Denny’s (NASDAQ:DENN) Releases Earnings Results, Beats Expectations By $0.06 EPS

Denny’s (NASDAQ:DENN) announced its quarterly earnings data on Tuesday. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.06, Bloomberg Earnings reports. Denny’s had a net margin of 18.80% and a negative return on equity of 34.15%. The firm had revenue of $113.84 million during the quarter, compared to analyst estimates of $109.17 million. Denny’s updated its FY 2020
After-Hours guidance to EPS.

Shares of NASDAQ DENN traded down $0.07 during midday trading on Friday, hitting $19.93. The company’s stock had a trading volume of 161,040 shares, compared to its average volume of 418,480. The business’s fifty day simple moving average is $20.63 and its two-hundred day simple moving average is $21.34. Denny’s has a 1 year low of $16.74 and a 1 year high of $23.88. The firm has a market capitalization of $1.20 billion, a price-to-earnings ratio of 11.26, a price-to-earnings-growth ratio of 2.87 and a beta of 0.08.

A number of brokerages recently issued reports on DENN. TheStreet lowered shares of Denny’s from a “b-” rating to a “c+” rating in a report on Wednesday, October 30th. Oppenheimer reissued a “buy” rating and issued a $27.00 price objective on shares of Denny’s in a report on Tuesday. ValuEngine lowered shares of Denny’s from a “hold” rating to a “sell” rating in a report on Thursday. BidaskClub lowered shares of Denny’s from a “hold” rating to a “sell” rating in a report on Friday, January 31st. Finally, SunTrust Banks began coverage on shares of Denny’s in a report on Tuesday, December 10th. They issued a “hold” rating and a $21.00 price objective for the company. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $24.67.

In other news, VP Stephen C. Dunn sold 58,332 shares of the firm’s stock in a transaction that occurred on Wednesday, November 27th. The shares were sold at an average price of $19.51, for a total value of $1,138,057.32. Following the completion of the transaction, the vice president now owns 36,017 shares of the company’s stock, valued at $702,691.67. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 6.10% of the company’s stock.

Denny’s Company Profile

Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.

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Earnings History for Denny`s (NASDAQ:DENN)

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