Denny's (DENN)

• Market cap: $199M
• 1 day: -1.02%
• 5 days: -15.43%
• 1 month: -5.12%
• 3 months: 5.42%
• 6 months: -39.41%
• Year to date: -37.96%
• 1 year: -49.15%
• 5 years: -58.53%
• 10 years: -66.47%
• Sector: Consumer Discretionary
• Industry: Restaurants

About: Denny's Corp is 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. Geographically operates in USA states as well as globally like Canada, Mexico, Guatemala, Indonesia, United Kingdom, New Zealand and others. Maximum revenue is from USA and Canada.

Employees: 3,800

Fund manager confidence

Based on 2025 Q1 regulatory disclosures by fund managers ($100M+ AUM)

14% more repeat investments, than reductions

Existing positions increased: 50 | Existing positions reduced: 44

2.97% more ownership

Funds ownership: 85.84% [Q4 2024] → 88.81% (+2.97%) [Q1 2025]

5% less funds holding

Funds holding: 149 [Q4 2024] → 141 (-8) [Q1 2025]

20% less first-time investments, than exits

New positions opened: 24 | Existing positions closed: 30

37% less capital invested

Capital invested by funds: $268M [Q4 2024] → $170M (-$98.7M) [Q1 2025]

58% less call options, than puts

Call options by funds: $210K | Put options by funds: $501K

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

• Low target: $6 54% upside
• Avg. target: $6 54% upside
• High target: $6 54% upside

1 analyst rating

• positive: 1 100%
• neutral: 0 0%
• negative: 0 0%

Oppenheimer Michael Tames

54% upside $6

Outperform Maintained

6 May 2025