Denny’s (NASDAQ:DENN – Get Free Report) announced its quarterly earnings results on Tuesday. The restaurant operator reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.04), Briefing.com reports. The company had revenue of $115.90 million during the quarter, compared to the consensus estimate of $118.98 million. Denny’s had a net margin of 4.19% and a negative return on equity of 57.88%. The business’s revenue was down .9% compared to the same quarter last year. During the same period last year, the company earned $0.14 earnings per share.
Denny’s Stock Down 3.8 %
NASDAQ:DENN opened at $7.36 on Thursday. The firm has a market capitalization of $382.87 million, a price-to-earnings ratio of 17.12, a price-to-earnings-growth ratio of 1.40 and a beta of 2.01. Denny’s has a twelve month low of $6.33 and a twelve month high of $11.91. The stock’s 50 day moving average price is $7.00 and its two-hundred day moving average price is $8.35.
Insider Activity
In other news, CAO Jay C. Gilmore purchased 12,000 shares of the company’s stock in a transaction on Friday, June 14th. The shares were purchased at an average cost of $6.51 per share, with a total value of $78,120.00. Following the completion of the transaction, the chief accounting officer now owns 121,227 shares of the company’s stock, valued at approximately $789,187.77. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, Director Brenda J. Lauderback sold 11,145 shares of the stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $7.36, for a total value of $82,027.20. Following the sale, the director now owns 15,406 shares in the company, valued at approximately $113,388.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jay C. Gilmore acquired 12,000 shares of the company’s stock in a transaction dated Friday, June 14th. The stock was bought at an average cost of $6.51 per share, for a total transaction of $78,120.00. Following the completion of the transaction, the chief accounting officer now directly owns 121,227 shares of the company’s stock, valued at $789,187.77. The disclosure for this purchase can be found here. 4.20% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
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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.
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