday. The company has a market cap of $321.58 million, a PE ratio of 18.97, a price-to-earnings-growth ratio of 1.11 and a beta of 2.02. The stock’s 50 day simple moving average is $6.31 and its two-hundred day simple moving average is $6.95. Denny’s has a 1 year low of $5.37 and a 1 year high of $11.16.

Analyst Ratings Changes

Several research firms have recently commented on DENN. Wedbush lowered their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating on the stock in a report on Wednesday. Truist Financial cut their price objective on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Oppenheimer decreased their target price on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a research report on Wednesday. Benchmark restated a “buy” rating and set a $15.00 price target on shares of Denny’s in a report on Wednesday, July 31st. Finally, StockNews.com raised Denny’s from a “hold” rating to a “buy” rating in a report on Wednesday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Denny’s has an average rating of “Moderate Buy” and an average price target of $9.00.

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.