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

Denny’s (NASDAQ:DENN) released its earnings results on Tuesday. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Briefing.com reports. Denny’s had a net margin of 3.90% and a negative return on equity of 48.06%. The firm had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same period in the prior year, the company posted $0.17 EPS. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year.

Denny’s Price Performance

Shares of NASDAQ:DENN opened at $5.50 on Thursday. The business has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $6.95. The company has a market capitalization of $282.54 million, a PE ratio of 16.67, a price-to-earnings-growth ratio of 1.11 and a beta of 2.02. Denny’s has a 1 year low of $5.37 and a 1 year high of $11.16.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on DENN shares. Citigroup dropped their price objective on Denny’s from $8.00 to $7.00 and set a “neutral” rating on the stock in a research note on Tuesday, October 15th. Benchmark reaffirmed a “buy” rating and issued a $15.00 price target on shares of Denny’s in a research note on Wednesday, July 31st. Oppenheimer cut their target price on Denny’s from $10.00 to $7.00 and set an “outperform” rating on the stock in a report on Wednesday. StockNews.com raised shares of Denny’s from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, Wedbush decreased their target price on shares of Denny’s from $7.00 to $6.00 and set a “neutral” rating for the company in a research report on Wednesday. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Denny’s currently has an average rating of “Moderate Buy” and a consensus target price of $9.00.

About Denny’s

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.