Denny’s (DENN) to Release Quarterly Earnings on Tuesday

Denny’s (NASDAQ:DENNGet Free Report) is set to announce its earnings results after the market closes on Tuesday, February 13th. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Investors interested in listening to the company’s conference call can do so using this link.

Denny’s Price Performance

DENN opened at $10.37 on Friday. The stock has a market cap of $550.44 million, a P/E ratio of 19.94, a P/E/G ratio of 1.63 and a beta of 1.99. The stock’s 50 day simple moving average is $10.58 and its 200 day simple moving average is $9.75. Denny’s has a 1-year low of $8.11 and a 1-year high of $13.00.

Insiders Place Their Bets

In other Denny’s news, Director John C. Miller sold 114,900 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $9.23, for a total transaction of $1,060,527.00. Following the transaction, the director now owns 763,226 shares of the company’s stock, valued at approximately $7,044,575.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 5.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. PDT Partners LLC acquired a new position in Denny’s in the second quarter valued at $136,000. LPL Financial LLC boosted its holdings in Denny’s by 11.4% in the fourth quarter. LPL Financial LLC now owns 14,677 shares of the restaurant operator’s stock valued at $135,000 after acquiring an additional 1,500 shares during the last quarter. Trexquant Investment LP acquired a new position in Denny’s in the third quarter valued at $122,000. Diversified Trust Co acquired a new position in Denny’s in the third quarter valued at $113,000. Finally, Virtu Financial LLC acquired a new position in Denny’s in the fourth quarter valued at $96,000. Institutional investors and hedge funds own 84.50% of the company’s stock.

Analyst Upgrades and Downgrades

DENN has been the topic of a number of recent research reports. Oppenheimer upped their target price on Denny’s from $12.00 to $13.00 and gave the company an “outperform” rating in a research note on Friday, January 5th. Citigroup reduced their target price on Denny’s from $13.00 to $9.00 and set a “neutral” rating on the stock in a research note on Monday, October 16th. Wedbush reaffirmed a “neutral” rating and issued a $10.00 target price on shares of Denny’s in a research note on Tuesday, October 31st. Finally, Truist Financial reduced their target price on Denny’s from $13.00 to $12.00 and set a “buy” rating on the stock in a research note on Tuesday, October 31st. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $12.43.

Get Our Latest Analysis on DENN

About Denny’s

(Get Free Report)

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brand in the United States and internationally. The company operates in two segments: Denny's and Other. 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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Earnings History for Denny's (NASDAQ:DENN)

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