Denny's stock exits Nasdaq as buyout makes chain private

Denny's stock exited Nasdaq after the company became privately held on January 16, 2026. The official Denny's investor page says its common stock ceased trading on the exchange when the transaction with TriArtisan Capital Advisors, Treville Capital Group and Yadav Enterprises was completed.

Buyout ends the public listing

The transaction followed an announcement in November 2025 and carried a USD 620 million valuation, according to USA Today. The change is decisive for anyone tracking the former ticker: Denny's is now a private restaurant operator rather than a Nasdaq-listed stock.

The ownership shift also changes how operating milestones matter. Public quarterly earnings and daily market prices have given way to restaurant expansion, franchisee support and brand performance as the main measurable signals.

350 restaurants targeted for updates

Denny's Project Grand Slam calls for updates at as many as 350 restaurants, while the chain plans 20 new locations in 2026 and another 20 in 2027, USA Today reported. The two-year opening plan totals 40 restaurants, giving the expansion a defined pace rather than an open-ended target.

The chain had 1,321 restaurants, including 78 international locations, according to the company information cited by USA Today. That total was 131 locations below the September 2025 figure, a contraction that makes the renovation program central to the private owners' turnaround effort.

Private status defines Denny's stock

Denny's common stock ceased trading on Nasdaq on January 16, 2026, according to the company's investor page. For market participants, the relevant reference is therefore the completed change in listing status, while the operating scorecard now centers on 350 planned updates and 40 planned openings across 2026 and 2027.