Denny’s (NASDAQ:DENN) Releases Quarterly Earnings Results

Denny’s (NASDAQ:DENN) released its quarterly earnings results on Wednesday. The restaurant operator reported $0.14 EPS for the quarter, missing the consensus estimate of $0.15 by ($0.01), Zacks reports. Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%.

Denny’s Trading Down 23.8 %

DENN stock opened at $5.12 on Thursday. The company has a market cap of $262.81 million, a price-to-earnings ratio of 15.52, a PEG ratio of 1.27 and a beta of 2.02. The firm has a 50 day moving average of $6.15 and a 200-day moving average of $6.31. Denny’s has a 12-month low of $5.11 and a 12-month high of $10.13.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. Citigroup upgraded shares of Denny’s from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Benchmark cut their price target on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a report on Friday, October 25th. StockNews.com lowered Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Oppenheimer increased their target price on Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a research note on Tuesday, January 7th. Finally, Truist Financial decreased their price target on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research note on Monday, October 28th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $8.70.

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.