Denny’s Co. Forecasted to Post FY2021 Earnings of $0.52 Per Share (NASDAQ:DENN)

Denny’s Co. (NASDAQ:DENN) – Equities research analysts at Wedbush lifted their FY2021 earnings per share estimates for shares of Denny’s in a report issued on Wednesday, January 12th. Wedbush analyst N. Setyan now forecasts that the restaurant operator will post earnings of $0.52 per share for the year, up from their previous estimate of $0.50. Wedbush currently has a “Outperform” rating and a $20.00 price target on the stock. Wedbush also issued estimates for Denny’s’ FY2022 earnings at $0.73 EPS.

Other equities analysts have also issued research reports about the stock. Benchmark began coverage on shares of Denny’s in a research report on Thursday, December 2nd. They set a “buy” rating and a $19.00 price objective on the stock. Zacks Investment Research raised shares of Denny’s from a “sell” rating to a “hold” rating in a research report on Thursday. Deutsche Bank Aktiengesellschaft initiated coverage on shares of Denny’s in a research report on Thursday, October 7th. They issued a “hold” rating and a $17.00 price target on the stock. Wells Fargo & Company dropped their price target on shares of Denny’s from $19.00 to $18.00 and set an “overweight” rating on the stock in a research report on Wednesday, November 3rd. Finally, Truist upgraded shares of Denny’s from a “hold” rating to a “buy” rating and raised their price objective for the stock from $17.00 to $18.00 in a research note on Thursday, October 21st. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Denny’s has an average rating of “Buy” and an average price target of $18.30.

DENN stock opened at $15.85 on Thursday. The stock has a market cap of $1.00 billion, a P/E ratio of 27.81, a P/E/G ratio of 2.37 and a beta of 1.71. The firm has a 50 day simple moving average of $15.24 and a 200 day simple moving average of $15.57. Denny’s has a 52 week low of $13.33 and a 52 week high of $20.02.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings data on Tuesday, November 2nd. The restaurant operator reported $0.16 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.16. Denny’s had a net margin of 9.98% and a negative return on equity of 18.57%. The company had revenue of $103.79 million during the quarter, compared to analyst estimates of $110.77 million. During the same quarter last year, the firm posted $0.01 EPS.

In related news, Director Donald C. Robinson sold 15,938 shares of the stock in a transaction that occurred on Monday, November 8th. The stock was sold at an average price of $16.01, for a total transaction of $255,167.38. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 5.30% of the company’s stock.

Large investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas acquired a new stake in Denny’s during the 3rd quarter valued at $168,000. Marshall Wace LLP acquired a new stake in shares of Denny’s during the third quarter worth $176,000. Amalgamated Bank acquired a new stake in shares of Denny’s during the second quarter worth $183,000. Principal Financial Group Inc. acquired a new stake in shares of Denny’s during the third quarter worth $184,000. Finally, BNP Paribas Arbitrage SA raised its stake 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 in the last quarter. 88.68% of the stock is owned by institutional investors and hedge funds.

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 entrĂ©es, 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.

Read More: Derivative

Receive News & Ratings for Denny's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Denny's and related companies with MarketBeat.com's FREE daily email newsletter.