Denny’s (NASDAQ:DENN) issued its quarterly earnings results on Tuesday. The restaurant operator reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $113.84 million for the quarter, compared to analysts’ expectations of $109.17 million. Denny’s updated its FY 2020
After-Hours guidance to EPS.
NASDAQ:DENN opened at $20.31 on Thursday. The firm has a market cap of $1.24 billion, a PE ratio of 11.47, a price-to-earnings-growth ratio of 2.87 and a beta of 0.08. Denny’s has a fifty-two week low of $16.74 and a fifty-two week high of $23.88. The business has a 50 day moving average price of $20.64 and a 200-day moving average price of $21.35.
A number of brokerages have commented on DENN. Maxim Group upgraded shares of Denny’s from a “hold” rating to a “buy” rating and increased their price target for the company from $23.00 to $26.00 in a research report on Wednesday, December 4th. BidaskClub cut shares of Denny’s from a “hold” rating to a “sell” rating in a research report on Friday, January 31st. TheStreet cut shares of Denny’s from a “b-” rating to a “c+” rating in a research report on Wednesday, October 30th. SunTrust Banks began coverage on shares of Denny’s in a research report on Tuesday, December 10th. They set a “hold” rating and a $21.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Denny’s from a “hold” rating to a “strong-buy” rating and set a $24.00 price target on the stock in a research report on Friday, January 10th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $24.67.
In other news, VP Stephen C. Dunn sold 58,332 shares of the stock in a transaction that occurred on Wednesday, November 27th. The stock was sold at an average price of $19.51, for a total transaction of $1,138,057.32. Following the completion of the sale, 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 accessible through the SEC website. Corporate 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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