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Denny's (NASDAQ:DENN) Bolsa, Informe de interés en corto

Denny's

Denny's Corp is one of America's franchised full-service restaurant chains based on the number of restaurants. The company owns and operates the Denny's brand and the Keke's Breakfast Cafe brand. It provides Pancakes, Appetizers & Soups, Sandwiches & Salads, Breakfast Melts, Omelets, and others. The company generates its revenue from two sources: the sale of food and beverages and the collection of royalties, advertising revenue, initial and other fees, including occupancy revenue, from restaurants operated by their franchisees.

Denny's Corp

Denny&#8217;s Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading lower on Tuesday.</a>
The company reported third-quarter adjusted earnings per share of 14 cents, <a target="_blank" href="https://www.benzinga.com/pressreleases/24/10/g41447718/dennys-corporation-reports-results-for-third-quarter-2024-and-hosts-investor-day-today" rel="noreferrer noopener">missing the analyst consensus of 15 cents</a>. Quarterly sales of $111.76 million missed the street view of $115.46 million.
Denny&#8217;s domestic system-wide same-restaurant sales fell 0.1%, including a 0.1% decline at domestic franchised restaurants and a 0.4% decrease at company restaurants.
The company opened two new franchised restaurants and completed six remodels, including three at company locations.
Operating income fell to $11.7 million from $14.0 million in the same quarter last year.
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Adjusted company restaurant operating margin was $6.2 million, or 11.8% of company restaurant sales, compared to $7.6 million, or 14.3% for the prior-year quarter.
This margin change was primarily due to investments in marketing and higher occupancy costs, including general liability insurance costs, for the current quarter.
The company ended the quarter with $272.0 million of total debt outstanding, including $261.0 million of borrowings under its credit facility.
Outlook: Denny&#8217;s expects domestic same-restaurant sales to range from -1% to 0%, compared to a <a href="https://www.benzinga.com/calendars/guidance">previous forecast of -1% to 1%.</a>
The company plans to open 30 to 40 restaurants, including 12 to 16 new Keke&#8217;s locations, with a net decline of 45 to 55.
Commodity inflation is anticipated at approximately 2%, while labor inflation is expected to be between 3% and 4%.
Total general and administrative expenses are projected to be between $82 million and $85 million, which includes around $11 million for share-based compensation.
Adjusted EBITDA is forecasted to be between $81 million and $84 million, down from the earlier estimate of $83 million to $87 million.
Price Action: DENN shares are trading lower by 17.3% to $5.49 at last check Tuesday.
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DENN

Denny's Shares Fall Following Disappointing Q3 Financial Results: Details

<h3>Gainers</h3>
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<li>Digital Brands Group (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DBGI#NASDAQ">DBGI</a>) stock increased by 51.2% to $0.37 during Tuesday's regular session. The company's market cap stands at $1.3 million. </li>
<li>Flexsteel Industries (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FLXS#NASDAQ">FLXS</a>) stock rose 35.26% to $57.62. The company's market cap stands at $299.8 million. As per the press release, Q1 earnings came out yesterday. </li>
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<li>Lobo EV Technologies (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LOBO#NASDAQ">LOBO</a>) stock moved upwards by 17.9% to $2.7. The company's market cap stands at $22.0 million. </li>
<li>Qurate Retail (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QRTEB#NASDAQ">QRTEB</a>) shares moved upwards by 16.61% to $4.0. The market value of their outstanding shares is at $1.5 billion. </li>
<li>Jowell Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JWEL#NASDAQ">JWEL</a>) shares moved upwards by 13.57% to $1.79. The market value of their outstanding shares is at $3.8 million. </li>
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<h3>Losers</h3>
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<li>Genuine Parts (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GPC#NYSE">GPC</a>) shares fell 19.8% to $114.83 during Tuesday's regular session. The company's market cap stands at $15.9 billion. As per the news, the Q3 earnings report came out today. </li>
<li>Jiade (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/JDZG#NASDAQ">JDZG</a>) shares decreased by 19.5% to $1.24. The company's market cap stands at $30.2 million. </li>
<li>Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) stock fell 16.57% to $5.54. The market value of their outstanding shares is at $284.6 million. As per the news, the Q3 earnings report came out today. </li>
<li>Sunlands Technology (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/STG#NYSE">STG</a>) shares declined by 16.06% to $6.45. The company's market cap stands at $88.3 million. </li>
<li>Boqii Holding (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/BQ#AMEX">BQ</a>) shares declined by 15.19% to $0.5. The market value of their outstanding shares is at $2.3 million. </li>
<li>Polaris (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PII#NYSE">PII</a>) stock declined by 10.27% to $71.96. The company's market cap stands at $4.0 billion. As per the news, the Q3 earnings report came out today. 
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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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12 Consumer Discretionary Stocks Moving In Tuesday's Intraday Session

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Denny's shares are trading lower after the company reported worse-than-expected Q3 financial results.

Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) reported quarterly earnings of $0.14 per share which missed the analyst consensus estimate of $0.15 by 6.67 percent. This is a 17.65 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $111.76 million which missed the analyst consensus estimate of $115.46 million by 3.21 percent. This is a 2.12 percent decrease over sales of $114.18 million the same period last year.

Earnings Misses

Denny's Q3 Adj $0.14 Misses $0.15 Estimate, Sales $111.76M Miss $115.46M Estimate

Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) is set to give its latest quarterly earnings report on Tuesday, 2024-10-22. Here's what investors need to know before the announcement.
Analysts estimate that Denny's will report an earnings per share (EPS) of $0.15. 
The market awaits Denny's's announcement, with hopes high for news of surpassing estimates and providing upbeat guidance for the next quarter.
It's important for new investors to understand that guidance can be a significant driver of stock prices.
<h3>Performance in Previous Earnings</h3>
In the previous earnings release, the company missed EPS by $0.06, leading to a 3.79% drop in the share price the following trading session.
Here's a look at Denny's's past performance and the resulting price change:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q2 2024</th>
<th>Q1 2024</th>
<th>Q4 2023</th>
<th>Q3 2023</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.19</td>
<td>0.14</td>
<td>0.17</td>
<td>0.15</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.13</td>
<td>0.11</td>
<td>0.14</td>
<td>0.17</td>
</tr>
<tr>
<td>Price Change %</td>
<td>-4.0%</td>
<td>0.0%</td>
<td>-6.0%</td>
<td>-0.0%</td>
</tr>
</tbody>
</table>

<img src="https://www.benzinga.com/files/images/story/2024/1729533708_0.png" alt="eps graph" />
<h3>Stock Performance</h3>
Shares of Denny's were trading at $6.65 as of October 18. Over the last 52-week period, shares are down 24.44%. Given that these returns are generally negative, long-term shareholders are likely a little upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/DENN/earnings">To track all earnings releases for Denny's visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

An Overview of Denny's's Earnings

Citigroup analyst Jon Tower maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Neutral and lowers the price target from $8 to $7.

Price Target

Analyst Ratings

Citigroup Maintains Neutral on Denny's, Lowers Price Target to $7

Denny's Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) today announced two key leadership appointments aimed at advancing the company's technological innovation and operational growth. Minh Le has been named senior vice president and chief technology officer, effective September 23, and Christopher Bode will return as president and chief operating officer, effective September 30. These appointments reflect Denny's ongoing commitment to enhancing its technological infrastructure and operational excellence across the brand.
Minh Le, a respected leader in restaurant technology, will serve as senior vice president and chief technology officer for Denny's Corporation. In this role, he will oversee the entire technology ecosystem across both Denny's and Keke's Breakfast Café, with a focus on modernizing and integrating innovative solutions to enhance guest experiences, improving operational efficiencies, and ensuring data security and compliance. Le brings over 25 years of experience in steering large-scale technology transformations for major restaurant brands, including Checkers &amp; Rally's Drive-In Restaurants, CBC Restaurants, Romano's Macaroni Grill, and Darden Restaurants.

Management

Denny's Announces Key Leadership Appointments, Naming Minh Le As CTO And Christopher Bode As President And COO To Drive Innovation And Operational Growth

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Benchmark analyst Todd Brooks reiterates Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Buy and maintains $15 price target.

Reiteration

Benchmark Reiterates Buy on Denny's, Maintains $15 Price Target

Denny's shares are trading lower after the company reported worse-than-expected Q2 financial results. Additionally, Wedbush and Oppenheimer lowered their respective price targets on the stock.

Oppenheimer analyst Michael Tames maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Outperform and lowers the price target from $11 to $10.

Oppenheimer Maintains Outperform on Denny's, Lowers Price Target to $10

Wedbush analyst Nick Setyan maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Neutral and lowers the price target from $8.5 to $8.

Wedbush Maintains Neutral on Denny's, Lowers Price Target to $8

Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) reported quarterly earnings of $0.13 per share which missed the analyst consensus estimate of $0.19 by 31.58 percent. This is a 13.33 percent decrease over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $115.927 million which missed the analyst consensus estimate of $118.980 million by 2.57 percent. This is a 0.85 percent decrease over sales of $116.915 million the same period last year.

Denny's Q2 2024 Adj. EPS $0.13 Misses $0.19 Estimate, Sales $115.927M Miss $118.980M Estimate

Wedbush analyst Nick Setyan reiterates Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Neutral and maintains $8.5 price target.

Wedbush Reiterates Neutral on Denny's, Maintains $8.5 Price Target

Truist Securities analyst Jake Bartlett maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Buy and lowers the price target from $11 to $10.

Truist Securities Maintains Buy on Denny's, Lowers Price Target to $10

Denny&#8217;s Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) reported weaker-than-expected first-quarter <a href="https://www.benzinga.com/quote/DENN/earnings">financial results on Tuesday.</a>
Denny&#8217;s posted adjusted earnings of 11 cents per share, missing market estimates of 14 cents per share. The company's quarterly sales came in at $110.00 million, missing expectations of $115.16 million, according to data from <a href="https://pro.benzinga.com/dashboard">Benzinga Pro</a>.
Kelli Valade, Chief Executive Officer, stated, &#8220;I am very pleased that our first quarter domestic same-restaurant sales and traffic outperformed both the family and casual dining segments, while overcoming the industry&#8217;s tough operating environment. We were also excited for Keke&#8217;s to expand outside of Florida and begin testing our new design in the latest Florida openings. I am encouraged by the sales driving initiatives planned for the back half of the year including expanding our third virtual brand, Banda Burrito, launching our test with Franklin Junction, reigniting our Denny&#8217;s remodel program and having the full force of our local co-op advertising fund for the first time since the pandemic began. These initiatives are sure to generate incremental sales and margins at our flagship brand.&#8221;
Denny&#8217;s shares fell 2.3% to close at $8.02 on Tuesday.
These analysts made changes to their price targets on Denny&#8217;s following earnings announcement.
<ul>
<li>Wedbush cut the price target on Denny&#8217;s from $9.5 to $8.5. Wedbush analyst Nick Setyan maintained a Neutral rating.</li>
<li>Oppenheimer slashed the price target on Denny&#8217;s from $12 to $11. Oppenheimer analyst Michael Tames maintained an Outperform rating.</li>
</ul>
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Trading Ideas

Denny's Analysts Cut Their Forecasts After Q1 Earnings

Oppenheimer analyst Michael Tames maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Outperform and lowers the price target from $12 to $11.

Oppenheimer Maintains Outperform on Denny's, Lowers Price Target to $11

Wedbush analyst Nick Setyan maintains Denny's (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DENN#NASDAQ">DENN</a>) with a Neutral and lowers the price target from $9.5 to $8.5.

Wedbush Maintains Neutral on Denny's, Lowers Price Target to $8.5

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Here's the major earnings before the open tomorrow

The following full year 2024 expectations reflect management's expectations that the current consumer and economic environment will not change mate...

Denny's sees FY24 adjusted EBITDA $81M-$84M

Reports Q3 revenue $111.8M, consensus $115.46M. Denny's (DENN) domestic system-wide same-restaurant sales were (0.1%) compared to the equivalent fi...

Denny's reports Q3 adjusted EPS 14c, consensus 15c

Denny's ( ($DENN) ) has shared an announcement. Denny's Corporation announced its third-quarter 2024 results, revealing a slight dip in total opera...

Denny's Q3 2024 Results and Strategic Growth Plans

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Press Releases

Denny's Corporation Announces Timing of Second Quarter 2024 Results and Conference Call on July 30, 2024

Restaurants

Denny's Inc. Announces Two Executive Appointments: Chief People Officer and Denny's Chief Brand Officer

Denny's Corporation Reports Results for Second Quarter 2024

BURRITO LOVERS REJOICE! DENNY'S EXPANDS CALIFORNIA FAVORITE BANDA BURRITO TO OFF-PREMISE GUESTS NATIONWIDE

Denny's Resurrects Its Iconic $2 $4 $6 $8 Value Menu in Partnership with 'Beetlejuice Beetlejuice'

Denny's Annual No Kid Hungry Fundraiser Returns for Fourteenth Year to Address the Most Important School Supply: Food

Denny's Celebrates HBCU Culture and Community in Its Fourth Year as Title Sponsor of the Denny's Orange Blossom Classic

Denny's Inc. Announces Strategic Leadership Appointments to Drive Innovation and Operational Excellence

Denny's Corporation Announces Timing of Third Quarter 2024 Results and Webcast on October 22, 2024

Denny's Corporation Reports Results for Third Quarter 2024 and Hosts Investor Day Today

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