Denny’s Corp (NASDAQ:DENN) – Analysts at SunTrust Banks issued their Q1 2020 earnings per share (EPS) estimates for Denny’s in a research report issued on Tuesday, February 11th. SunTrust Banks analyst J. Bartlett forecasts that the restaurant operator will earn $0.18 per share for the quarter. SunTrust Banks has a “Hold” rating and a $21.00 price target on the stock. SunTrust Banks also issued estimates for Denny’s’ Q2 2020 earnings at $0.22 EPS, Q3 2020 earnings at $0.23 EPS and Q4 2020 earnings at $0.24 EPS.
Denny’s (NASDAQ:DENN) last announced its quarterly earnings results on Tuesday, February 11th. The restaurant operator reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. The business had revenue of $113.84 million for the quarter, compared to the consensus estimate of $109.17 million. Denny’s had a negative return on equity of 34.15% and a net margin of 18.80%.
Shares of Denny’s stock opened at $20.15 on Thursday. The business’s fifty day moving average price is $20.63 and its two-hundred day moving average price is $21.34. The company has a market capitalization of $1.19 billion, a P/E ratio of 11.38, a PEG ratio of 2.87 and a beta of 0.08. Denny’s has a 1-year low of $16.74 and a 1-year high of $23.88.
Several institutional investors and hedge funds have recently bought and sold shares of the company. FMR LLC raised its stake in shares of Denny’s by 102.6% in the 1st quarter. FMR LLC now owns 2,391,010 shares of the restaurant operator’s stock worth $43,874,000 after buying an additional 1,211,020 shares in the last quarter. Goldman Sachs Group Inc. raised its stake in shares of Denny’s by 41.4% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,887,605 shares of the restaurant operator’s stock worth $37,526,000 after buying an additional 553,094 shares in the last quarter. State Street Corp raised its stake in shares of Denny’s by 3.5% in the 4th quarter. State Street Corp now owns 1,291,727 shares of the restaurant operator’s stock worth $25,680,000 after buying an additional 44,271 shares in the last quarter. Millennium Management LLC raised its stake in shares of Denny’s by 206.8% in the 3rd quarter. Millennium Management LLC now owns 1,076,609 shares of the restaurant operator’s stock worth $24,509,000 after buying an additional 725,669 shares in the last quarter. Finally, Chartwell Investment Partners LLC raised its stake in shares of Denny’s by 0.7% in the 4th quarter. Chartwell Investment Partners LLC now owns 1,033,954 shares of the restaurant operator’s stock worth $20,555,000 after buying an additional 7,050 shares in the last quarter. 90.35% of the stock is currently owned by institutional investors.
In other news, VP Stephen C. Dunn sold 58,332 shares of the business’s stock in a transaction on Wednesday, November 27th. The stock was sold at an average price of $19.51, for a total value of $1,138,057.32. Following the sale, the vice president now owns 36,017 shares of the company’s stock, valued at approximately $702,691.67. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 6.10% of the stock is currently owned by insiders.
Denny's Corporation, through its subsidiary, Denny's, Inc, owns and operates full-service restaurant chains under the Denny's brand. As of December 26, 2018, it operated 1,709 franchised, licensed, and company restaurants, including 1,578 restaurants in the United States; and 131 in Canada, Puerto Rico, Mexico, New Zealand, the Philippines, Honduras, Costa Rica, the United Arab Emirates, Guam, the United Kingdom, El Salvador, and Guatemala.
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