Denny’s Corporation (DENN) Expected to Announce Quarterly Sales of $132.57 Million
Equities analysts expect that Denny’s Corporation (NASDAQ:DENN) will announce sales of $132.57 million for the current quarter, Zacks Investment Research reports. Two analysts have provided estimates for Denny’s Corporation’s earnings. The lowest sales estimate is $132.04 million and the highest is $133.10 million. Denny’s Corporation posted sales of $124.32 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 6.6%. The firm is expected to issue its next quarterly earnings results on Wednesday, August 2nd.
According to Zacks, analysts expect that Denny’s Corporation will report full year sales of $132.57 million for the current fiscal year, with estimates ranging from $527.91 million to $530.24 million. For the next fiscal year, analysts anticipate that the company will report sales of $540.65 million per share. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Denny’s Corporation.
Denny’s Corporation (NASDAQ:DENN) last released its earnings results on Tuesday, May 2nd. The restaurant operator reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.13 by $0.01. Denny’s Corporation had a net margin of 3.49% and a negative return on equity of 68.77%. The firm had revenue of $127.91 million for the quarter, compared to analysts’ expectations of $128.55 million.
DENN has been the topic of a number of recent analyst reports. Wedbush reissued a “buy” rating on shares of Denny’s Corporation in a report on Tuesday, June 6th. Zacks Investment Research raised shares of Denny’s Corporation from a “sell” rating to a “hold” rating in a report on Thursday, February 23rd. Nomura reissued a “hold” rating and set a $12.00 price target on shares of Denny’s Corporation in a report on Wednesday, May 3rd. Finally, Instinet reissued a “neutral” rating and set a $12.00 price target (up from $11.00) on shares of Denny’s Corporation in a report on Wednesday, May 3rd.
A number of institutional investors have recently bought and sold shares of DENN. SG Americas Securities LLC bought a new position in Denny’s Corporation during the first quarter valued at about $119,000. Stevens Capital Management LP bought a new position in Denny’s Corporation during the first quarter valued at about $127,000. Koch Industries Inc. bought a new position in Denny’s Corporation during the first quarter valued at about $138,000. GW&K Investment Management LLC increased its position in Denny’s Corporation by 15.0% in the first quarter. GW&K Investment Management LLC now owns 11,540 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 1,505 shares during the last quarter. Finally, HighTower Advisors LLC increased its position in Denny’s Corporation by 5.8% in the first quarter. HighTower Advisors LLC now owns 12,116 shares of the restaurant operator’s stock valued at $150,000 after buying an additional 666 shares during the last quarter. 93.77% of the stock is currently owned by institutional investors and hedge funds.
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Denny’s Corporation (DENN) opened at 11.93 on Wednesday. The stock has a market cap of $833.47 million, a PE ratio of 52.79 and a beta of 0.61. Denny’s Corporation has a 1-year low of $10.02 and a 1-year high of $14.25. The company’s 50 day moving average is $11.98 and its 200-day moving average is $12.35.
Denny’s Corporation Company Profile
Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.
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