Denny's Corporation is the franchisor and operator of one of America's largest franchised full-service restaurant chains, based on the number of restaurants. As of December 30, 2020, Denny's had 1,650 franchised, licensed, and company restaurants around the world including 146 restaurants in Canada, Puerto Rico, Mexico, the Philippines, New Zealand, Honduras, the United Arab Emirates, Costa Rica, Guam, Guatemala, El Salvador, Indonesia, and the United Kingdom.

Company profile
Ticker
DENN
Exchange
Website
CEO
John Miller
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ADVANTICA RESTAURANT GROUP INC, DENNYS CORP, FLAGSTAR COMPANIES INC
SEC CIK
Corporate docs
Subsidiaries
Denny's, Inc. • DFO, LLC • Denny's Realty, LLC • East Main Insurance Company ...
IRS number
133487402
DENN stock data
News

Recap: Denny's Q2 Earnings
2 Aug 22
Denny's Q2 EPS $0.11 Misses $0.13 Estimate, Sales $115.02M Beat $112.37M Estimate
2 Aug 22
Earnings Scheduled For August 2, 2022
2 Aug 22
Short Volatility Alert: Denny's Corporation
22 Jul 22
Why 40% Of Monthly U.S. Food Budgets Are Spent On Restaurants: Report
15 Jul 22
Press releases
Denny's Hosted its Inaugural "Denny's Surprise and Delight Weekend"
3 Aug 22
Denny's Corporation Reports Results for Second Quarter 2022
2 Aug 22
Denny's Corporation Completes Acquisition of Keke's Breakfast Café
20 Jul 22
Denny's Corporation Announces Timing of Second Quarter 2022 Results and Conference Call on August 2, 2022
12 Jul 22
Denny's Joins "Pathways" Program to Support Black Franchise Ownership
15 Jun 22
Analyst ratings and price targets
Current price
Average target
$10.83
Low target
$10.00
High target
$12.50
Wedbush
Downgraded
$10.00
Citigroup
Maintains
$10.00
MKM Partners
Maintains
$12.50
Calendar
2 Aug 22
12 Aug 22
28 Dec 22
Financial summary
Quarter (USD) | Jun 22 | Mar 22 | Dec 21 | Sep 21 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 21 | Dec 20 | Dec 19 | Dec 18 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.36M | 1.36M | 1.36M | 1.36M | 1.36M | 1.36M |
Cash burn (monthly) | 1.58M | 793.5K | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 2.32M | 1.17M | n/a | n/a | n/a | n/a |
Cash remaining | -956.65K | 194.33K | n/a | n/a | n/a | n/a |
Runway (months of cash) | -0.6 | 0.2 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
5 Aug 22 | Lauderback Brenda J | Common Stock | Sell | Dispose S | No | No | 9.7229 | 10,000 | 97.23K | 5,421 |
4 Aug 22 | Miller John C | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 8,844 | 0 | 8,844 |
13 Jun 22 | Kelli Valade | RSU Common Stock | Grant | Acquire A | No | No | 0 | 92,665 | 0 | 92,665 |
2 Jun 22 | Wolfinger F Mark | Deferred Stock Units Common Stock | Grant | Acquire A | No | No | 0 | 10,027 | 0 | 10,027 |
Institutional ownership, Q1 2022
13F holders | Current |
---|---|
Total holders | 148 |
Opened positions | 17 |
Closed positions | 16 |
Increased positions | 37 |
Reduced positions | 63 |
13F shares | Current |
---|---|
Total value | 892.01M |
Total shares | 61.47M |
Total puts | 51.7K |
Total calls | 47.8K |
Total put/call ratio | 1.1 |
Largest owners | Shares | Value |
---|---|---|
Franklin Mutual Advisers | 7.43M | $118.95M |
Allspring Global Investments | 7.04M | $100.74M |
BEN Franklin Resources | 6.93M | $99.24M |
Wellington Management | 6.08M | $86.97M |
BLK Blackrock | 4.08M | $58.39M |
Vanguard | 3.19M | $45.6M |
TROW T. Rowe Price | 3.02M | $43.2M |
Brown Advisory | 2.28M | $32.67M |
IVZ Invesco | 2.19M | $31.37M |
MCQEF Macquarie | 1.7M | $24.26M |
Financial report summary
?Risks
- The COVID-19 pandemic has disrupted and could continue to disrupt our business, which could continue to have a material adverse impact on our business, results of operations, liquidity and financial condition for an extended period of time.
- The restaurant business is highly competitive, and if we are unable to compete effectively, our business will be adversely affected.
- Our returns and profitability may be negatively impacted by a number of factors, including those described below.
- The financial performance of our franchisees can negatively impact our business.
- The locations of company and franchised restaurants may cease to be attractive as demographic patterns change.
- Food safety and quality concerns may negatively impact our business and profitability.
- Unfavorable publicity, or a failure to respond effectively to adverse publicity, could harm our brand’s reputation.
- A decline in general economic conditions could adversely affect our financial results.
- If we fail to recruit, develop and retain talented employees, our business could suffer.
- Our growth strategy depends on our ability and that of our franchisees to open new restaurants. Delays or failures in opening new restaurants could adversely affect our planned growth and operating results.
- Our brand’s expansion into international markets may present increased risks due to lower customer awareness of our brand, our unfamiliarity with those markets and other factors.
- Litigation may adversely affect our business, financial condition and results of operations.
- Existing and changing legal and regulatory requirements, as well as an increasing focus on environmental, social and governance issues, could adversely affect our brand, business, results of operations and financial condition.
- If our internal controls are ineffective, we may not be able to accurately report our financial results or prevent fraud.
- Changes to existing accounting rules or the questioning of current accounting practices may adversely affect our reported financial results.
- Failure of computer systems, information technology, or the ability to provide a continuously secure network, or cyber attacks against our computer systems, could result in material harm to our reputation and business.
- We rely on third parties for certain business processes and services. Failure or inability of such third-party vendors to perform subjects us to risks, including business disruption and increased costs.
- Changes in the method used to determine LIBOR rates and the phasing out of LIBOR after 2021 may affect our financial results.
- Our indebtedness could have an adverse effect on our financial condition and operations.
- Many factors, including those over which we have no control, affect the trading price of our common stock.
Content analysis
?Positive | ||
Negative | ||
Uncertain | ||
Constraining | ||
Legalese | ||
Litigous | ||
Readability |
H.S. freshman Avg
|
New words:
agreed, allocated, appointed, approach, attractive, billed, Caf, choice, complementary, concept, directly, discounted, eatery, expansion, experienced, fail, failure, Florida, frame, franchisor, gather, goal, grow, inflationary, Kelli, leasehold, manner, multiple, observable, opportunity, quickly, realize, realized, scale, sheet, team, uncertainty, underperforming, unfavorable, Valade, variety, written
Removed:
area, center, gain, John, Miller, moving, rent, Statement, support
Financial reports
Current reports
8-K
Denny’s Corporation Reports Results for Second Quarter 2022
2 Aug 22
8-K
Completion of Acquisition or Disposition of Assets
20 Jul 22
8-K
Entry into a Material Definitive Agreement
14 Jul 22
8-K
Other Events
2 Jun 22
8-K
Submission of Matters to a Vote of Security Holders
20 May 22
8-K
Denny’s Corporation Reports Results for First Quarter 2022
3 May 22
8-K
Denny’s Corporation Executes Management Succession Plan Through Appointment of Kelli Valade As New Chief Executive Officer and President
3 May 22
8-K
Departure of Directors or Certain Officers
8 Apr 22
8-K
Denny’s Corporation Reports Results for Fourth Quarter and Full Year 2021
15 Feb 22
8-K
Denny’s Corporation Releases Preliminary Financial Results for Fourth Quarter and Fiscal Year 2021
10 Jan 22
Registration and prospectus
S-8
Registration of securities for employees
19 May 21
424B5
Prospectus supplement for primary offering
1 Jul 20
424B5
Prospectus supplement for primary offering
30 Jun 20
S-3
Shelf registration
8 Jun 20
S-8
Registration of securities for employees
9 May 17
S-8
Registration of securities for employees
12 Mar 17
S-8
Registration of securities for employees
15 May 12
S-8
Registration of securities for employees
29 Jul 10
15-12G
Securities registration termination
7 Jan 09
S-8
Registration of securities for employees
22 Jun 08
Proxies
PX14A6G
Letter to shareholders
2 May 22
DEFA14A
Additional proxy soliciting materials
7 Apr 22
DEFA14A
Additional proxy soliciting materials
9 Apr 21
DEFA14A
Additional proxy soliciting materials
9 Apr 20
DEFA14A
Additional proxy soliciting materials
29 Mar 19
DEF 14A
Definitive proxy
29 Mar 19
PX14A6G
Letter to shareholders
10 Apr 18
Other
UPLOAD
Letter from SEC
22 Feb 21
CORRESP
Correspondence with SEC
21 Feb 21
CORRESP
Correspondence with SEC
19 Jan 21
UPLOAD
Letter from SEC
29 Dec 20
EFFECT
Notice of effectiveness
24 Jun 20
CORRESP
Correspondence with SEC
18 Jun 20
UPLOAD
Letter from SEC
14 Jun 20
UPLOAD
Letter from SEC
22 Sep 19
CORRESP
Correspondence with SEC
29 Aug 19
UPLOAD
Letter from SEC
22 Aug 19
Ownership
4
DENNY'S / BRENDA J LAUDERBACK ownership change
8 Aug 22
4
DENNY'S / JOHN C MILLER ownership change
8 Aug 22
4
DENNY'S / Kelli Valade ownership change
15 Jun 22
3
DENNY'S / Kelli Valade ownership change
15 Jun 22
4
DENNY'S / F MARK WOLFINGER ownership change
6 Jun 22
4/A
DENNY'S / Gail Sharps Myers ownership change
25 May 22
4
DENNY'S / Christopher D Bode ownership change
24 May 22
4
DENNY'S / John William Dillon ownership change
24 May 22
4
DENNY'S / Stephen C. Dunn ownership change
24 May 22
4
DENNY'S / Michael L. Furlow ownership change
24 May 22
Transcripts
2022 Q2
Earnings call transcript
3 Aug 22
2022 Q1
Earnings call transcript
4 May 22
2021 Q4
Earnings call transcript
16 Feb 22
2021 Q3
Earnings call transcript
3 Nov 21
2021 Q2
Earnings call transcript
4 Aug 21
2021 Q1
Earnings call transcript
5 May 21
2020 Q4
Earnings call transcript
17 Feb 21
2020 Q3
Earnings call transcript
28 Oct 20
2020 Q2
Earnings call transcript
28 Jul 20
2020 Q1
Earnings call transcript
15 May 20
Reddit threads
Daily Discussion Thread - August 2nd, 2022
2 Aug 22
Daily Discussion Thread - August 1st, 2022
1 Aug 22
Daily Discussion Thread - May 3rd, 2022
3 May 22
Daily Discussion Thread - May 2nd, 2022
2 May 22
Denny's $DENN
7 Apr 22
Daily Discussion Thread - February 15th, 2022
15 Feb 22
Daily Discussion Thread - February 14th, 2022
14 Feb 22
Daily Discussion Thread - November 2nd, 2021
2 Nov 21
Daily Discussion Thread - November 1st, 2021
1 Nov 21
Strange short film from 1987 (posted in 2006) about 2078 - Maybe DD, got some prognostication feels. AND - not allowed to post on homeland!
6 Oct 21