Brokers Set Expectations for Denny's Co.’s Q1 2018 Earnings (DENN)

Denny's Co. (NASDAQ:DENN) – Analysts at Wedbush decreased their Q1 2018 earnings per share (EPS) estimates for Denny's in a report issued on Wednesday. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings of $0.10 per share for the quarter, down from their previous estimate of $0.12. Wedbush has a “Buy” rating and a $16.00 price target on the stock. Wedbush also issued estimates for Denny's’ Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.52 EPS, Q1 2019 earnings at $0.11 EPS, Q2 2019 earnings at $0.13 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.16 EPS and FY2019 earnings at $0.56 EPS.

Denny's (NASDAQ:DENN) last announced its quarterly earnings data on Tuesday, February 13th. The restaurant operator reported $0.18 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.04. Denny's had a net margin of 7.48% and a negative return on equity of 50.22%. The company had revenue of $135.50 million during the quarter, compared to analyst estimates of $134.84 million.

A number of other brokerages have also weighed in on DENN. Zacks Investment Research upgraded shares of Denny's from a “sell” rating to a “hold” rating in a report on Tuesday, January 30th. BidaskClub upgraded shares of Denny's from a “sell” rating to a “hold” rating in a report on Saturday, January 13th. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Denny's presently has an average rating of “Hold” and a consensus target price of $13.33.

Shares of Denny's (DENN) opened at $15.09 on Thursday. Denny's has a twelve month low of $10.87 and a twelve month high of $15.70. The firm has a market cap of $945.95, a PE ratio of 24.98 and a beta of 0.67. The company has a current ratio of 0.40, a quick ratio of 0.36 and a debt-to-equity ratio of -2.95.

Several large investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Denny's by 1.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,546,247 shares of the restaurant operator’s stock worth $31,701,000 after buying an additional 39,719 shares during the last quarter. Lord Abbett & CO. LLC grew its position in Denny's by 8.0% during the 2nd quarter. Lord Abbett & CO. LLC now owns 1,537,141 shares of the restaurant operator’s stock worth $18,092,000 after purchasing an additional 114,365 shares during the last quarter. State Street Corp grew its position in Denny's by 2.6% during the 2nd quarter. State Street Corp now owns 1,513,970 shares of the restaurant operator’s stock worth $17,819,000 after purchasing an additional 38,567 shares during the last quarter. Deutsche Bank AG grew its position in Denny's by 9.6% during the 4th quarter. Deutsche Bank AG now owns 1,120,477 shares of the restaurant operator’s stock worth $14,832,000 after purchasing an additional 98,353 shares during the last quarter. Finally, Cardinal Capital Management LLC CT grew its position in Denny's by 2,382.1% during the 4th quarter. Cardinal Capital Management LLC CT now owns 1,035,473 shares of the restaurant operator’s stock worth $13,709,000 after purchasing an additional 993,755 shares during the last quarter. Institutional investors and hedge funds own 91.09% of the company’s stock.

In other news, VP Pelt Jill A. Van sold 21,200 shares of the business’s stock in a transaction dated Tuesday, November 28th. The shares were sold at an average price of $13.05, for a total value of $276,660.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP F Mark Wolfinger sold 10,000 shares of the business’s stock in a transaction dated Friday, November 17th. The shares were sold at an average price of $12.57, for a total transaction of $125,700.00. Following the completion of the sale, the executive vice president now owns 677,697 shares of the company’s stock, valued at approximately $8,518,651.29. The disclosure for this sale can be found here. In the last 90 days, insiders sold 81,620 shares of company stock valued at $1,076,107. Company insiders own 5.20% of the company’s stock.

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About Denny's

Denny’s Corporation (Denny’s) operates a franchised full-service restaurant chain. The Company, through its subsidiary, Denny’s, Inc, owns and operates the Denny’s brand. As of December 28, 2016, the Denny’s brand consisted of 1,733 franchised, licensed and Company-operated restaurants around the world, including 1,610 restaurants in the United States and 123 international locations.

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

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