Denny's Completes Acquisition by TriArtisan, Shareholders Receive $6.25 per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 16 2026
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Denny's announced the successful completion of its previously announced acquisition by TriArtisan, Treville and Yadav Enterprises. The transaction closed following approval by Denny's stockholders as well as satisfaction of all required regulatory and customary closing conditions. In connection with closing, Denny's stockholders received $6.25 per share in cash for each share of Denny's common stock they own. Denny's common stock will cease trading on Nasdaq, effective as of the close of the trading session today, January 16.
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Analyst Views on DENN
Wall Street analysts forecast DENN stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for DENN is 6.00 USD with a low forecast of 5.75 USD and a high forecast of 6.24 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
5 Analyst Rating
1 Buy
4 Hold
0 Sell
Hold
Current: 6.250
Low
5.75
Averages
6.00
High
6.24
Current: 6.250
Low
5.75
Averages
6.00
High
6.24
About DENN
Denny's Corporation is a franchised full-service restaurant chain. The Company owns and operates the Denny’s brand (Denny’s) and the Keke’s Breakfast Cafe brand (Keke’s). It operates in two segments: Denny’s and Keke’s. It has approximately 1,537 restaurants, 1,452 of which were franchised/licensed restaurants and 85 of which were Company-operated. The Denny’s brand consists of over of 1,459 global restaurants, 1,397 of which were franchised and licensed restaurants and 62 of which were Company operated. Denny’s offers a wide selection of lunch and dinner items, including entrees, burgers, sandwiches and salads, along with an assortment of appetizers and desserts. It has four dayparts, breakfast, lunch, dinner and late night. Keke’s is a daytime eatery dedicated to providing a breakfast experience. Keke’s brand consists of over 78 restaurants, 55 of which were franchised restaurants and 23 of which were company operated. Keke’s also serves burgers, paninis, salads, and sandwiches.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Denny's Corporation Completes Acquisition, Shareholders Receive $6.25 Per Share
- Acquisition Completed: Denny's Corporation announced the successful completion of its acquisition by TriArtisan, Treville, and Yadav Enterprises, with shareholders receiving $6.25 per share in cash, marking a strategic transformation under new ownership.
- Enhanced Brand Investment: The acquisition will provide Denny's with greater flexibility and resources to invest in its brands and support franchisees, expected to accelerate growth initiatives and enhance market competitiveness.
- Market Position Strengthened: As of September 2025, Denny's operates 1,537 restaurants, with 1,452 being franchised, and the acquisition will further solidify its position as one of the largest full-service restaurant chains in the U.S.
- Management Team Support: TriArtisan's management team brings extensive investment experience in the restaurant industry, and the acquisition will provide Denny's with the necessary resources to support its long-term strategic growth plans, ensuring continued market leadership.
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Denny's (DENN) Shareholders Approve $620M Buyout by TriArtisan and Partners
- Shareholder Approval: Denny's (DENN) shareholders have approved a $620 million buyout by TriArtisan Capital Advisors and partners, marking a significant shift to private ownership that is expected to enhance financial flexibility and strategic execution.
- Historical Overview: Founded in 1953 as a coffee shop, Denny's evolved into a 24-hour diner, rapidly expanding through franchising in the 1960s and 1970s, showcasing strong market adaptability and brand influence.
- Asset-Light Strategy: Throughout the 2000s and 2010s, Denny's management adopted an asset-light model by refranchising restaurants, successfully positioning the brand as a cash-generative franchisor despite facing post-pandemic market challenges.
- Current Store Count: As of June 25, 2025, Denny's operates 1,558 locations, including 1,484 Denny's-branded restaurants and 74 Keke's restaurants, indicating its ongoing presence and expansion potential in the market.
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