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

Denny’s Corporation (NASDAQ:DENN) released 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. The firm had revenue of $133.40 million for the quarter, compared to analysts’ expectations of $131.62 million. Denny’s Corporation had a negative return on equity of 60.77% and a net margin of 7.34%. Denny’s Corporation’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period last year, the firm posted $0.13 earnings per share.

Shares of Denny’s Corporation (NASDAQ DENN) traded down 0.57% during midday trading on Friday, reaching $12.12. 240,406 shares of the company were exchanged. The company has a market capitalization of $814.16 million, a PE ratio of 23.76 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. The stock’s 50-day moving average price is $11.80 and its 200-day moving average price is $12.07.

Several hedge funds and other institutional investors have recently bought and sold shares of DENN. Wells Fargo & Company MN increased its position in Denny’s Corporation by 3.8% in the first quarter. Wells Fargo & Company MN now owns 5,397,076 shares of the restaurant operator’s stock worth $66,762,000 after buying an additional 199,568 shares during the last quarter. Renaissance Technologies LLC increased its position in 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 worth $46,455,000 after buying an additional 352,600 shares during the last quarter. Dimensional Fund Advisors LP increased its position in 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 last quarter. State Street Corp increased its position in Denny’s Corporation by 5.9% in the fourth quarter. State Street Corp now owns 1,534,919 shares of the restaurant operator’s stock worth $19,690,000 after buying an additional 85,245 shares during the last quarter. Finally, Teachers Advisors LLC increased its position in Denny’s Corporation by 1.9% in the first quarter. Teachers Advisors LLC now owns 813,048 shares of the restaurant operator’s stock worth $10,057,000 after buying an additional 14,986 shares during the last quarter. Institutional investors own 92.55% of the company’s stock.

Several research firms have recently issued reports on DENN. Wedbush reaffirmed an “outperform” rating on shares of Denny’s Corporation in a research report on Tuesday, August 8th. Zacks Investment Research cut shares of Denny’s Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, August 3rd. BidaskClub cut shares of 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 objective (up 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 objective on shares of Denny’s Corporation in a research report on Wednesday, May 3rd. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $12.67.

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About Denny’s Corporation

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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