Denny’s (NASDAQ:DENN) Releases Quarterly Earnings Results, Misses Estimates By $0.01 EPS

Denny’s (NASDAQ:DENN) issued its quarterly earnings data 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 18.5 %

Shares of DENN traded down $1.24 during trading hours on Wednesday, reaching $5.48. 1,589,648 shares of the company traded hands, compared to its average volume of 922,097. The firm has a market cap of $281.29 million, a price-to-earnings ratio of 16.56, a PEG ratio of 1.27 and a beta of 2.02. Denny’s has a 12-month low of $5.22 and a 12-month high of $10.13. The stock’s fifty day moving average price is $6.18 and its 200 day moving average price is $6.32.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Benchmark reduced their price target on shares of Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 25th. Oppenheimer boosted their price objective on shares of Denny’s from $7.00 to $8.00 and gave the company an “outperform” rating in a research report on Tuesday, January 7th. Wedbush upgraded Denny’s from a “neutral” rating to an “outperform” rating and lifted their target price for the company from $6.00 to $10.00 in a research report on Friday, February 7th. Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and upped their price target for the stock from $7.00 to $7.50 in a research report on Friday, October 25th. Finally, Truist Financial lowered their price objective on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Denny’s presently has a consensus rating of “Moderate Buy” and an average target price of $8.70.

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.