Analysts Offer Predictions for Denny’s FY2024 Earnings

Denny’s Co. (NASDAQ:DENN) – Wedbush decreased their FY2024 EPS estimates for shares of Denny’s in a research note issued to investors on Wednesday, October 23rd. Wedbush analyst N. Setyan now expects that the restaurant operator will post earnings per share of $0.51 for the year, down from their previous estimate of $0.54. Wedbush currently has a “Neutral” rating and a $6.00 price target on the stock. The consensus estimate for Denny’s’ current full-year earnings is $0.55 per share. Wedbush also issued estimates for Denny’s’ Q1 2025 earnings at $0.12 EPS, Q2 2025 earnings at $0.11 EPS, Q4 2025 earnings at $0.14 EPS and FY2025 earnings at $0.52 EPS.

Other equities research analysts have also issued reports about the stock. Citigroup raised shares of Denny’s from a “neutral” rating to a “buy” rating and lifted their price target for the company from $7.00 to $7.50 in a report on Friday. Oppenheimer lowered their price target on shares of Denny’s from $10.00 to $7.00 and set an “outperform” rating for the company in a report on Wednesday. Truist Financial dropped their price target on Denny’s from $11.00 to $10.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. StockNews.com upgraded Denny’s from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Benchmark reiterated a “buy” rating and issued a $15.00 target price on shares of Denny’s in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat, Denny’s has a consensus rating of “Moderate Buy” and an average target price of $9.10.

Denny’s Trading Up 13.8 %

Shares of NASDAQ DENN opened at $6.26 on Friday. The company has a market cap of $325.64 million, a price-to-earnings ratio of 14.56, a PEG ratio of 1.11 and a beta of 2.02. Denny’s has a 12 month low of $5.37 and a 12 month high of $11.16. The stock has a 50-day moving average price of $6.31 and a two-hundred day moving average price of $6.95.

Denny’s (NASDAQ:DENN) last posted its quarterly earnings results on Tuesday, October 22nd. The restaurant operator reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.15 by ($0.01). Denny’s had a negative return on equity of 48.06% and a net margin of 3.90%. The business had revenue of $111.76 million for the quarter, compared to analyst estimates of $115.46 million. During the same period last year, the firm posted $0.17 EPS. Denny’s’s quarterly revenue was down 2.1% on a year-over-year basis.

Institutional Trading of Denny’s

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets grew its position in shares of Denny’s by 20.7% in the 1st quarter. BNP Paribas Financial Markets now owns 42,593 shares of the restaurant operator’s stock valued at $382,000 after buying an additional 7,309 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Denny’s by 19.9% in the 1st quarter. Russell Investments Group Ltd. now owns 267,357 shares of the restaurant operator’s stock valued at $2,396,000 after purchasing an additional 44,414 shares during the last quarter. State Board of Administration of Florida Retirement System increased its position in shares of Denny’s by 87.2% during the first quarter. State Board of Administration of Florida Retirement System now owns 29,189 shares of the restaurant operator’s stock worth $262,000 after buying an additional 13,600 shares during the period. First Eagle Investment Management LLC raised its stake in Denny’s by 15.3% during the first quarter. First Eagle Investment Management LLC now owns 1,103,727 shares of the restaurant operator’s stock worth $9,889,000 after buying an additional 146,658 shares during the last quarter. Finally, Vanguard Group Inc. lifted its holdings in Denny’s by 2.8% in the first quarter. Vanguard Group Inc. now owns 3,335,391 shares of the restaurant operator’s stock valued at $29,885,000 after buying an additional 89,465 shares during the period. 85.07% of the stock is currently owned by institutional investors and hedge funds.

Denny’s Company Profile

Denny's Corporation, through its subsidiaries, owns and operates franchised full-service restaurant chains under the Denny's and Keke's Breakfast Cafe brands in the United States and internationally. The company was formerly known as Advantica Restaurant Group, Inc and changed its name to Denny's Corporation in July 2002.