Denny’s (NASDAQ:DENN – Get Free Report) posted its earnings results on Wednesday. The restaurant operator reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01), Zacks reports. Denny’s had a negative return on equity of 48.64% and a net margin of 3.90%.
Denny’s Price Performance
DENN opened at $5.37 on Friday. The stock’s 50 day simple moving average is $6.14 and its 200 day simple moving average is $6.31. Denny’s has a 1 year low of $4.91 and a 1 year high of $9.56. The firm has a market cap of $275.64 million, a price-to-earnings ratio of 16.27, a PEG ratio of 1.27 and a beta of 2.02.
Analyst Ratings Changes
A number of research firms have issued reports on DENN. Oppenheimer decreased their target price on Denny’s from $8.00 to $7.00 and set an “outperform” rating on the stock in a research report on Thursday. StockNews.com cut Denny’s from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Truist Financial reduced their target price on Denny’s from $10.00 to $8.00 and set a “buy” rating on the stock in a report on Monday, October 28th. Benchmark reduced their target price on Denny’s from $15.00 to $10.00 and set a “buy” rating on the stock in a report on Friday, October 25th. Finally, Wedbush decreased their price target on Denny’s from $10.00 to $8.50 and set an “outperform” rating for the company in a report on Thursday. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $8.10.
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.
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