Denny’s (NASDAQ:DENN) Issues Quarterly Earnings Results

Denny’s (NASDAQ:DENN) issued its quarterly earnings results on Monday. The restaurant operator reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.03), Zacks reports. Denny’s had a negative return on equity of 59.51% and a net margin of 3.53%.

Denny’s Trading Up 5.1%

Shares of NASDAQ DENN opened at $4.11 on Tuesday. Denny’s has a 12 month low of $2.85 and a 12 month high of $7.73. The firm has a market capitalization of $211.66 million, a PE ratio of 13.26 and a beta of 1.63. The firm has a fifty day simple moving average of $4.91 and a two-hundred day simple moving average of $4.33.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on DENN. Piper Sandler set a $4.00 target price on Denny’s and gave the stock a “neutral” rating in a research report on Tuesday, August 5th. Benchmark lowered their price objective on shares of Denny’s from $8.00 to $6.00 and set a “buy” rating for the company in a report on Thursday, August 7th. Mizuho upgraded shares of Denny’s to a “hold” rating in a report on Tuesday, October 28th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of Denny’s in a research note on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, Denny’s has a consensus rating of “Hold” and an average price target of $5.96.

Insiders Place Their Bets

In other news, insider Jumana Capital Investments Llc acquired 9,347 shares of the business’s stock in a transaction on Tuesday, October 21st. The shares were acquired at an average cost of $5.14 per share, with a total value of $48,043.58. Following the transaction, the insider owned 3,804,870 shares in the company, valued at $19,557,031.80. The trade was a 0.25% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last quarter, insiders purchased 183,307 shares of company stock worth $925,837. Insiders own 4.20% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Monimus Capital Management LP bought a new position in Denny’s in the second quarter worth $1,307,000. Ameriprise Financial Inc. grew its position in shares of Denny’s by 19.3% in the 2nd quarter. Ameriprise Financial Inc. now owns 400,860 shares of the restaurant operator’s stock worth $1,644,000 after buying an additional 64,792 shares during the period. Arrowstreet Capital Limited Partnership grew its position in shares of Denny’s by 9.1% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 1,184,952 shares of the restaurant operator’s stock worth $4,858,000 after buying an additional 98,654 shares during the period. Geode Capital Management LLC increased its stake in shares of Denny’s by 1.1% in the 2nd quarter. Geode Capital Management LLC now owns 1,241,142 shares of the restaurant operator’s stock worth $5,090,000 after acquiring an additional 13,816 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in Denny’s by 116.0% during the 1st quarter. AQR Capital Management LLC now owns 365,159 shares of the restaurant operator’s stock valued at $1,340,000 after acquiring an additional 196,118 shares during the period. Hedge funds and other institutional investors own 85.07% of the company’s stock.

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.