Denny's (NASDAQ:DENN) Releases Earnings Results, Hits Estimates

Denny's (NASDAQ:DENN - Get Free Report) announced its quarterly earnings data on Monday. The restaurant operator reported $0.08 earnings per share for the quarter, hitting the consensus estimate of $0.08, Zacks reports. Denny's had a net margin of 4.77% and a negative return on equity of 50.01%.

Denny's Stock Performance

Shares of NASDAQ DENN remained flat at $3.79 during mid-day trading on Monday. The stock had a trading volume of 915,665 shares, compared to its average volume of 900,901. Denny's has a fifty-two week low of $2.85 and a fifty-two week high of $8.30. The company's fifty day moving average is $3.74 and its two-hundred day moving average is $5.33. The stock has a market cap of $195.09 million, a PE ratio of 9.24 and a beta of 1.63.

Insider Activity at Denny's

In other news, CEO Kelli Valade acquired 9,700 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average cost of $5.13 per share, for a total transaction of $49,761.00. Following the completion of the transaction, the chief executive officer now owns 192,806 shares in the company, valued at approximately $989,094.78. This trade represents a 5.30 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, EVP Stephen C. Dunn purchased 9,815 shares of the firm's stock in a transaction on Wednesday, February 26th. The shares were acquired at an average price of $5.08 per share, for a total transaction of $49,860.20. Following the purchase, the executive vice president now directly owns 113,666 shares of the company's stock, valued at approximately $577,423.28. This represents a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 20,465 shares of company stock worth $104,457. 4.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. StockNews.com lowered Denny's from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Oppenheimer lowered their price target on Denny's from $8.00 to $7.00 and set an "outperform" rating for the company in a report on Thursday, February 13th. Citigroup reduced their price objective on Denny's from $7.00 to $6.25 and set a "buy" rating on the stock in a research note on Thursday, April 24th. Piper Sandler lowered their target price on Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research note on Tuesday, February 18th. Finally, Wedbush decreased their price target on Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a report on Thursday, February 13th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $7.63.

About Denny's

Denny's Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It operates through the Denny's and Other segments. The Denny's segment includes the results of all company and franchised and licensed Denny's restaurants. The Other segment refers to the results of all company and franchise restaurants.

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