Denny’s Corporation (DENN) Posts Earnings Results, Misses Expectations By $0.01 EPS

Denny’s Corporation (NASDAQ:DENN) issued its quarterly earnings data on Tuesday, August 1st. The restaurant operator reported $0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.15 by $0.01, Bloomberg Earnings reports. Denny’s Corporation had a net margin of 7.34% and a negative return on equity of 60.77%. The business had revenue of $133.40 million during the quarter, compared to analyst estimates of $131.62 million. During the same quarter in the prior year, the firm posted $0.13 earnings per share. Denny’s Corporation’s revenue for the quarter was up 7.3% compared to the same quarter last year.

Shares of Denny’s Corporation (NASDAQ:DENN) traded up 0.58% during midday trading on Friday, hitting $12.10. The stock had a trading volume of 242,891 shares. The company’s 50 day moving average is $11.71 and its 200 day moving average is $12.07. The firm has a market cap of $812.82 million, a P/E ratio of 23.73 and a beta of 0.61. Denny’s Corporation has a 52 week low of $10.02 and a 52 week high of $14.25.

Several brokerages recently issued reports on DENN. Wedbush reiterated an “outperform” rating on shares of Denny’s Corporation in a research report on Tuesday. Zacks Investment Research lowered Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub downgraded Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Instinet reaffirmed a “neutral” rating and set a $12.00 price target (up previously from $11.00) on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. Finally, Nomura reaffirmed a “hold” rating and set a $12.00 price target on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $12.67.

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Several hedge funds and other institutional investors have recently made changes to their positions in DENN. Dimensional Fund Advisors LP raised its stake in shares of Denny’s Corporation by 3.6% in the second quarter. Dimensional Fund Advisors LP now owns 2,506,528 shares of the restaurant operator’s stock worth $29,502,000 after buying an additional 86,049 shares during the period. Citadel Advisors LLC raised its stake in shares of Denny’s Corporation by 648.6% in the second quarter. Citadel Advisors LLC now owns 97,934 shares of the restaurant operator’s stock valued at $1,153,000 after buying an additional 84,852 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of Denny’s Corporation by 9.8% in the second quarter. Renaissance Technologies LLC now owns 3,946,911 shares of the restaurant operator’s stock valued at $46,455,000 after buying an additional 352,600 shares during the last quarter. California Public Employees Retirement System raised its stake in Denny’s Corporation by 2.0% in the second quarter. California Public Employees Retirement System now owns 320,800 shares of the restaurant operator’s stock worth $3,776,000 after buying an additional 6,300 shares during the last quarter. Finally, Menta Capital LLC bought a new stake in Denny’s Corporation during the second quarter worth about $172,000. 92.62% of the stock is currently owned by institutional investors.

Denny’s Corporation Company Profile

Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.

Earnings History for Denny`s Corporation (NASDAQ:DENN)

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