Denny's Corporation (DENN) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.12 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.01. Analysts had a consensus of $0.11. The company posted revenue of $124.64 million in the period, compared to analysts expectations of $123.09 million. The company’s revenue was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 EPS.
Many Wall Street Analysts have commented on Denny's Corporation. Nomura Initiated Denny's Corporation on Apr 20, 2016 to “Neutral”, Price Target of the shares are set at $11.
Denny's Corporation closed down -0.08 points or -0.79% at $10.03 with 3,37,753 shares getting traded on Wednesday. Post opening the session at $10.07, the shares hit an intraday low of $9.93 and an intraday high of $10.1 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Mar 21, 2016, Pelt Jill A Van (Sr. V.P., Chief People Officer) sold 3,135 shares at $10.35 per share price. According to the SEC, on Mar 9, 2016, F Mark Wolfinger (EVP, Chief Admin Officer & CFO) sold 26,100 shares at $10.27 per share price. On Feb 23, 2016, Timothy E. Flemming (Sr. VP, General Counsel & CLO) sold 7,700 shares at $10.31 per share price, according to the Form-4 filing with the securities and exchange commission.
Denny’s Corporation (Denny’s) is a franchised full-service restaurant chain. The Company through its wholly owned subsidiary Denny’s Inc. owns and operates the Denny’s brand. Its other wholly owned subsidiaries include DFO LLC and Denny’s Realty LLC. The Denny’s brand consisted of approximately 1702 franchised licensed and the Company operated restaurants around the world including over 1596 restaurants in the United States and over 106 international locations. Approximately 1541 of Denny’s restaurants were franchised or licensed and over 161 were Company operated. It offers a variety of items for breakfast lunch dinner and late night dining. Denny’s Fit Fare menu helps its guests identify items suited to their dietary needs. Denny’s restaurants offer special items for children and seniors at reduced prices. It offers a selection of lunch and dinner items including burgers sandwiches salads and skillet entrees along with beverages appetizers and desserts.