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

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

Denny’s Trading Down 18.5 %

Shares of DENN stock traded down $1.24 on Wednesday, hitting $5.48. 1,589,648 shares of the stock were exchanged, compared to its average volume of 922,097. Denny’s has a one year low of $5.22 and a one year high of $10.13. The firm’s 50 day moving average is $6.18 and its two-hundred day moving average is $6.32. The firm has a market capitalization of $281.29 million, a PE ratio of 16.56, a P/E/G ratio of 1.27 and a beta of 2.02.

Analyst Ratings Changes

Several analysts have recently commented on the company. StockNews.com downgraded Denny’s from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Wedbush upgraded shares of Denny’s from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $6.00 to $10.00 in a report on Friday, February 7th. Oppenheimer boosted their price objective on Denny’s from $7.00 to $8.00 and gave the stock an “outperform” rating in a report on Tuesday, January 7th. Citigroup upgraded Denny’s from a “neutral” rating to a “buy” rating and raised their target price for the company from $7.00 to $7.50 in a report on Friday, October 25th. Finally, Benchmark lowered their price target on Denny’s from $15.00 to $10.00 and set a “buy” rating for the company in a research report on Friday, October 25th. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average 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.