Is this itinerary possible?

We're planning to go to Yellowstone National Park in early July. We will be leaving from Cody, Wyoming, and entering the park via the east entrance. We want to see Grand Prismatic, the Grand Canyon of the Yellowstone, and Old Faithful before we leave. When we exit, we will go through the east entrance and back to Cody, Wyoming. Can we do this in one day? How many hours will this take?