Denny's (NASDAQ:DENN) Announces Earnings Results

Denny's (NASDAQ:DENN - Get Free Report) issued its quarterly earnings results on Monday. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.08, Zacks reports. The company had revenue of $111.64 million for the quarter, compared to the consensus estimate of $110.11 million. Denny's had a negative return on equity of 50.01% and a net margin of 4.77%. The firm's revenue was up 1.5% compared to the same quarter last year. During the same period last year, the business posted $0.11 earnings per share.

Denny's Stock Up 2.5 %

DENN traded up $0.11 during midday trading on Friday, hitting $4.47. 1,280,475 shares of the company were exchanged, compared to its average volume of 918,360. The firm has a market capitalization of $229.09 million, a P/E ratio of 10.90 and a beta of 1.63. Denny's has a 1-year low of $2.85 and a 1-year high of $8.30. The firm's 50 day moving average price is $3.68 and its 200-day moving average price is $5.27.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. StockNews.com downgraded shares of Denny's from a "buy" rating to a "hold" rating in a report on Monday, January 13th. Wedbush lowered their price objective on shares of Denny's from $10.00 to $8.50 and set an "outperform" rating for the company in a research report on Thursday, February 13th. Piper Sandler dropped their target price on Denny's from $7.00 to $6.00 and set a "neutral" rating for the company in a research report on Tuesday, February 18th. Citigroup lowered their price target on shares of Denny's from $7.00 to $6.25 and set a "buy" rating for the company in a research report on Thursday, April 24th. Finally, Oppenheimer cut their target price on Denny's from $7.00 to $6.00 and set an "outperform" rating on the stock in a research note on Tuesday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $7.46.

Insider Transactions at Denny's

In other Denny's news, CEO Kelli Valade bought 9,700 shares of the firm's stock in a transaction that occurred on Thursday, February 20th. The shares were bought at an average price of $5.13 per share, for a total transaction of $49,761.00. Following the transaction, the chief executive officer now directly owns 192,806 shares in the company, valued at $989,094.78. This trade represents a 5.30 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Stephen C. Dunn purchased 9,815 shares of Denny's stock in a transaction that occurred on Wednesday, February 26th. The shares were bought at an average price of $5.08 per share, for a total transaction of $49,860.20. Following the transaction, the executive vice president now directly owns 113,666 shares of the company's stock, valued at $577,423.28. This trade represents a 9.45 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 20,465 shares of company stock valued at $104,457 in the last quarter. 4.20% of the stock is currently owned by company insiders.

Denny's Company Profile

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.