Denny’s Co. (NASDAQ:DENN) Expected to Announce Quarterly Sales of $109.87 Million

Equities analysts forecast that Denny’s Co. (NASDAQ:DENN) will post $109.87 million in sales for the current fiscal quarter, according to Zacks Investment Research. Five analysts have provided estimates for Denny’s’ earnings, with estimates ranging from $108.56 million to $114.02 million. Denny’s reported sales of $80.11 million in the same quarter last year, which indicates a positive year-over-year growth rate of 37.1%. The firm is expected to issue its next quarterly earnings report on Tuesday, February 15th.

According to Zacks, analysts expect that Denny’s will report full year sales of $400.37 million for the current year, with estimates ranging from $399.00 million to $404.55 million. For the next fiscal year, analysts expect that the company will post sales of $448.52 million, with estimates ranging from $444.60 million to $451.00 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Denny’s.

Denny’s (NASDAQ:DENN) last posted its earnings results on Tuesday, November 2nd. The restaurant operator reported $0.16 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.16. Denny’s had a negative return on equity of 18.57% and a net margin of 9.98%. The company had revenue of $103.79 million for the quarter, compared to the consensus estimate of $110.77 million. During the same period in the previous year, the business earned $0.01 earnings per share.

DENN has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on Denny’s from $19.00 to $18.00 and set an “overweight” rating for the company in a report on Wednesday, November 3rd. Zacks Investment Research cut Denny’s from a “strong-buy” rating to a “hold” rating in a report on Monday, November 1st. Wedbush cut their price target on Denny’s from $21.00 to $20.00 and set an “outperform” rating for the company in a report on Thursday, October 28th. Truist Securities upgraded Denny’s from a “hold” rating to a “buy” rating and dropped their target price for the company from $19.13 to $18.00 in a research note on Thursday, October 21st. Finally, Truist upgraded Denny’s from a “hold” rating to a “buy” rating and upped their target price for the company from $17.00 to $18.00 in a research note on Thursday, October 21st. Four research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $18.22.

Shares of NASDAQ DENN traded up $0.22 during trading on Thursday, reaching $14.60. The company had a trading volume of 765,914 shares, compared to its average volume of 611,806. Denny’s has a twelve month low of $11.11 and a twelve month high of $20.02. The stock has a market capitalization of $925.44 million, a PE ratio of 25.61, a price-to-earnings-growth ratio of 3.14 and a beta of 1.69. The stock has a 50-day moving average price of $15.66 and a two-hundred day moving average price of $16.04.

In other Denny’s news, President F Mark Wolfinger sold 9,877 shares of the business’s stock in a transaction dated Monday, August 30th. The stock was sold at an average price of $16.39, for a total transaction of $161,884.03. Following the completion of the sale, the president now owns 796,771 shares of the company’s stock, valued at $13,059,076.69. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Donald C. Robinson sold 15,938 shares of the business’s stock in a transaction dated Monday, November 8th. The shares were sold at an average price of $16.01, for a total value of $255,167.38. The disclosure for this sale can be found here. 5.30% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Denny’s by 7.8% in the third quarter. Bank of New York Mellon Corp now owns 246,609 shares of the restaurant operator’s stock worth $4,030,000 after buying an additional 17,740 shares during the period. BNP Paribas Arbitrage SA boosted its holdings in Denny’s by 466.7% in the third quarter. BNP Paribas Arbitrage SA now owns 13,543 shares of the restaurant operator’s stock valued at $221,000 after purchasing an additional 11,153 shares during the last quarter. Jane Street Group LLC boosted its holdings in Denny’s by 5.6% in the third quarter. Jane Street Group LLC now owns 47,233 shares of the restaurant operator’s stock valued at $771,000 after purchasing an additional 2,503 shares during the last quarter. Squarepoint Ops LLC purchased a new position in Denny’s in the third quarter valued at about $379,000. Finally, Two Sigma Advisers LP boosted its holdings in Denny’s by 163.1% in the third quarter. Two Sigma Advisers LP now owns 112,268 shares of the restaurant operator’s stock valued at $1,834,000 after purchasing an additional 69,600 shares during the last quarter. 85.41% of the stock is owned by institutional investors.

Denny’s Company Profile

Denny’s Corp. engages in the operation of restaurants and franchised, and licensed restaurants. It offers offers a wide selection of lunch and dinner items including burgers, sandwiches, salads and skillet entrées, along with an assortment of beverages, appetizers, and desserts. The company was founded by Harold Butler and Richard Jezak in 1953 and is headquartered in Spartanburg, SC.

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Earnings History and Estimates for Denny's (NASDAQ:DENN)

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