Denny’s (DENN) to Release Earnings on Tuesday

Denny’s (NASDAQ:DENN) is scheduled to issue 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. Persons that wish to register for the company’s earnings conference call can do so using this link.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analysts’ expectations of $115.67 million. During the same quarter in the prior year, the business earned $0.18 EPS. The company’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 Trading Up 0.4 %

Denny’s stock opened at $8.20 on Tuesday. The stock has a market cap of $435.42 million, a P/E ratio of 23.43, a price-to-earnings-growth ratio of 1.41 and a beta of 1.93. Denny’s has a 52 week low of $8.00 and a 52 week high of $12.53. The stock has a 50 day moving average of $8.91 and a 200-day moving average of $9.53.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Truist Financial lowered their price target on shares of Denny’s from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Wednesday, February 14th. Oppenheimer decreased their price target on Denny’s from $13.00 to $12.00 and set an “outperform” rating for the company in a research report on Wednesday, February 14th. Wedbush cut their target price on shares of 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, StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a research report on Friday. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $11.92.

Insider Buying and Selling

In related news, Director John C. Miller sold 35,359 shares of Denny’s stock in a transaction on Monday, February 26th. The shares were sold at an average price of $9.25, for a total value of $327,070.75. Following the transaction, the director now owns 740,626 shares in the company, valued at approximately $6,850,790.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 4.20% of the company’s stock.

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.